Commuters use their mobile phones as they stand in a MTR underground railway station in the Kowloon district of Hong Kong on December 5, 2018. Photo: Agence France-Presse

Clients with less than US$1 million in savings, underserved by bricks-and-mortar banks, are the sweet spot for virtual lenders

  • Some of the city’s eight newly minted virtual banks see depositors with less than US$1 million in deposits as being neglected and underserved by bricks-and-mortar banks
  • Airstar bank, the virtual bank being developed by AMTD Group and smartphone giant Xiaomi, says it can service money lenders’ clients with cheaper loan
Topic |   Banking & Finance

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Commuters use their mobile phones as they stand in a MTR underground railway station in the Kowloon district of Hong Kong on December 5, 2018. Photo: Agence France-Presse
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