ZABank Supports Web3 Companies with Commercial Banking Services
Hong Kong-based ZA Bank has been providing support for more than 80 web3 companies since the beginning of this year. The bank’s vision for “Banking for Web3” aligns with its commitment to help Hong Kong become a global hub for web3. ZA Bank serves as the banking partner for locally licensed Virtual asset Trading Platforms (VATPs) like OKX Hong Kong, HashKey, and OSL.
ZA Bank plans to introduce fiat currency-based Virtual Asset trading services for retail investors through its ZA Bank App. The digital-only bank aims to build “Your Future Bank for Now” by offering seamless, secure, and inclusive financial products and services.
Focus on Security and Privacy
As a licensed bank, ZA Bank prioritizes the security of users’ money and personal information. The bank has implemented various initiatives to enhance data and financial protection, including migrating their core system to a hybrid-cloud infrastructure. They also introduced advanced features like ZAVerify for greater control over ZACard spending. ZA Bank’s commitment to customer privacy and data security has been recognized by the Office of the Privacy Commissioner for Personal Data.
Success and Recognition
ZA Bank has established itself as a major player in the banking industry, with 1 in 10 Hong Kong adults banking with the institution. The ZA Bank App is ranked as the highest-rated banking app on Hong Kong’s Google Play in 2023. The bank has surpassed HKD 10 billion in customer deposits and ranked first in Asia in the Sia Partners 2023 International Mobile Banking Benchmark.
Continued Innovation
ZA Bank expresses gratitude for the trust and support received from its customers and promises to continue providing the best banking experience. The bank plans to launch its U.S. stock trading service after obtaining the necessary approvals, with a commitment to offering more innovative and exciting services in the future.
ZA Bank CEO Announces Successful Fund Subscription Fee Discount
ZABank has also focused on enhancing its investment services. Since launching investment fund services in August 2022, the bank has collaborated with top international fund managers and onboarded over 100 investment fund products. The bank introduced a fund subscription fee discount, resulting in users saving over 100 million yuan on investment fund subscription fees.
In addition to investment services, ZA Bank partnered with Wise to introduce overseas remittance services, leading to significant savings for users in fees. The bank has expanded its customer base, with 1 in 10 adults in Hong Kong now holding a ZA Card. ZA Bank has attracted significant deposits, surpassing 10 billion yuan by the end of June.
Hot Take: ZA Bank Supports Web3 Companies and Focuses on Innovation
Hong Kong-based ZA Bank has been actively supporting over 80 web3 companies through its commercial banking services. With a vision for “Banking for Web3,” the bank is dedicated to helping Hong Kong become a global hub for web3 technologies. ZA Bank’s commitment to security, privacy, and innovation has positioned it as a major player in the banking industry. The bank’s success is evident through its high customer satisfaction ratings and achievements in mobile banking benchmarks. By offering unique services such as fiat currency-based Virtual Asset trading and discounted fund subscription fees, ZA Bank continues to deliver value to its customers while paving the way for future growth and expansion.
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