Banking News

Mox Bank Onboards First Customers

Mox Bank Onboards First Customers

(14 September 2020 – Hong Kong) Mox Bank, backed by Standard Chartered in partnership with PCCW, HKT and Ctrip Financial, became the latest virtual bank to launch in Hong Kong.

As part of its official launch, Mox has started inviting pre-registrants who had earlier signed up on its waitlist to open their accounts in phases, starting with the first 3,000 pre-registrants. These registrants will receive a “limited-edition metal Mox Card” upon successful account opening.

Once all 20,000 pre-registrants have been invited, Mox will be available to the rest of the public. Operating on a core tech platform from Thought Machine, the app-based bank offers instant remote onboarding and goal-oriented spending and shopping calculators. Mox is also going live with tap-to-activate numberless bank cards for spending and ATM withdrawals.

Mox Bank’s launch follows the launch of full operations at Livi Bank in August, WeLab Bank in July, and ZA Bank and Airstar Bank in June.

"There are no strings attached, no deposit or spending requirements," states the bank. "All we ask for is for your patience while we produce the additional metal Mox Cards. The cards are produced overseas and deliveries have been affected by disruption to the global logistics chain."

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