Hong Kong’s Mox has signed 35,000 customers  

October 26, 2020 | Banking

Written by FinTech Alliance

Hong Kong’s Mox has signed 35,000 customers  

Virtual bank Mox, supported by Standard Chartered, has signed up 35,000 customers.  

In Brief:  

  • Mox is a virtual bank licenced by the Hong Kong Monetary Authority as part of its FinTech programme.  

  • It has been developed with a core platform by Thought Machine.  

  • 35,000 customers have signed up – all remotely of course – in just a month.  

What does this mean?  

Eight virtual banking licences have been awarded and about five are now up and running in Hong Kong. A key competitor for Mox is WeLab Bank, which had 10,000 applications in 10 days.  

Read more here.   

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