Ant Bank was one of the 8 recipients of the virtual banking license by the Hong Kong Monetary Authority (HKMA), this launch makes it the 6th virtual bank to launch their services in Hong Kong. Ant Bank will partner with AlipayHK to enable the integration of banking services into consumer’s daily life to make them accessible to anyone at anytime and anywhere.
Michael Wang, Chief Executive Officer of Ant Bank, commented, “I’m thrilled that Ant Bank has officially opened today and we are now able to offer our innovative, inclusive and secure products and services to Hong Kong citizens. Together with all of my colleagues, we are honored to be able to serve the Hong Kong public. We set up Ant Bank with the intention of providing increasingly mature FinTech products and services to the Hong Kong market and to provide a new choice to people locally. We are excited to be contributing to the promotion of inclusive financial development in the city.”