ZA Bank Supports Over 80 Web3 Companies with Commercial Banking Services
Hong Kong-based ZA Bank announced that it has been providing support for over 80 web3 companies since early this year. This is in line with its vision for “Banking for Web3,” which it introduced in April.
Among these companies is OKX Hong Kong, and ZA Bank serves as the banking partner for locally licensed Virtual asset Trading Platforms (VATPs) such as HashKey and OSL.
According to the blog released on December 22, titled “ZA Bank 2023 in Review,” ZA Bank noted that it is dedicated to supporting Hong Kong’s ambition to become a global hub for web3. With the city embracing a new virtual asset trading platform licensing regime, ZA Bank announced that it is looking to introduce fiat currency-based Virtual Asset trading services for retail investors through the ZA Bank App.
The digital-only bank, which has quickly become a major player in Hong Kong’s banking landscape, highlights its commitment to building “Your Future Bank for Now” through seamless, secure, and inclusive financial products and services offered via the ZA Bank App.
As a licensed bank, ZA Bank emphasized that it prioritizes the security of its users’ money and personal information. This year saw the implementation of various initiatives to bolster data and financial protection. This includes migrating their core system to a hybrid-cloud infrastructure for enhanced scalability and resilience and introducing advanced features like ZAVerify for greater control over ZACard spending. Their dedication to customer privacy and data security was further recognized by the Office of the Privacy Commissioner for Personal Data.
ZA Bank has established itself as a major player in the banking industry, with 1 in 10 Hong Kong adults banking with the institution. The ZA Bank App
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