Committee

<h2 style="line-height: 2;">Chairman</h2>
<div>Mr. OU Yaping</div>
<div>&nbsp;</div>
<h2 style="line-height: 2;">Directors</h2>
<div>Mr. NG Chung Ho (Chief Executive) Mr. CHEN Jianghe Mr. LO Kin Ching Joseph Mr. OU Jin Yi Hugo Mr. XIAO Feng Mr. XU Wei Mr. ZHANG Shengman Mr. ZHU Qi</div>
<div id="gtx-trans" style="position: absolute; left: -6px; top: 213.625px;">
<div class="gtx-trans-icon">&nbsp;</div>
</div>

List of Directors

Climate Change Related Disclosure FYE 2023

Climate Change Related Disclosure FYE 2022.pdf

2024 Annual Report.pdf

2024 June 30 - Interim Financial Disclosure Statement.pdf

2023 Annual Report.pdf

2023 June 30 - Interim Financial Disclosure Statement.pdf

2022 Annual Report.pdf

2022 June 30 - Interim Financial Disclosure Statement.pdf

2021 Annual Report.pdf

2021 June 30 - Interim Financial Disclosure Statement.pdf

2020 Annual Report.pdf

2020 June 30 - Interim Financial Disclosure Statement.pdf

2019 Annual Report.pdf

2018 Annual Report.pdf

ZA Bank 強攻投資理財　擬年內推港股買賣服務　力吸新香港人客群｜星島頭條

ZA Bank promotes stock giveaway campaign with OOH advertising | Marketing-Interactive

ZA Bank and JD.com celebrate November shopping spree with mega deals | Marketing-Interactive

BT 專訪｜ZA Bank 行政總裁姚文松｜敢於創新：奧運熱潮結合理財！行路可生息、贏機票 - 香港財經時報 HKBT

ZA Bank Leverages Technology to Expedite Loan Approvals for Global Payments Merchants - Fintech News Hong Kong

ZA Bank Looks to Offer Hong Kong Accounts for Stablecoin Issuers -  彭博 Bloomberg

ZA Bank officially unveils US stock trading service in Hong Kong - Asian Banking & Finance

ZA Bank 推美股交易服務 - 信報 Hong Kong Economic Journal

ZA Bank：基金資產總值按年增 10 倍　推跨年優惠「28 投資日」 - 香港經濟日報 Hong Kong Economic Times

ZA Bank：穩定幣發行人監管制度　助港打造成 Web3 樞紐 - 東網 on.cc

提供基金認購費優惠　ZA Bank 助客省逾億 - 信報 Hong Kong Economic Journal

ZA Bank：海外匯款服務推出一年　為用戶節省逾數百萬元費用 - 明報 Ming Pao

ZA Bank 推「世 11 優惠」送 11 部 iPhone 15 Pro - iMoney 智富雜誌

Hong Kong virtual bank ZA bets on city's blockchain goals - 日經亞洲 Nikkei Asia

ZA Bank 推 ig 快閃抽獎　送免費雙人來回東京或關西機票 - 明報 Ming Pao

ZA Bank 推出 6 厘 1 個月美元定存 - 明報 Ming Pao

ZA Bank becomes HashKey Exchange’s first settlement bank to offer fiat-currency deposit and withdrawal services | Fintech Finance

ZA Bank 成为 HashKey Exchange 首家结算银行，为用户提供法币提存服务 | PANews

ZA Bank's revenue, users rise | 英文虎報 The Standard

ZA Bank 推高息短存吸新客　3 個月存息達 6.6 厘高過銀債 | 明報 Ming Pao

ZA Bank 夥 Deliveroo 推限時「最勁抽」獎賞　送過 30 萬份餐廳折扣及指定獎賞 | iMoney 智富雜誌

虛銀 ZA Bank 贊助橡⽪鴨⼆重暢　免費派相關造型 NFT | 香港 01

【黃鴨再訪港】ZA Bank 送巨型黃鴨《橡皮鴨二重暢》NFT　限 4200 個　打卡送橡皮鴨限量精品公仔 | 香港經濟日報

ZA Bank 推「加息星期二」存款限時優惠　1 個月定存最高可賺 3.8 厘 | iMoney 智富雜誌

ZA Bank 用戶於 4 月 30 日或之前　享 Häagen-Dazs 雪糕買一送一優惠 | 香港經濟日報

ZA Bank's Sin on Banking in Crypto | 彭博電視

ZA Bank unveils NFT Maker campaign as part of tech innovation journey | MARKETING-INTERACTIVE

