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Singapore bank UOB and South Korea’s Woori Card announce pioneering reciprocal card partnership

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UOB reinforces leadership position in travel and entertainment through strengthening its partnership ecosystem to offer exclusive privileges to its ASEAN customers

SINGAPORE, July 17, 2024 /PRNewswire/ — Singapore bank UOB and leading South Korean card company Woori Card, a subsidiary of Woori Financial Group, today announced the signing of a Memorandum of Understanding (MoU) on a groundbreaking reciprocal card partnership, where cardholders from each company are able to enjoy card privileges from the other in their respective key operating regions.

Under this partnership, a first between an ASEAN and a South Korean financial institution, UOB credit and debit cardholders across ASEAN who are travelling to South Korea can enjoy privileges that Woori Card cardholders are entitled to at relevant local merchants. In reciprocation, Woori Card’s close to 12 million cardholders who visit Singapore, Malaysia, Thailand, Indonesia and Vietnam will be able to partake in selected UOB cardholder privileges as well.

Both companies will study their respective cardholder spends in each other’s countries to pick out the merchant privileges that are most desirable to their customers, with categories such as retail, dining, tourist attractions, travel and accommodation in focus. Some merchants who have already expressed interest in participating include fashion retailer Club 21, COMO Group dining establishments and Singapore’s Marina Bay Sands, together with South Korea’s Shinsegae Duty Free and SPC Group, renowned for their food and beverage chains such as Paris Baguette, Baskin Robbins and Shake Shack. The full list of merchant privileges under the reciprocal partnership will be announced in the coming months.

UOB and Woori Card Mastercard holders will be able to partake in this groundbreaking collaboration by the fourth quarter of 2024, in time for the year-end travel season, with Visa cardholders expected to join in the near future.

“Travel has seen a dramatic surge especially in the years following the COVID-19 pandemic, as part of a broader trend of consumers prioritising spending on experiences. South Korea consistently ranks among the top destinations our customers love to visit, and our reciprocal partnership with Woori Card enables them to enjoy the best deals and privileges like a local in South Korea, while promoting Singapore and ASEAN as destinations of choice for South Koreans,” said Ms Jacquelyn Tan, Head, Group Personal Financial Services, UOB.

“We thank Woori Card for embarking on this pioneering reciprocal partnership with us, with the mutual strength of our card offerings giving our cardholders benefits that are greater than the sum of its parts. This reciprocal partnership underscores UOB’s commitment to serving the lifestyles and preferences of its customers via the travel and entertainment pillars of its cards strategy.”

“We are thrilled to make this announcement together with UOB. We strongly believe that this strategic alliance will increase our customers’ satisfaction as they enjoy various merchant privileges at their favourite travel destinations, provided by UOB,” said Andrew Park, Chief Digital Officer and Head, Group of Platform Business, Product Innovation and IT, Woori Card.

South Korea as preferred travel destination for UOB cardholders

UOB’s reciprocal card partnership idea was coined following UOB data showing South Korea as a preferred travel destination for the Bank’s ASEAN cardholders. South Korea is the most popular Asia Pacific destination[1] for UOB cardholders across ASEAN based on foreign exchange spend last year. Singapore cardholders spent the most in South Korea in 2023, followed by their Thai and Malaysian peers. In terms of growth momentum for overseas UOB card spend, South Korea ranked second globally last year, clocking a 60 per cent surge year-on-year. Card spend growth was most pronounced among Indonesia cardholders, with Malaysia and Singapore cardholders coming second and third respectively.

“Through this partnership, Woori Card is committed to provide the most relevant merchant offers to UOB cardholders visiting South Korea. By leveraging our ongoing partnerships with key merchants most visited by UOB cardholders, we are planning to develop tailored merchant offers and a seamless fulfilment process for UOB cardholders,” said Woori Card’s Andrew Park.

On a broader level, surveys have shown South Korea as being among the top five travel destinations Singaporeans wanted to visit[2] last year. Statistics from the Singapore Tourism Board (STB) released in February this year also showed that South Koreans were among the top 10 international visitor arrivals to Singapore last year, spending over half a billion Singapore dollars in tourism receipts here. Furthermore, South Korea was the second-largest source of non-ASEAN visitors to the region in the first half of last year, contributing 8.1 per cent of all arrivals and just 0.1 per cent behind China[3].

Reinforcing UOB’s and Woori Card’s leadership position in travel and entertainment

This reciprocal partnership underscores UOB’s and Woori Card’s commitment to serving the lifestyles and preferences of the two companies’ customers via the travel and entertainment pillars of its cards strategy, and is anticipated to provide knock-on boosts to Singapore’s, South Korea’s and ASEAN’s tourism industries.

