Treasure Global Announces Strategic Partnership With AmBank To Expand Consumer Reach, Supporting Regional Expansion Plan
25 Maio 2023 - 9:30AM
Treasure Global Inc (NASDAQ: TGL) (“Treasure Global,” or
the “Company”), an innovative technology solutions
provider, today announced it has signed a strategic partnership
agreement with AmBank Group Berhad (“AmBank”), one of the largest
financial services groups in Malaysia, allowing for a wider
customer reach and supporting its future regional expansion by
leveraging AmBank’s customer base of credit card users. Under the
partnership agreement, TGL will offer rewards through promotional
campaigns for users on its proprietary application, ZCITY, when
they use AmBank credit cards for payments on the app, driving
additional users to ZCITY and increasing its brand exposure.
“Through this strategic collaboration, TGL is able to expand its
product portfolio while providing more rewards options for ZCITY
registered users. This aligns with our ultimate goal of
transforming and simplifying the e-payment experience for consumers
with a one-stop digital ecosystem, while simultaneously allowing
them to earn rewards,” said Sam Teo, Chief Executive Officer of
TGL.
“TGL is making significant strides in realizing our vision of
generating a fully-fledged reward ecosystem that widely adopts
technology and an advanced digital payment solution. By entering
into strategic partnerships with leading companies throughout the
region that support the offerings of our entire digital platforms,
TGL is able to widen its reach, driving user acquisition and brand
exposure,” concluded Mr. Teo.
About AmBank
AmBank Group Berhad is a leading financial services group with
over 40 years of expertise in supporting Malaysia's economic
development. AmBank has over three million customers and employs
over 9,000 employees. AmBank is the sixth-largest banking group,
with a market capitalisation of more than RM12 billion as of 31
March 2022. AmBank provides services in wholesale banking, business
banking, retail banking, investment banking and related financial
services, which include Islamic banking, general insurance, life
insurance, family takaful, stock and share broking, futures
broking, investment advisory and management services in assets,
real estate investment trust and unit trusts.For more
information, please visit https://www.ambankgroup.com/
About Treasure Global IncTreasure Global is a
Malaysian solutions provider developing innovative technology
platforms. Treasure Global has developed two technology solutions:
the ZCITY App, a unique digital ecosystem that transforms and
simplifies the e-payment experience for consumers, while
simultaneously allowing them to earn rewards; and TAZTE, a digital
F&B management system providing merchants with a one-stop
management and automated solution to digitalize their businesses.
Treasure Global also acts as a master franchiser in SEA for popular
restaurant chains, while providing them with the TAZTE solution. As
of April 30, 2023, ZCITY had over 2,400,000 registered users.
For more information, please
visit https://treasureglobal.co/
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements are characterized by
future or conditional verbs such as “may,” “will,” “expect,”
“intend,” “anticipate,” “believe,” “estimate” and “continue” or
similar words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s registration statement
and preliminary prospectus for the Company’s initial public
offering filed with the SEC. Copies of these documents are
available on the SEC’s website, www.sec.gov. These forward-looking
statements cannot be predicted or quantified and consequently,
actual results may differ materially from those expressed or
implied by such forward-looking statements. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
For further information, please contact:
U.S. Investor ContactPhil CarlsonKCSA Strategic
Communicationsir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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