One World Ventures, Inc. to Expand 1World Card Program in Vietnam
LAS VEGAS, Jul 29, 2009 (BUSINESS WIRE) -- One World Ventures, Inc. (PINKSHEETS: OWVI), a provider of prepaid cards, today announced that the Company has expanded their global relationship to include new 1World Card Programs in countries and territories throughout Asia Pacific and now in Vietnam. The Company is pleased to announce that it has identified, through negotiations, a new Global partner in Vietnam.
Vietnam has only issued around 10 million debit and credit cards as of December 2008, and the country has over 86 million citizens. After a decade of reforms, Vietnam's economy is growing more than 7% a year, lifting incomes and reducing poverty. According to the World Bank, "the economic reforms have paid off." Vietnam's per capita income in the past 10 years has more than doubled.
"This deal expands the relationship between two companies in some of the fastest-growing areas in the world. We are delighted to enhance our partnership and extend products to new and existing customers across multiple geographies. Importantly, this agreement delivers on our strategy to expand 1World Cards global product offerings as we seek to further the migration from cash and check payments in Vietnam," said Steve Prior, CEO of One World Ventures, Inc