Tagged: za bank

October 14, 2024 @ 8:39 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has published the results of a consultation on changing the term “Virtual Bank” to “Digital Bank,” joining most of the rest of the world. Hong Kong has been a progressive jurisdiction when it comes to embracing the digital banking… Read More

July 17, 2024 @ 1:12 pm By JD Alois  |  

A consultation on the regulation of stablecoins in Hong Kong was announced in December of 2023. Stablecoins typically refer to digital assets referencing fiat currency and may be viewed as updated payment rails. Today, the Hong Kong Monetary Authority (HKMA) has revealed the results of… Read More

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More

February 27, 2024 @ 9:13 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now offering US stock trading as part of its platform. The company highlighted the benefits of this new service, including a USD $ 3.88 commission – during a promotional period, real-time quotes… Read More

December 27, 2023 @ 9:51 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has kicked off a public consultation on the issuance of stablecoins. Stablecoins are digital assets that are referenced to other assets. Typically affiliated with fiat currency, stablecoins may also be paired with other assets such as gold. Today, most… Read More

November 1, 2023 @ 7:31 pm By JD Alois  |  

Hong Kong is showing its support for digital assets today as ZA Bank, one of a handful of regulated digital banks in the jurisdiction, has announced support for crypto exchange OKX Hong Kong. ZA Bank has issued a statement indicating they will provide an operating… Read More

September 1, 2023 @ 7:34 pm By Omar Faridi  |  

ZA Bank has reportedly become the first settlement bank for HashKey Exchange, Hong Kong’s first licensed retail virtual asset exchange, as it starts “offering fiat-currency deposit and withdrawal services to investors who hold a ZA Bank account.” As part of its “Banking for Web3” ambition,… Read More

May 31, 2023 @ 10:59 am By Omar Faridi  |  

ZA Bank, Hong Kong’s virtual bank, unveiled its plan to introduce virtual asset trading services for retail investors. With this move, ZA Bank is set “to support the Hong Kong SAR government’s vision to develop a vibrant sector and ecosystem for virtual assets.” ZA Bank’s… Read More

April 15, 2023 @ 10:08 pm By Omar Faridi  |  

ZA Bank has announced its latest plan to become the “go-to bank” for the Web3 ecosystem, providing essential banking services to Web3 enterprises. In an effort to support this goal, ZA Bank has “become a Title Sponsor of the inaugural Hong Kong Web 3 Festival… Read More

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