Hong Kong virtual bank WeLab Bank officially opened

WeLab Bank, a Hong Kong virtual bank licensed by the Hong Kong Monetary Authority, officially opened on July 30, 2020, providing banking services to millions of people in Hong Kong.

WeLab Bank, a Hong Kong virtual bank licensed by the Hong Kong Monetary Authority, officially opened on July 30, 2020, providing banking services to millions of people in Hong Kong.

WeLab Bank is a purely online digital banking service that allows customers to enjoy brand new services via mobile phones anytime, anywhere. It was established and wholly owned by WeLab, a leading Asian financial technology company.

Customers can open an account remotely in 5 minutes, and enjoy superior services at zero monthly fees. These include time deposits and savings accounts with high interest rates, virtual bank cards, and the Faster Payment System (FPS) service for real-time transfers.

In addition, customers can apply for joint issuance with MasterCard, and it is the first WeLab bank card without a card number that has been publicly launched on the market. Combined with these latest smart technologies, it can help customers easily master their financial journey.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/31/hong-kong-virtual-bank-welab-bank-officially-opened/.

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