The Hong Kong Monetary Authority (HKMA) released its conclusions regarding the proposal to rename “virtual bank” to “digital…
Virtual Banking
Explore the latest Hong Kong virtual banking news, with insights into new digital banks and fintech innovations shaping the future of virtual banking in HK.
ZA Bank, a virtual bank in Hong Kong, has introduced a new ‘Foreign Exchange Time Deposit’ option, allowing…
ZA Bank, a virtual bank in Hong Kong, plans to launch a “next-gen-ready” wealth product as part of…
ZA Bank has become the first of Hong Kong’s eight virtual banks to achieve monthly profitability, nearly four…
For Hong Kong’s virtual banks, profitability remains elusive as they struggle to turn a profit, with none of…
Chinese tech giant Tencent has fully divested its 14% stake in British challenger bank Tide in a sale…
Fusion Bank, a virtual bank backed by Chinese tech giant Tencent, has launched new business loan services aimed…
Mox Bank has become the first virtual bank in Hong Kong to offer cryptocurrency exchange-traded funds (ETFs) to…
The Hong Kong Monetary Authority (HKMA) announced that it will not issue any more digital bank licenses following…
ZA Bank has introduced its new payroll offer, “Salary+,” effective 1 August 2024. Users receiving their monthly salary…
The Hong Kong government announced that WeBank, a digital bank based in Shenzhen, has set up its technology…
WeBank, a Chinese neobank backed by Tencent Holdings, has received regulatory approval from mainland China to establish a…
WeLab, a pan-Asian fintech platform, has announced strategic actions to accelerate growth, scale, and profitability in Hong Kong…
Futu Holdings Limited has completed an investment of HK$440 million in Gravitation Fintech HK Limited, the parent company…
Bank Saqu, the Indonesian digital bank developed through a strategic partnership between WeLab and Astra Financial, has achieved…
ZA Bank has released a report revealing that 80 per cent of its fund investors made a profit…
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s…
ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for…
Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer…
The Hong Kong Monetary Authority (HKMA) is set to replace the term “virtual bank” with “licensed digital bank”…