Tagged: za bank

February 2, 2023 @ 9:32 pm By JD Alois  |  

ZA Bank Limited, one of the first regulated digital banks in Hong Kong, has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director. According to the bank, Iu joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer… Read More

December 15, 2022 @ 9:48 am By JD Alois  |  

ZA Bank has announced a currency exchange service. The digital bank states that the service will incorporate zero handling fees with no additional charges and real-time quotations to offer users a transparent experience. Last month, Wise, a digital currency transfer and payment provider, announced services… Read More

November 23, 2022 @ 9:03 am By JD Alois  |  

Wise (LON:WISE) has been integrated into the digital banking firm in Hong Kong ZA Bank. According to a note from ZA bank, the partnership between the two firms is the first bank in Hong Kong to provide money transfers with no exchange rate mark up…. Read More

November 2, 2022 @ 11:04 am By JD Alois  |  

Hong Kong has publicly asserted its interest in digital assets or “virtual assets” in a statement issued by the Financial Services and the Treasury Bureau. The document states: “As an international financial centre, Hong Kong is open and inclusive towards the global community of innovators… Read More

August 8, 2022 @ 9:34 am By JD Alois  |  

ZA Bank, one of the few approved digital-only banks in Hong Kong, has announced the launch of a new investment fund service. In a company statement, Rockson Hsu, CEO of ZA Bank, stated: “Virtual banks are playing an increasingly important role under the new normal,… Read More

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… Read More

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More

January 22, 2022 @ 6:58 pm By Omar Faridi  |  

Hong Kong’s leading virtual bank ZA Bank has reportedly expanded its footprint into investment business as the first local digital-only bank to be “licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).” As mentioned in an update shared… Read More

November 7, 2021 @ 10:25 pm By Omar Faridi  |  

Hong Kong’s leading digital banking platform, ZA Bank, announced this week that starting from November 4, 2021, new users are able to get their loan application approval results  “instantly via ZA Bank’s official website, enjoying a seamless and convenient digital finance experience.” As mentioned in… Read More

October 4, 2021 @ 11:27 pm By Omar Faridi  |  

ZA Bank has announced that it aims to streamline the financial management experience with a “fixed-rate” tax loan at a “guaranteed 1.58% APR.” Driven by the motto of “Be the Game Changer”, Hong Kong’s virtual banking platform, ZA Bank, has introduced another tax loan with… Read More

August 17, 2021 @ 8:33 am By Omar Faridi  |  

Hong Kong-based digital bank ZA Bank has introduced “Salary FastPass,” which is an interest-free early payday option in Asia that lets people access their monthly salary up to 7 days in advance. ZA Bank‘s management noted that the Salary FastPass option aims to give employees a… Read More

May 24, 2021 @ 1:27 am By Omar Faridi  |  

ZA Bank and Mox are reportedly leading Hong Kong’s digital bank market,  accounting for around 70% of all virtual banking customer deposits (as of the end of last year). This, according to a report from Reuters that referenced annual reports from banks in the city…. Read More

May 2, 2021 @ 10:07 pm By Omar Faridi  |  

Hong Kong-based digital banking challenger ZA Bank has revealed that it’s providing a financing guarantee facility of as much as HKD 18 million (appr. $2.32 million). The plan is referred to as the “ZME $18M Loan.” The new product is described as a business revolving… Read More

April 9, 2021 @ 9:59 am By JD Alois  |  

In a move to boost clients, ZA Bank has launched a personal loan with a fixed rate of 1.99% APR. Additionally, new users can get HKD 400 cash rewards upon successful application at the virtual bank. ZA Bank says the program is part of its… Read More

March 23, 2021 @ 11:47 pm By Omar Faridi  |  

ZA Bank, which is one of Hong Kong’s eight digital banks, has confirmed that it has now acquired around 300,000 users. This milestone has been reached right before its first year anniversary. ZA Bank was notably the first to carry out a soft launch of… Read More

July 5, 2020 @ 8:00 pm By JD Alois  |  

Hong Kong as jurisdiction was slow out of the gate when it came to Fintech innovation. But this initial hesitancy was soon made up by a dedicated public-private partnership determined to establish Hong Kong as a top Fintech hub – a successful move. InvestHK, a… Read More

May 5, 2020 @ 11:35 pm By Omar Faridi  |  

ZA Bank, the first digital bank to officially launch in Hong Kong, has decided to expand its line of products and services by offering insurance. This, soon after ZA Bank acquired a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track… Read More

May 5, 2020 @ 8:28 am By JD Alois  |  

While more traditional financial services firms are regularly spoofed two emerging Hong Kong virtual banks have recently been targeted by scammers. Both ZA Bank and Airstar Bank have seen bogus sites posted online in an attempt to fleece unsuspecting consumers. This past weekend, Airstar posted… Read More

March 24, 2020 @ 7:26 pm By JD Alois  |  

Hong Kong initiated a process in 2019 to facilitate digital-only banks. The move was indicative of the realization that digital banking, or virtual banks, is the future of banking and not the brick and mortar types. ZA Bank, an offshoot of ZhongAn Technologies International Group,… Read More

January 13, 2020 @ 8:13 am By Omar Faridi  |  

The first of Hong Kong’s upcoming group of virtual banks has confirmed its launch with a 6% special introductory rate on all deposits. ZA Bank Ltd., which is notably one of eight companies planning to establish digital-only banking services in Hong Kong, has launched a… Read More