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ZA Bank Drives Innovation and Web3 Support in Hong Kong

Positioning Itself as ‘Your Future Bank for Now’

ZA Bank, a Hong Kong digital bank, has been positioning itself as a leader in support for the emerging web3 and virtual asset space while also driving banking innovation.

Web3 Support and Banking for Virtual Assets

ZA Bank has been supporting over 80 web3 companies since early 2022 as part of its “Banking for Web3” vision announced in April. As a banking partner for locally licensed Virtual Asset Trading Platforms (VATPs) like HashKey, OSL, and OKX Hong Kong, ZA Bank aims to help Hong Kong become a global web3 hub. It plans to offer virtual asset trading services for retail investors via the ZA Bank App.

Security and Privacy Enhancements

To enhance security, ZA Bank upgraded to a hybrid-cloud infrastructure and introduced ZAVerify for spending control via ZACard. The Office of the Privacy Commissioner for Personal Data recognized the bank’s privacy and security commitments.

Rapid Growth and Customer Adoption

1 in 10 Hong Kong adults use ZA Bank, making it a major player. The ZA Bank App is the highest-rated banking app on Hong Kong’s Google Play in 2023.The bank has over HKD 10 billion in customer deposits and ranked first in Asia on the Sia Partners 2023 International Mobile Banking Benchmark.

More Innovation Planned

ZA Bank is preparing to introduce U.S. stock trading and promises more innovative services in the future. CEO highlighted success of fund subscription fee discount, resulting in over 100 million yuan in savings for users.

ZA Bank 2023 in Review

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