Latest news with #VPBank
CNA
7 days ago
- Business
- CNA
USD on a weaker trajectory through the second half of this year: Investment strategist
Thomas Rupf, Chief Investment Officer, Asia at VP Bank Singapore, explains why he expects more funds to switch out of the greenback and into the Euro.
The Sun
21-05-2025
- Entertainment
- The Sun
Visa announces its role as Official Payment Partner for K-Star Spark in Vietnam
HCMC, VIETNAM - Media OutReach Newswire - 21 May 2025 - Visa, a global leader in digital payments, has announced its role as the Official Payment Partner for the K-Star Spark in Vietnam – presented by VPBank, set to take place on June 21, 2025, at My Dinh National Stadium in Hanoi, Vietnam. The K-Star Spark in Vietnam – presented by VPBank, organized by Ravolution Asia and with VPBank as the Title Sponsor, offers Vietnamese youth a chance to immerse themselves in the world of K-Pop. The lineup includes renowned artists like G-Dragon, CL, DPR IAN, TEMPEST, and tripleS. This collaboration with Ravolution Asia, a leading music festival organizer, marks Visa's first local music sponsorship in Vietnam, demonstrating its commitment to connecting with Gen Z and Millennials through their love for music. Visa's Gen Z Decoded Report[1] reveals that music is a major passion for Gen Z in Vietnam, with 64% highly engaged in it. Concerts are a popular way for Gen Z to connect, with those interested in music attending nearly two live events annually. A significant 95% of these fans show a strong interest in merchandise at live events, preferring clothing and posters, and they can easily purchase these items using debit cards and digital payments.[2] The K-Star Spark in Vietnam – presented by VPBank offers a unique opportunity to connect with this tech-savvy audience. Through this collaboration, Visa aims to enhance payment convenience, security, and speed, solidifying its leadership in digital payments. As the Official Payment Partner of this event, Visa adds to the excitement by offering an attractive promotion of a 10% discount on all Visa card purchases for event tickets through the official ticketing partner, available during the presale at 2:00 PM on May 20th and the public sale at 2:00 PM on May 21st.[3] 'We are honored to be the Official Payment Partner for K-Star Spark in Vietnam – presented by VPBank. This sponsorship underscores Visa's dedication to supporting cultural and entertainment activities while engaging with Gen Z in Vietnam,' said Ms. Dung Dang, Country Manager of Visa Vietnam and Laos. 'By enhancing the concert experience with our seamless and secure digital payment solutions, we aim to provide fans with greater convenience and enjoyment. We believe this collaboration will not only contribute to the success of Ravolution Asia but also offer our clients with sponsorship opportunities on an international scale. This marks a significant step forward in Visa's sustainable development journey with its partners in the Asian market.' In recent years, by aligning with our consumers' passion points, Visa has actively engaged in sponsorships across both music and sports. The K-Star Spark in Vietnam – presented by VPBank marks the first in a series of five music events in 2025 by Ravolution Asia that Visa is collaborating on. [1] Visa's Gen Z Decoded Report, commissioned by Visa's Asia Pacific Insights & Analytics team, involved interviewing Gen Z consumers in Vietnam as part of a qualitative study. [2] Same report as above. [3] Terms and conditions applied – Cticket | Offers | Visa. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
Zawya
21-05-2025
- Entertainment
- Zawya
Visa announces its role as Official Payment Partner for K-Star Spark in Vietnam
