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UOB, Lazada sign MOU to collaborate on co-branded cards, loans to merchants

Jovi Ho
Jovi Ho • 3 min read
UOB, Lazada sign MOU to collaborate on co-branded cards, loans to merchants
Frederick Chin, head of group wholesale banking and markets, UOB and James Dong, CEO of Lazada Group at the signing of the MOU. Photo: UOB, Lazada
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United Overseas Bank (UOB) (SGX:U11) and Lazada Group have signed a memorandum of understanding (MOU) to collaborate on retail products and banking solutions for their combined customer base in Singapore, Malaysia, Indonesia, Thailand and Vietnam.

UOB will offer its new customers Lazada cashback vouchers worth up to $200 as a welcome gift, says the bank on April 17.

The regional strategic partnership will also help e-commerce merchants on the Lazada platform access financing.

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