Hong Kong’s ZA Bank hits 400,000 users

This is equal to 5% of the city’s total population.

ZA Bank, Hong Kong’s first virtual bank, said that it has registered over 400,000 users since launching in March 2020.

This is equal to about 5% of the city’s population, as per the official statistics released by Hong Kong’s Census & Statistics Department.

The neobank offers a plethora of services that include the ZA Card, a virtual debit card. On average, a user spends using the ZA Card once every two days, the bank said.

ZA Bank added that it has also offered HK$1.7b of protection through their collaboration with ZA Insure.