Global payment leader joins forces with Ravolution Asia to engage Gen Z and Millennials in Vietnam's vibrant K-Pop scene. HCMC, VIETNAM - Media OutReach Newswire - 21 May 2025 - Visa, a global leader in digital payments, has announced its role as the Official Payment Partner for the K-Star Spark in Vietnam – presented by VPBank, set to take place on June 21, 2025, at My Dinh National Stadium in Hanoi, Vietnam. The K-Star Spark in Vietnam – presented by VPBank, organized by Ravolution Asia and with VPBank as the Title Sponsor, offers Vietnamese youth a chance to immerse themselves in the world of K-Pop. The lineup includes renowned artists like G-Dragon, CL, DPR IAN, TEMPEST, and tripleS. This collaboration with Ravolution Asia, a leading music festival organizer, marks Visa's first local music sponsorship in Vietnam, demonstrating its commitment to connecting with Gen Z and Millennials through their love for music. Visa's Gen Z Decoded Report[1] reveals that music is a major passion for Gen Z in Vietnam, with 64% highly engaged in it. Concerts are a popular way for Gen Z to connect, with those interested in music attending nearly two live events annually. A significant 95% of these fans show a strong interest in merchandise at live events, preferring clothing and posters, and they can easily purchase these items using debit cards and digital payments.[2] The K-Star Spark in Vietnam – presented by VPBank offers a unique opportunity to connect with this tech-savvy audience. Through this collaboration, Visa aims to enhance payment convenience, security, and speed, solidifying its leadership in digital payments. As the Official Payment Partner of this event, Visa adds to the excitement by offering an attractive promotion of a 10% discount on all Visa card purchases for event tickets through the official ticketing partner, available during the presale at 2:00 PM on May 20 th and the public sale at 2:00 PM on May 21 st.[3] "We are honored to be the Official Payment Partner for K-Star Spark in Vietnam – presented by VPBank. This sponsorship underscores Visa's dedication to supporting cultural and entertainment activities while engaging with Gen Z in Vietnam," said Ms. Dung Dang, Country Manager of Visa Vietnam and Laos. "By enhancing the concert experience with our seamless and secure digital payment solutions, we aim to provide fans with greater convenience and enjoyment. We believe this collaboration will not only contribute to the success of Ravolution Asia but also offer our clients with sponsorship opportunities on an international scale. This marks a significant step forward in Visa's sustainable development journey with its partners in the Asian market." In recent years, by aligning with our consumers' passion points, Visa has actively engaged in sponsorships across both music and sports. The K-Star Spark in Vietnam – presented by VPBank marks the first in a series of five music events in 2025 by Ravolution Asia that Visa is collaborating on. [1] Visa's Gen Z Decoded Report, commissioned by Visa's Asia Pacific Insights & Analytics team, involved interviewing Gen Z consumers in Vietnam as part of a qualitative study. [2] Same report as above. [3] Terms and conditions applied – Cticket | Offers | Visa. Hashtag: #RavolutionAsia The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa
Malay Mail
21-05-2025
- Entertainment
- Malay Mail
Visa announces its role as Official Payment Partner for K-Star Spark in Vietnam
Global payment leader joins forces with Ravolution Asia to engage Gen Z and Millennials in Vietnam's vibrant K-Pop scene. K-Star Spark Mega Concert 2025: G-Dragon, CL, DPR IAN, TEMPEST, and tripleS. 10% discount on all Visa card purchases for event tickets through [1] Visa's Gen Z Decoded Report, commissioned by Visa's Asia Pacific Insights & Analytics team, involved interviewing Gen Z consumers in Vietnam as part of a qualitative study. [2] Same report as above. [3] Terms and conditions applied – Cticket | Offers | Visa HCMC, VIETNAM - Media OutReach Newswire - 21 May 2025 - Visa, a global leader in digital payments, has announced its role as the Official Payment Partner for the K-Star Spark in Vietnam – presented by VPBank , set to take place on June 21, 2025, at My Dinh National Stadium in Hanoi, Vietnam. The K-Star Spark in Vietnam – presented by VPBank, organized by Ravolution Asia and with VPBank as the Title Sponsor, offers Vietnamese youth a chance to immerse themselves in the world of K-Pop. The lineup includes renowned artists like G-Dragon, CL, DPR IAN, TEMPEST, and collaboration with Ravolution Asia , a leading music festival organizer, marks Visa's first local music sponsorship in Vietnam, demonstrating its commitment to connecting with Gen Z and Millennials through their love for Gen Z Decoded Report[1] reveals that music is a major passion for Gen Z in Vietnam, with 64% highly engaged in it. Concerts are a popular way for Gen Z to connect, with those interested in music attending nearly two live events annually. A significant 95% of these fans show a strong interest in merchandise at live events, preferring clothing and posters, and they can easily purchase these items using debit cards and digital payments.