The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock
The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock

Next big thing for Hong Kong’s virtual banks: wealth management

  • Insurance and investment products are the ‘next phase’ for the city’s newest lenders, according to ZA Bank’s chief executive
  • New entrants use higher savings rates, technology to shake up city’s crowded banking industry

Topic |   Banking & Finance
The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock
The new virtual banks are focusing on deposits, payments, loans and cards for the time being. Photo: Shutterstock
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