ZA Bank: A Year of Web3 Support, Growth, and Innovation

Banking for Web3: ZA Bank's Vision Takes Shape

ZA Bank, the Hong Kong-based digital bank, is making waves in the web3 space. Since launching its "Banking for Web3" vision in April, it has provided support to over 80 web3 companies, including OKX Hong Kong and locally licensed Virtual Asset Trading Platforms (VATPs) like HashKey and OSL.

Driving Hong Kong's Web3 Hub Ambitions:

Committed to supporting Hong Kong's web3 aspirations, ZA Bank announced plans to introduce fiat currency-based Virtual Asset trading services for retail investors through the ZA Bank App. This move leverages Hong Kong's new virtual asset trading platform licensing regime.

Building Your Future Bank for Now:

ZA Bank prioritizes user trust and security through seamless, secure, and inclusive financial products and services offered via the ZA Bank App. As a licensed bank, it implemented various initiatives this year to bolster data and financial protection, including:

  • Hybrid-cloud infrastructure migration: Enhanced scalability and resilience.
  • ZAVerify: Greater control over ZACard spending.
  • Privacy recognition: Recognized by the Office of the Privacy Commissioner for Personal Data.

A Banking Champion:

ZA Bank has carved a niche in the banking industry:

  • 1 in 10 Hong Kong adults bank with ZA Bank.
  • ZA Bank App: Highest-rated banking app on Hong Kong's Google Play (2023).
  • Surpassed HKD 10 billion in customer deposits.
  • Ranked first in Asia in the Sia Partners 2023 International Mobile Banking Benchmark.

Gratitude and Future Plans:

ZA Bank expresses appreciation for its users' trust and pledges to continue providing the best banking experience. It looks forward to:

Launching U.S. stock trading service after obtaining approvals.
Delivering more innovative and exciting services in the future.

Beyond Banking:

ZA Bank is expanding its service portfolio beyond traditional banking:

Investment Fund Services:

  • Launched in August 2022.
  • Collaborates with top international fund managers.
  • Onboarded over 100 investment fund products.
  • 8-fold growth in total assets under management since 2023.
  • Fund subscription fee discount saved users over 100 million yuan.

Overseas Remittance Services:

  • Launched in November 2022 with Wise.
  • Significant savings in fees for users.

A Strong Foundation for the Future:

With a thriving user base, significant deposits, and a commitment to innovation, ZA Bank is well-positioned to continue its success in the years to come. Its focus on web3 support and building "Your Future Bank for Now" makes it a leader in Hong Kong's evolving financial landscape.

Author: Denis Tabyrtsa

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