HK virtual bank WeLab opens 10,000 accounts in first ten days; Livi goes live
WeLab’s new virtual bank in Hong Kong has picked up 10,000 new accounts within ten days of opening to the public.
So far, more than 60% of new customers are using two or more WeLab Bank products, with the firm’s innovative GoSave time deposit account proving particularly popular. GoSave harnesses the power of the community to pay higher interest rate as more people join each group.
Since launch, a total of 137 GoSave accounts have commenced with more than 8,200 customers participating.
Meanwhile, Livi VB, co-owned by Bank of China (Hong Kong), JF Digits and Jardines has opened for business in Hong Kong. The new virtual bank is debuting with accounts paying 0.5% interest and the incorporation of UnionPay’s QR payment code into the mobile app for offline spending.