Among the four key spending pillars of shop, dine, travel and entertainment, the latter two grew the fastest in terms of card billings among UOB cardholders year-on-year during the first quarter of this year. Travel spend grew 23 per cent, with cross-border billings also rising by 20 per cent, while spending in the entertainment category more than tripled during the same time period.

In terms of acquiring merchants[4], total spend across VISA and Mastercard credit and debit cards grew almost nine per cent year-on-year in the first quarter of this year. Foreign-registered cards led the charge with a surge of over 16 per cent, more than double domestic card billings at 7.5 per cent growth, likely due to the influx of tourists into Singapore on the back of multiple world-class entertainment acts and events including the Taylor Swift | The Eras Tour[5], Ed Sheeran’s + – = ÷ × Tour[6], and the first-of-its-kind tripartite partnership between UOB, STB and the Marina Bay Sands. Another point of note was that while domestic card billings grew 7.5 per cent, Singapore UOB cardholder spend outpaced this figure, surging by close to 20 per cent.

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

About Woori Card

Woori Card was established in April 2013 by spinning off Woori Bank* to strengthen its business capabilities in the credit card sector and enhance competitiveness in the non-bank sector within Woori Financial Group.

Based on its extensive network and customer base, Woori Card is pursuing an optimized business strategy as a credit card company affiliated with the financial group, and is also actively promoting new businesses to secure new growth engines.

With the vision of being a financial company that creates tomorrow’s value with today’s innovation, we continue to develop products and services that meet customer needs first, and are establishing a firm position in the market through active business alliances with partners in various industries.

*Woori Bank

Woori Bank was established in 1899, with 25.5 million customers, 580 networks in 24 countries, and 711 branches in Korea.

[1] Excluding the five ASEAN countries UOB has a presence in, namely Indonesia, Malaysia, Singapore, Thailand and Vietnam
[2] Based on surveys by Google (2023) and National Association of Travel Agents in Singapore (2023)
[3] Data from ASEAN Statistical Brief (2023)
[4] Merchants who have chosen UOB to process credit and debit card transactions for them.
[5] UOB is the Official Bank and Presale Partner for the Taylor Swift | The Eras Tour in Singapore.
[6] UOB is the Regional Presenting Sponsor of the Ed Sheeran: + – = ÷ × Tour in Singapore, Indonesia, Malaysia and Thailand.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/singapore-bank-uob-and-south-koreas-woori-card-announce-pioneering-reciprocal-card-partnership-302197823.html

SOURCE United Overseas Bank

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This year’s 22nd Latinas & Power Symposium to Feature a Powerful line-up of Speakers that includes a Latina Billionaire Entrepreneur, a Latina actress and influential Latina leaders

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The Event will also now serve as fundraiser for its ‘Latinas in Leadership Institute’

HARTFORD, Conn., May 14, 2025 /PRNewswire/ — The 22nd Annual Latinas & Power Symposium boasts a powerful line-up of Latina speakers from across the country as well as inspiring local figures. Together, they will deliver a compelling message of inspiration and resilience, encouraging attendees to transcend boundaries and embrace their potential. This dynamic gathering aims providing tools and resources that enable Latinas to rise beyond limits, cultivating a lasting sense of community that endures well beyond the symposium.

This year, the Symposium has expanded its mission to include serving as a fundraising platform for the organization’s ‘Latina Leadership Institute’ (LiLi). A portion of the proceeds from the day’s events and activities will provide scholarships for participants who wish to join the program but face financial barriers.

With a theme of ‘Beyond Limits, Resilience, Confidence and Inspiring Leadership’ the Symposium will take place May 29th in Hartford at the Connecticut Convention Center and will be recorded for their YouTube channel.

Latinas & Power Corp. CEO, Marilyn Alverio stated, “The Symposium attracts an estimated 700 Latinas yearly from across Connecticut and surrounding states and during the past few years we’ve had attendees joining us from Miami, Chicago and Los Angeles. It is clear there is a need for these types of events where Latinas on a career track, entrepreneurs and our allies’ benefit from a unique platform for networking and collaboration. Attendees can look forward to a day filled with inspiring speakers, engaging panels, five breakout sessions, and this year the vendor marketplace sold out weeks in advance, featuring 40+ vendors”.

The annual and dynamic Latina Power Panel will tackle the critical issue of Latina underrepresentation across various sectors in the U.S. This engaging discussion will draw insights from the latest Lean In report, “The State of Latinas in Corporate America,” and will feature:

Carolyn Aronson, who is of Puerto Rican descent and the Founder & CEO of ‘It’s A Ten” a global hair product brand.Lisa Vidal, an American actor who has starred numerous films, Lifetime and BET drama series and founder of Hollywood based Latinas Acting Up.Elizabeth Flores. VP of News @ NBC10-Telemundo62, Philadelphia-NBC Universal-Comcast.Daisy Auger Dominguez. Author, Public Speaker. Cross Sector Global leader.