[2]The K-Star Spark in Vietnam – presented by VPBank offers a unique opportunity to connect with this tech-savvy audience. Through this collaboration, Visa aims to enhance payment convenience, security, and speed, solidifying its leadership in digital payments. As the Official Payment Partner of this event, Visa adds to the excitement by offering an attractive promotion of a 10% discount on all Visa card purchases for event tickets through , the official ticketing partner, available during the presale at 2:00 PM on May 20and the public sale at 2:00 PM on May 21.[3]"We are honored to be the Official Payment Partner for K-Star Spark in Vietnam – presented by VPBank. This sponsorship underscores Visa's dedication to supporting cultural and entertainment activities while engaging with Gen Z in Vietnam," said. "By enhancing the concert experience with our seamless and secure digital payment solutions, we aim to provide fans with greater convenience and enjoyment. We believe this collaboration will not only contribute to the success of Ravolution Asia but also offer our clients with sponsorship opportunities on an international scale. This marks a significant step forward in Visa's sustainable development journey with its partners in the Asian market."In recent years, by aligning with our consumers' passion points, Visa has actively engaged in sponsorships across both music and sports. The K-Star Spark in Vietnam – presented by VPBank marks the first in a series of five music events in 2025 by Ravolution Asia that Visa is collaborating #RavolutionAsia The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
Yahoo
14-03-2025
- Business
- Yahoo
VP Bank Group reports 58% drop in net profit in 2024
Liechtenstein-based VP Bank Group has reported a net profit of SFr18.5m ($20.9m) in 2024, down 58.2% from SFr44.2m ($50.07m) in the previous year. Excluding SFr11.2m ($12.6m) in restructuring and one-off costs, the bank's net income was 37.3% lower than in 2023. Its operating income declined 9.3% to SFr330.5m ($374.4m) in 2024 from SFr364.4m ($412.3m) in 2023, driven by a 23.5% drop in net interest income, though the impact eased in the second half of the year. VP Bank's operating expenses fell 1.7% to SFr308.3m from SFr313.5m in 2023, including SFr7.3m in restructuring costs and SFr3.9m in one-off pension fund expenses. Excluding these, costs declined by 5.2%. As of 31 December 2024, the bank's client assets under management reached SFr50.7bn, up 9.5% from the end of 2023. VP Bank's total assets declined 7.1% year-on-year to SFr10.6bn. As of December 2024, current assets totalled SFr1.9bn, with SFr0.9bn held in deposits at the Swiss National Bank. At the end of 2024, client deposits totalled SFr8.9bn, down 5.9% from the previous year. VP Bank Group CEO Urs Monstein said: 'The measures to improve earnings and costs are beginning to take hold. In a challenging environment, however, we still have a lot to do to exploit our potential. 'VP Bank has a diversified business model in markets with good growth prospects. With broad-based earnings, we aim to generate sustainable added value and grow profitably.' VP Bank is implementing measures to enhance efficiency and drive growth, aiming to achieve at least SFr20m in savings by 2026. At the end of 2024, the cost/income ratio stood at 93.3%. The bank streamlined operations, reduced redundancies, simplified its product and pricing structure, and exited Hong Kong for economic reasons. As a result, headcount decreased by 6.1% to 945 full-time positions. In November 2024, VP Bank named Urs Monstein as group CEO after serving as interim head since May 2024, following an internal and external evaluation. "VP Bank Group reports 58% drop in net profit in 2024" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
