ZA Bank celebrates first anniversary, announces milestones

Hong Kong's first virtual bank ZA Bank is celebrating its one year anniversary and has just announced that it currently has 300,000 users, equivalent to 4% of Hong Kong's population. 

The bank has announced some additional milestones as well. For example, by the end of 2020, the bank had about 220,000 users, paid interest on over HK$6,000,000,000 of savings, and addressed users' financial needs with more than HK$650,000,000 of loans. Meanwhile, the total amount of interest earned by individual users' savings and time deposit accounts between 18 October and 31 December 2020 was HK$38,000,000, equivalent to 900,000 cups of coffee. In January this year, ZA Card users received HK$6,500,000 of rebates.

As creating an account in a short period of time is one of the advantages of virtual banks, ZA Bank said users can enjoy a new digital banking experience in as fast as "two minutes and three seconds."
Lastly, there was a customer receiving HK$1,500,000 of interest on savings and deposits, while another customer spent 1,677 times with ZA Card, equivalent to 12 daily transactions on average between 18 October 2020 and 5 March 2021. 

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