ZA Bank, a Hong Kong Digital Only Bank, Uses “Millionaire PowerDraw” to Boost Users

July 4, 2022 @ 6:22 pm By JD Alois

ZA Bank, one of a handful of regulated digital-only banks in Hong Kong, has announced a new promotion to increase users. ZA Bank has launched “Millionaire PowerDraw” to “bring joy to HongKongers.”

The promotion offers a single winner each month HKD 100 million (USD $12.744 million) in cash.

Starting this month, users can participate by spending with ZA Card to enter into the promotion. ZA Bank says it will randomly draw a MillionTix number every month during the promotion period.

Users can enter in several different ways: Open a ZA Bank Account, Pay any insurance premium via ZA Bank, complete a special Millionaire PowerDraw quest, or spend at least HKD 10 with ZA Card.

ZA Bank offers traditional banking services along with stock trading, insurance and other digital features.

ZA Bank was granted one of the first virtual bank licenses by the Hong Kong Monetary Authority in 2019.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	125	+4.8%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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