WeLab Bank, a virtual bank operates online without any physical branch. Photo: WeLab Bank Facebook

WeLab takes its virtual banking battle to Hong Kong’s bricks-and-mortar lenders with higher rates, rebates in opening salvo

  • WeLab is the third virtual bank to open for business at a time when the Covid-19 pandemic is giving digital banking a huge boost
  • Newest player enters an overcrowded market with 155 traditional lenders and eight virtual banks serving a city of 7.5 million people
Topic |   Fintech
WeLab Bank, a virtual bank operates online without any physical branch. Photo: WeLab Bank Facebook
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