Additional National speakers are:

Theresa Gonzales, CEO of Latinasb2b.marketing and the Latinas from The Block to The Boardroom Podcast.Ellie Nieves, President & CEO of Leadership Strategies for Women.

Local Leaders
Connecticut’s own inspirational Latina Speakers include Yvette Melendez, President and Founder of YMR Consulting, Madeline Negron, Superintendent, New Haven Public Schools, Maly Rosado, Founder of Connecticut Latinas in Politics (CLIP) and Migdalia Cruz, Lead Volunteer – State and National, AARP. Joining them is Larisa Kottke, CEO Leadership Greater Hartford and Tanu Rishi, Financial Literacy Educator and Founder of FiWe (Financial Wellness).

The Latinas in Leadership Institute is a dynamic virtual platform that provides a comprehensive six-month certificate program aimed at developing leadership and advocacy skills. Beginning with a three-day retreat to build community, participants engage in facilitator-led coursework, assess their individual strengths, and learn from subject matter experts on social justice issues affecting the Latino community. Throughout the program, participants explore their personal leadership and communication styles, as well as their inclusive leadership approaches. This holistic training provides tools and resources that enable them to become more effective leaders and managers, positioning them for future growth opportunities.

The Institute’s program provides an enriching 12-week series of sessions focused on cultivating a growth mindset, embracing authenticity, enhancing leadership influence, and fostering civic engagement. Throughout the program, participants will benefit from expert speakers covering essential topics such as negotiation skills and personal branding on LinkedIn. The program concludes with a comprehensive three-month capstone research project, exploring critical areas like financial literacy and wealth management, educational disparities, and health equity.

The highly successful LiLi program is currently in its 4th cohort, to date 58 Latinas from all career levels have participated. For more details and to apply, please visit the link below:

https://www.latinasandpower.com/institute/latinas-in-leadership/about-lili

As we have since our first Symposium in 2004, we are inviting 100 high school students from under-resourced schools. This year, the students will be joining us from Wallingford, New Britain, Waterbury and New Haven.

A special thank you goes out to our title sponsor, Liberty Bank and our presenting sponsors: AARP, It’s A 10, Travelers and CT Public Television.

About Latinas & Power and its programs

Latinas & Power was Founded in 2004 as a network of like-minded Latinas searching a place where they could connect from a cultural and background perspective. The first Latinas & Power Symposium held that same year, became an annual event. For the past 22 years, the event has made a significant impact on thousands of Latina professionals nationwide by emphasizing skills development, success strategies, entrepreneurship, and personal growth. The organization achieves its mission through four core programs

The Latina Leadership Institute – A comprehensive program designed to cultivate leadership skills among Latina professionals.The Annual Symposium – A flagship event that brings together Latina leaders and aspiring professionals for networking, learning, and empowerment.La Mesa Latina – An online community that connects Latinas across the country to discuss relevant topics, share insights on products and services, identify job opportunities, and provide small business owners with a platform to promote their offerings through La Marqueta, a virtual marketplace.Latina & Power Webinars – Engaging online sessions focused on leveraging social media for professional growth and business success.

Through these initiatives, the Latinas & Power Symposium continues to foster a supportive environment that elevates the Latina experience and inspires them to continue thriving in their careers and communities.

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SOURCE Latinas & Power Corp

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TARA Media and Triton Digital Partner to Enhance Programmatic Audio Advertising

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Adding Programmatic Audio to TARA Media Buying Platform Optimizes Advertisers’ Access to Streaming Audio Inventory

CHICAGO, May 14, 2025 /PRNewswire/ — As advertisers seek to capitalize on the growth of streaming audio, TARA Media, a full service, data-driven marketing agency, is excited to announce its integration with Triton Digital, the global technology and services leader in the digital audio, podcast, and broadcast radio industries. The partnership expands programmatic audio advertising for marketers and advertisers within the TARA Media Buying Platform enhancing strategic omnichannel capabilities.

“Triton Digital is an audio media market leader and we are proud to offer TARA Media’s brand and agency clients unique access to Triton’s programmatic audio inventory alongside other programmatic media channels while maintain household level-targeting within the platform,” said Jeffrey Kaplan, CEO of TARA Media. “This helps streamline media buying for advertisers eliminating the need to go multiple suppliers for each media channel.”

TARA Media’s robust Media Buying Platform maximizes advertiser transparency, precision and performance across multiple channels—including CTV, OTT, Online Video, Display, and Native advertising—with advanced targeting and data-driven insights.

