Virtual Banking
Deep Diving into The Virtual Banking Scene in Hong Kong
Imagine a world where you can access all your banking needs at your fingertips without ever having to step into a physical branch. That’s the promise of virtual banks in Hong Kong – a new breed of digital-only financial institutions
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ZA Bank Leverages Technology to Expedite Loan Approvals for Global Payments Merchants
ZA Bank has launched a new business loan in collaboration with Global Payments Asia-Pacific (Hong Kong) Limited, a subsidiary of Global Payments. This partnership allows eligible merchants within the Global Payments ecosystem to quickly and easily obtain ZA Bank’s pre-approved
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ZA Bank Launches Banking Services for Stablecoin Issuers
ZA Bank has announced the launch of its dedicated banking services for stablecoin issuers, a significant advancement in its commitment to the Web3 financial sector. This service is designed to provide secure banking solutions for stablecoin issuers’ fiat reserves, further
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ZA Bank’s Risk Prevention Tech Thwarts HKD 4 Billion Fraud, Earns Award from Police
Hong Kong’s virtual bank ZA has reported a 400% improvement in its risk control and cybersecurity capabilities through the use of in-house developed systems. The bank’s proprietary systems now allow for real-time fraud monitoring of 100,000 transactions daily, a fourfold
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WeLab Digital Bank Unit in Indonesia Surpasses Half a Million Customers
Bank Saqu, the Indonesian digital bank developed through a strategic partnership between WeLab and Astra Financial, has reached the milestone of half a million new customers within the first three months of its operation. Simon Loong, Founder and Group CEO
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Mox Partners Wise to Launch New Remittance Offering
Mox Bank has launched Express Remit, a new service powered by Wise Platform, offering customers a streamlined and cost-effective way to transfer money internationally. This service enables Mox customers to transfer funds internationally directly through the Mox app, offering transactions
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Mox Bank Introduces Mox Invest for Enhanced Wealth Management
Mox Bank Limited has announced the rollout of Mox Invest, a new investment service available to its customers in Hong Kong. Mox Invest offers customers unprecedented access to the US and Hong Kong equities, as well as fund trading, setting
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Mox Bank Revises Savings Base Rate for HKD and USD Deposits
Mox Bank announces an update to its savings base rate, now offering a rate of 1.5 percent per annum for Hong Kong Dollar (HKD) deposits. This updated rate, which is 170 percent of the typical savings base rates of most
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Hong Kong Virtual Banks Struggle to Attract Deposits
Customer deposits are a critical pillar for virtual banks’ operations in Hong Kong, serving as a core foundation of their future growth and success. However, most Hong Kong virtual banks are facing challenges around their customer acquisition and deposit strategies,
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Mox Bank Offers U.S. and HK Stock Trading Through Beta Testing
Hong Kong’s virtual bank Mox has initiated a beta phase for its new investment service, Mox Invest. This initial phase sees the service being gradually introduced to existing customers through an invitation-only approach. Mox Invest offers the virtual bank’s users
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