PAObank, in which Ping An Insurance holds a stake, is marking its fifth anniversary with a new strategic partnership with China Ping An Insurance (Hong Kong) Company Limited (CPAIHK).
The collaboration seeks to integrate banking and insurance services, aiming to create greater value for customers through joint initiatives.
As part of this partnership, PAObank has introduced its first joint programme with CPAIHK, which includes a set of customer offers.
The initiative reflects PAObank’s approach of combining financial services with additional protection benefits, supported by what the bank refers to as its “insurance DNA.”
Ronald Iu, Chief Executive of PAObank, said:
“As a member of Ping An, PAObank is committed to integrating insurance into our banking services. Each company within the Group carries unique strengths, enabling us to create a ‘1+1>2’ experience for our customers. This collaboration with CPAIHK is just the first step in our strategic blueprint, aiming to build an integrated insurance and banking ecosystem where customers can fulfil their financial needs within a single app.”
Kelvin Cheung, Managing Director of CPAIHK, added:
“CPAIHK consistently leverages the Group’s integrated financial platform to deliver warm financial services. We are delighted to deepen our collaboration with PAObank, integrating insurance and banking services to provide our customers with superior wealth management and protection solutions.”
To mark the anniversary, PAObank is offering incentives that combine banking services with insurance coverage.
Customers who complete a series of account-related activities by September 30 can qualify for cash rewards.
In addition, new eligible retail banking customers who open an account using the referral code 【PAOBPR】 will receive travel insurance provided by CPAIHK, as well as preferential time deposit rates.
CPAIHK customers who open a PAObank account are eligible for enhanced rates.
Featured image credit: Edited by Fintech News Hong Kong, based on image by rawpixel.com via Freepik
