UOB charges ahead with its sustainability focus in the Year of the Ox

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    15 January 2021

    Lunar New Year programme reinforces the Bank’s commitment to forging a sustainable future for all

    In just five steps, UOB customers can send an auspicious e-hongbao safely to their loved ones through UOB Mighty 

    In just five steps, UOB customers can send an auspicious e-hongbao safely to their loved ones through UOB Mighty

    This Lunar New Year, UOB is making it simple, safer and smarter for customers to do their part for the environment. Be it through the Bank’s customised e-hongbaos for customers who prefer the convenience and safety of digital transactions or its red packet recycling drive for environmentally-conscious consumers, UOB is making it easier for customers to go digital and to celebrate sustainably this Lunar New Year.        

     

    Given the popularity of its previous red packet upcycling campaign among consumers who wanted to dispose of their used red packets sustainably, the Bank will extend this year’s recycling drive from 1 February to 31 December 2021. Customers simply need to drop their used or unwanted red packets at any of the designated 42 UOB branches island-wide. UOB’s recycling programme is also in line with the Bank’s latest sustainability campaign which focuses on forging a sustainable future for all through its holistic green efforts.

     

    Ms Jacquelyn Tan, Head of Group Personal Financial Services, UOB, said, “At UOB, we are always looking at how we can bring together our colleagues, customers and community to help the environment. During this festive period of renewal, we designed our Lunar New Year programme to make it simpler and smarter for our customers to go green. From holding a year-long recycling drive for consumers to dispose of their hongbao envelopes sustainably to minimising our collective carbon footprint by enabling digital red packets, we hope to encourage more to join us as we forge a sustainable future for the next generation.”

     

    UOB red packets are made of environmentally-friendly paper and its packaging is without single-use plastic. Through the contribution of consumers last year, the Bank collected and converted 1,000kg of used red packets into 20 functional tables which were gifted to eight charitable organisations. Red packets that are collected in 2021 across UOB’s branch network will be recycled responsibly through a certified recycler.

     

    More information on UOB’s Lunar New Year sustainability programme can be found at uob.com.sg/lny.

     

    Minimising environmental footprint with e-hongbaos

    As families and friends celebrate the Year of the Ox within COVID-19 safe measures, UOB is giving customers the option to gift digital red packets or e-hongbaos to their loved ones simply by logging onto the Bank’s award-winning all-in-one mobile banking app UOB Mighty. They can do so through two contactless ways: by using PayNow or by scanning the QR code generated within the recipient’s mobile banking app of participating banks.

     

    The joy of receiving an e-hongbao can be experienced not just by those with mobile phones, but for any child with a UOB Joint Savings Account with their parents or a UOB Child Development Account. Parents simply need to register the account to receive PayNow transfers via SMS using their child’s birth certificate number or NRIC number.1

     

    As part of UOB’s sustainability drive to accelerate the adoption and use of digital red packets, the Bank will give $8 to the first 388 UOB customers who register their account for PayNow from 12 to 26 February 2021. Eighty-eight customers will also stand a chance to win $188 when they send e-hongbaos to their friends and family using UOB Mighty during this period.2

     

    A bull year for e-hongbaos

    Recognising that many UOB customers look forward to the thoughtful and auspicious zodiac designs of UOB’s red packets, the Bank is launching a specially designed Year of the Ox festive graphic on 11 February 2021 for customers to add a personal touch to their e-hongbaos. Inspired by the Bank’s 40th UOB Painting of the Year commemorative artwork, the festive graphic features the Charging Bull which signifies the passion and perseverance one needs to forge ahead and is designed by Aaron Gan, the Gold award winner of the 2015 UOB Painting of the Year (Singapore), Established Artist Category. In keeping with Lunar New Year traditions, UOB customers can also customise their e-hongbaos to include auspicious greetings. 


    1 Send an SMS to 71423 following this format: PAYNOW ‹space› your child’s full alphanumeric characters of Birth Certificate/NRIC ‹space› last 4 digits of the Joint savings/CDA account number ‹space› NRIC

    2 Every customer stands one chance with every $10 transaction. PayNow UEN transactions are excluded.

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    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 forging a sustainable future through working with its stakeholders to create positive environmental impact, fostering social inclusiveness 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.

     

    For media queries, please contact media@uobgroup.com 

    UOB Newsroom

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