In a city where speed and efficiency are key, digital banks in Hong Kong are quickly becoming the go-to choice for tech-savvy consumers. But what exactly sets these banks apart from traditional ones?
In this guide, we dive into the complete list of digital banks in Hong Kong, spotlighting their milestones, innovations, and product features.
Last Update: 17 June 2026
List of Digital Banks in Hong Kong
1. EleBank
EleBank (formerly Airstar Bank) is a digital bank in Hong Kong with Futu Group and Xiaomi Corporation as key shareholders.
The bank aims to deliver simple and flexible all-in-one financial services, which include insurance, lending, financing and payments. It is also exploring ways to integrate fintech within its wealth management solutions. Its website indicates that transfers, loans, and foreign currency exchanges can all be completed via its app.
2. Ant Bank
Ant Bank, a subsidiary of Ant Group, delivers a wide range of products for retail customers, ranging from demand deposit accounts to Ant Pay Later and securities trading.
Meanwhile, enterprises can apply for SME loans which can run up to HK$ 5 million without the need for collateral.
3. Fusion Bank
Fusion Bank is backed by Tencent, ICBC, and a number of other key investors. In December 2025, Fusion Bank, SF Digits, and WeBank collaborated to launch an inventory financing solution, aiming to help SMEs attain their global reach.
The bank also successfully executed a live FX exchange use case with tokenised deposits via Ensembleᐪˣ, a pilot phase of HKMA’s Project Ensemble, with The Bank of East Asia (BEA) and the expertise of WeBank Technology Services.
4. Livi Bank
Livi Bank is supported by the trio of Bank of China Hong Kong (Holdings), the Jardine Matheson Group and JD Technology.
The digital bank launched “Money Safe” in December 2025 in a bid to protect and retain banking customer funds from scams and fraudulent transactions, with a minimum locked threshold for each request at HK$10,000 or its equivalent.
5. Mox Bank
Mox Bank is backed by Standard Chartered and is also in partnership with HKT, PCCW and Trip.com. The bank introduced a regulated crypto trading service in Jan 2026.
At the time of announcement, Mox Bank shared that the new service within its Mox Invest platform would enable customers to buy and sell Bitcoin and Ethereum directly with real-time quotes.
6. Ping An Digital Bank
Ping An Digital Bank is a subsidiary of Lufax Holding Ltd and a member of Ping An Insurance (Group) Company of China, Ltd.
The bank unveiled its new wealth service in March 2026, featuring a “dual-advantage wealth solution” which allowed customers to switch between investing and earning interest.
7. WeLab Bank
WeLab Bank is a homegrown virtual bank which is a wholly owned subsidiary of WeLab Holdings Limited. WeLab launched a multi-currency debit card with Mastercard in January 2026, the first digital bank in Hong Kong to do so.
The card lets customers exchange up to 11 major currencies via the WeLab Bank app at cost price, or alternatively lock in their preferred FX rates.
8. ZA Bank
ZA Bank, Hong Kong’s first licensed virtual bank, is a subsidiary of ZA Global. In June 2025, ZA Bank and Industrial Bank launched a Southbound Wealth scheme. ZA Bank is said to be the first digital bank in Hong Kong to provide this cross-border investment option, where eligible investors in nine mainland cities of the Greater Bay Area (GBA) can complete their initial account setup through Industrial Bank.
Once this is done, users can operate a dedicated investment account directly via ZA Bank’s mobile app, enabling them to invest in eligible wealth management products in Hong Kong.
What’s the Current State of Digital Banks in Hong Kong?
Za Bank
ZA Bank announced that it achieved its first-ever full-year profit of HK$ 17 million. A few factors contributed to this milestone, including a net revenue growth by 63% YoY to HK$ 892 million, a surge in non-interest income by 278% YoY to HK$ 223 million, and a growth of Web3 corporate clients by 83% YoY.
With their focus on convenience, cost-efficiency, and cutting-edge technology, digital banks are increasingly attracting customers who demand greater flexibility and personalised services. However, as competition intensifies, traditional banks must adapt or risk losing their market share to these agile, tech-driven players.