“The power of audio in today’s media market is only growing as advertisers want network-level access to the leading audio inventory,” said Rebecca Dalby, VP of Demand at Triton Digital. “We are excited to enable TARA Media to connect its brand and agency clients with direct access to high-quality, brand-safe audio inventory as a part of their omnichannel media buying platform.”

About Triton Digital 
Triton Digital® is the global technology and services leader to the digital audio, podcast, and broadcast radio industries. Operating in more than 80 countries, Triton provides innovative technology that enables broadcasters, podcasters, and online music services to build their audience, maximize revenue, and streamline their day-to-day operations. In addition, Triton powers the global online audio industry with Webcast Metrics®, the leading streaming audio measurement service and Podcast Metrics, one of the first IAB certified podcast measurement services in the industry. With unparalleled integrity, excellence, teamwork, and accountability, Triton remains committed to connecting audio, audience, and advertisers to continuously fuel the growth of the global audio industry. For more information, visit www.TritonDigital.com.

About TARA Media
TARA Media Strategies is a full-service marketing agency that taps into a unique combination of technology, data and media expertise to design and execute outcome-driven digital media campaigns for agencies, brands and nonprofits. Helping navigate today’s complex marketing ecosystem, TARA Media’s digital ad programs fuel growth through creative campaigns built on comprehensive audience data and executed through a proprietary all-in-one media buying platform that offers unrivaled affordability, speed and transparency. Founded in 2017, TARA Media is a business-unit of holding company TARA Group. For more information, visit www.tara.media.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tara-media-and-triton-digital-partner-to-enhance-programmatic-audio-advertising-302454175.html

SOURCE TARA Media

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Teamwork Commerce’s Clint Ridenour to Speak at Future Stores 2025

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TAMPA, Fla., May 14, 2025 /PRNewswire/ — Teamwork Commerce, a global retail management and leading omnichannel solution, has today announced that Clint Ridenour, Technical Services Director and Client Success Manager, will be speaking at Future Stores 2025, featured on the event’s day one panel, Making the Store Your Best Customer Engagement Tool. The session takes place on June 4, 11:20am11:50am at the event. With a deep history of driving retail customer success through technology, Clint will discuss the importance of showcasing brands through store design, boosting customer engagement and creating meaningful interactions.

“I focus on helping retailers turn complex challenges into actionable strategies that drive measurable results.”

Future Stores 2025 focuses on bridging digital and in-store experiences. The event will feature case studies, panels, and tech demonstrations, exploring experiential retail, omnichannel strategy, and cutting-edge store design. The event brings together senior retail executives to explore the evolving role of physical stores, with a range of high-profile speakers from some of the world’s biggest retailers and technology companies.

Physical retail isn’t just about transactions. It is about experiences. Featured on the panel alongside fellow retail thought leaders, Clint will explore how successful retailers use their stores to immerse customers in the brand and create a seamless journey through omnichannel integrations. He will highlight the importance of fostering a sense of community within stores to understand what consumers want, and the role in which Teamwork Commerce plays in the transformation for meaningful customer interactions.

Clint Ridenour, Technical Services Director and Client Success Manager, Teamwork Commerce said: “My true passion lies in bridging the gap between retail operations and cutting-edge technology solutions that not only meet but exceed client expectations. I focus on helping retailers turn complex challenges into actionable strategies that drive measurable results. I’m looking forward to sharing my knowledge and insights during the Future Stores panel to empower and uplift retailers in their operational physical store strategies.”

The Teamwork Commerce solution is a powerful, unified technology stack designed to empower retailers worldwide and meet the needs of the ever-changing retail landscape. Teamwork Commerce will be located at booth 7 featuring its RFID-Powered Self-Checkout and Enterprise Point-of-Sale (POS) and Order Management System (OMS). Teamwork Commerce’s RFID-Powered Self-Checkout solution allows customers to complete their checkout transactions within seconds, automatically scanning items with unparalleled accuracy. This enables retailers to delivery top-tier customer experiences and enhance consumer satisfaction.

About Teamwork Commerce
Teamwork Commerce is a flexible tech stack for retailers that includes POS, OMS, Clienteling, Inventory Control and Reporting – a cloud-based system that is constantly evolving to provide cutting-edge technology to meet the needs of the ever-changing retail landscape. With Teamwork’s omnichannel solution, retailers gain a deeper understanding of their customers to provide personalised experiences through invisible technology. Trusted by top retailers globally including Moose Knuckles, Colorado Rockies, Asics, Milwaukee Bucks, Catbird and Paul Stuart. Learn more at https://www.teamworkcommerce.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/teamwork-commerces-clint-ridenour-to-speak-at-future-stores-2025-302453989.html

SOURCE Teamwork Commerce

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