Virtual Banking

Mox Bank Takes a Slice of the BNPL Pie With Its Latest Offering ‘Split’

Virtual bank Mox has launched a new Buy Now, Pay Later (BNPL) feature on Mox Credit called ‘Split purchase’. Mox Credit customers can split eligible transactions of HKD400 or more into equal monthly instalments, ranging from 3 to 36 months.

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ZA Makes Moves in Digital Asset Market by Signing Deal With Crypto Firm BC Group

ZA International announced that it has entered into a mutual collaboration agreement with BC Technology Group, the parent company of OSL Digital Securities which is a Securities and Futures Commission (SFC)-licensed digital asset platform. The collaboration will see OSL become

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Xiaomi’s Co Founder Steps Down as Chairman at Airstar Bank

Hong Hong virtual bank Airstar Bank announced the appointment of Xiaomi’s Chief Financial Officer Alain Lam Sai Wai as its new Chairman of the Board of Directors. The previous chairman Lei Jun, the Chinese billionaire entrepreneur who founded Xiaomi, has

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Mox Card Now Allows Users to Flip Between Debit and Credit Spending

Hong Kong virtual bank Mox and Mastercard announced a smart new feature called “Flip” on the all-in-one numberless Mox Card which enables customers to flip freely between spending on their debit and credit accounts. The virtual bank had previously rolled

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Mox Appoints Former StanChart Exec as Chief Product Officer

One of Hong Kong’s eight virtual banks Mox announced the appointment of Jayant Bhatia as its new Chief Product Officer effective on 1st July 2021 onwards. As Mox’s Chief Product Officer, Jayant will lead and develop the product strategy and

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WeLab Bank Now Supports Apple Pay for Safe and Secure Transactions

WeLab Bank, a homegrown virtual bank authorised by the Hong Kong Monetary Authority, has integrated the use of Apple Pay into its platform. Apple Pay is a safe, secure and private way to pay that helps customers avoid handing their

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Banking Consumers Want Financial Empowerment, Not Just Apps

Consumers don’t just want shiny apps and digital banking, they want to feel that their bank is a partner who can help them reach financial empowerment. That is the finding of a new ethnographic study by Finastra, which has gone

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Airstar Bank Pilots Corporate Banking Services for SMEs Through HKMA Sandbox

Airstar Bank, one of Hong Kong’s eight virtual banks, has launched a pilot trial of corporate banking services for SMEs through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority (HKMA). At this stage, the pilot trial aims

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ZA and Mox Leading Hong Kong’s Virtual Banking Race, Capturing 70% of All Deposits

ZA Bank and Mox are leading Hong Kong’s virtual bank race, making up 70% of all virtual banking customer deposits as of the end of 2020, Reuters reported, citing the lenders’ annual reports. Hong Kong’s eight virtual banks accumulated total

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ZA Bank Kicks off Its Insurtech Offering With New Pure Life Insurance Product

Hong Kong’s virtual bank ZA Bank has joined hands with ZA Insure, a fully digital insurer under the ZA brand, to offer pure life insurance “ZA Life Protection” via the former’s mobile app. ZA Bank was granted an Insurance Agency

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