In its LinkedIn announcement, ZA shared that one out of 7 Hongkongers now banks with ZA Bank.
livi Bank
livi bank reported a net profit of HK$21 million for 2025, sharing that its total operating income for the year increased 49% YoY to HK$327 million. The bank’s customer deposits also increased by 19% to HK$3.5 billion, while customer loans grew 49% to HK$2.9 billion.
livi bank intends to focus on expanding its financial services and fintech solutions to “support a more inclusive financial ecosystem.”
WeLab Bank
WeLab Bank, meanwhile, secured a first-half profitability mark for H1 2025, with a 35% YoY revenue growth to HK$942 million for the full year. The bank stated that its growth came from “disciplined credit decisions and improved funding strategies,” which pushed its net interest margin to 10.6%.
WeLab Bank intends to expand into new verticals, including equities and bancassurance, this year.
Mox Bank
Next, Mox Bank achieved Q1 breakeven for Q1 2026, with recent reports indicating that the bank has a customer base that exceeds 750,000 as of May 2026. Mox is equipping its staff with AI assistants to enhance operational capacity and aims to position itself as an AI-native institution as its product portfolio grows.
Fusion Bank
Fusion Bank has shown growth in 2025 as it capitalised on serving Mainland enterprises that sought to expand overseas. The bank’s total assets grew by 102% YoY to HK$16.2 billion, while its total deposits also rose 111% YoY to HK$14.6 billion.
Meanwhile, its non-performing loan ratio remained low at 0.4%. The bank aims to continue investing resources to serve traditional local SMEs to seize more market opportunities.
Ping An Digital Bank
Meanwhile, as of 15 March 2026, Ping An Digital Bank is reported to have retail deposits exceeding HK$12 billion, and recently introduced a new brand identity to reflect its focus on combining insurance and wealth services.
EleBank
Airstar recently rebranded its identity to Elebank to deliver a refreshed visual identity that is guided by its new brand proposition, “EleBank, Invest Wisely.” The bank aims to deliver a more intuitive, agile suite of one-stop financial solutions.
Ant Bank (Hong Kong)
Ant Bank, part of the digital banking arm of Ant Group, rolled out stock trading within its AlipayHK mobile application, marking a further push into Hong Kong’s retail brokerage market to capture a new investor segment.
The move is said to have come in weeks following Ant Group’s acquisition of a significant controlling stake in Bright Smart Securities.
FAQs
What are digital banks?
Digital banks operate exclusively online, offering banking services through mobile or web applications. They focus on convenience, low fees, and user-centric features.
How do digital banks differ from traditional banks?
Digital banks operate entirely online, offering services without the need for physical branches. They leverage technology to streamline banking processes, providing users with easy access to financial services through apps or websites. Unlike traditional banks, they often offer lower fees and faster customer support due to reduced overheads.
Are digital banks in Hong Kong regulated?
Yes, digital banks are authorised and regulated by the Hong Kong Monetary Authority (HKMA) under its “Guideline on Authorisation of Virtual Banks.” That said, it is imperative that you only use regulated digital banks under the HKMA, which are WeLab Bank, ZA Bank, livi Bank, Fusion Bank, Ant Bank (Hong Kong), EleBank, Ping An Digital Bank, and Mox Bank.
Also, Hong Kong’s regulatory framework for digital banks aims to ensure stability and consumer protection while fostering innovation. The Hong Kong Monetary Authority (HKMA) introduced a licensing regime for digital banks in 2019, with strict requirements around capitalisation, risk management, and customer protection. These measures are designed to maintain trust in the digital banking ecosystem.
What are the benefits of using a digital bank in Hong Kong?
Banking digitally in Hong Kong allows users to manage their finances 24/7, offering convenience and ease. Transactions can be completed faster, often with lower fees, and some digital banks provide innovative features like budgeting tools and savings goals.
Additionally, the absence of physical branches means banks can offer better interest rates.
Are digital banks and virtual banks in Hong Kong the same?
In Hong Kong, virtual banks were renamed as digital banks. In that context, they are the same.
Featured image edited by Fintech News Hong Kong based on images by user6699736 and vishaldesignstudio on Magnific