WeLab Bank served as official digital settlement bank for Dear Girlfriends subsidy 

The program granted HK$3,300 cash subsidy to over 18,500 female students.

WeLab Bank announced that it served as the “official digital settlement bank” for the “Dear Girlfriends” subsidy program by the H.S. Chau Foundation.

The Hong Kong-based virtual bank provided the subsidy distribution arrangements, which involves a QR code for login sent via email, as well as an official website for the program, the bank said in a press release.

The program grants an HK$3,300 cash subsidy to over 18,500 full-time female students from government secondary schools and subsidized secondary schools who will be taking the 2025 Hong Kong Diploma of Secondary Education Examination (HKDSE).

This is the first time for WeLab Bank to be participating in a city-wide large-scale subsidy distribution program in Hong Kong, the bank said.

WeLab Bank said that it utilized their cross-bank digital settlement solution, coupled with the Faster Payment System (FPS), to disburse the subsidy.