超新奇嘅全民造「T」趣味體驗新科技 | PC3 Magazine

ZA Bank marks 3rd anniversary with A.I. artwork contest | The Digital Banker

ZA Bank 推 A.I. 繪畫比賽　用戶有機會贏 M+ 博物館會籍 | TOPick

ZA Bank 再推美元定存快閃優惠　年利率最高可達 4.45 厘

ZA Bank 電子利是最大單封派 20 萬　三大姓氏封面最得寵

Hong Kong’s ZA Bank names Ronald Iu as CEO

姚文松出任 ZA Bank 行政總裁兼執董

ZA Bank 大派 $1000 收爐利是！再抽 $10000 大利是！額外送一日假自製 6 日長假！

ZA Bank 今年起停印實體利是封　派電子利是可抽 100 萬元現金

ZA Bank 推百家姓電子利市　派利市抽獎卡卡有獎永不落空

ZA Bank 推美元定存快閃優惠　新資金開立定存 3 個月可享最高 4 厘

ZA Bank Offers Debt Consolidation Plan With 6-Months Payment Deferment

ZA Bank 推結餘轉戶計劃　用戶可享 6 個月自選還款假期

Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return

【歷來最高】ZA Bank 再推短期儲蓄保　期滿保證回報率逾 5 厘

ZA Bank 推日本消費碌卡 3% ZA Coin 回贈　每月最多 200 元

投保 ZA Bank 指定計劃　可扣稅兼享高達 10 萬元「零息稅貸」

ZA Bank 推定存快閃優惠　12 個月港元定存息 5 厘

企業特設「射波假」　人力顧問：助提振士氣

ZA Bank Pilots Sandbox for Express Online Account Opening for SMEs

ZA Bank integrates Wise to become first HK bank to launch international transfers with no FX mark-ups or hidden fees

ZA Bank Partners Wise to Enable Hongkongers to Make Remittances to 14 Currencies

Hong Kong virtual lender ZA Bank and UK’s Wise in online money transfer tie-up

ZA Bank 推國際匯款服務　超過 8 成轉帳在 24 小時內完成

【卡塔爾世界盃】虛擬銀行 ZA Bank 貼心員工福利　增設一天射波假兼攞正牌遲到

ZA Bank 推全新稅貸　完成首三期還款後　提早清還可豁免手續費

How ZA Bank is doing virtual wealth and insurance

ZA Bank「百萬勁抽」34歲家庭主婦獨贏100萬︰「用嚟買樓、做教育基金」｜年底前每月抽獎一次

開業兩年累積逾 50 萬用戶！ZA Bank 招才不限金融業！解難、應變能力更重要？

眾安設實習生培訓計劃　從各地區人才庫吸納專才　上半年員工規模擴 15%

ZA Bank launches short-term savings insurance in Hong Kong

ZA Bank 推出短期儲蓄保險計劃　每年 3.11% 保證回報

Hong Kong’s ZA Bank launches investment fund service

ZA Bank 推基金投資服務

Brand Spotlight: How ZA Bank cashes in on word-of-mouth recommendations

ZA Bank and Octopus roll out extra HK$500 consumption voucher promotion

ZA Bank 與八達通推消費券優惠　以邀請碼開戶可獲額外 500 元增值額

ZA Bank Adopts Bloomberg TOMS to Support its Investment Needs

ZA Bank 推 520 貸款快閃優惠　用戶憑優惠碼申請指定私人貸款產品　可享 520 元現金獎賞

眾安業務邁新階段　攻投資理財及保險

ZA Bank 食買玩報復式優惠　指定食府 11% 回贈／PURE Yoga 及 Fitness 免費7天通行證

ZA Bank 推優惠　新客可賺逾四千

Hong Kong: Generali forms bancassurance partnership with online bank

ZA Bank 與香港忠意保險成合作伙伴　首階段推 5 款人壽產品

ZA Bank 開業 2 周年送禮、最高可獲 20 萬 ZA Coin 獎賞　推新冠康復者零等待投保服務

新冠康復者注意！ZA Bank 贈三個月人壽保障　保額達 100 萬

ZA Bank：期望協助市民領取第二輪 5000 元電子消費券

ZA Bank：今年重點為保險及投資理財業務 　未來仍以本港客戶為主

ZA Bank 推出「#StaySafe2.0 抗疫優惠」提供 4 大優惠

ZA Bank 推網上「借庫」遊戲　有機會贏最高 70 萬免息貸款額

眾安銀行：農曆年活動獲逾 140 萬次用戶參與

ZA Bank：農曆新年間派發電子利是數量較去年倍增　人均派發量大增 4 倍

虛擬銀行 ZA 員工獲 1000 元「收爐利是」　提前年廿六收爐

ZA Bank 推電子利市與好友綫上拜年　做任務抽角色瓜分 1,000 萬獎金

Digital Banking: ZA Bank becomes Hong Kong’s First Virtual Bank to Receive Type 1 SFC License

眾安銀行取得證券交易牌照　預告初期將推基金買賣服務

眾安銀行獲證券交易牌照　為首間虛銀獲證監會發牌

ZA Bank 夥汽車買賣平台 Car8 推貸款優惠　成功申請送 6000 元禮遇

ZA Bank uses games to pull in customers

眾安銀行：客量已達 50 萬人　料普遍虛銀 2024 年收支平衡

ZA Bank Crosses Half a Million Users

ZA Bank 推快閃開戶優惠　新用戶於 Deliveroo 或 foodpanda 消費可賺 20% 現金回贈

ZA Bank 買 Apple 服務享 11% 回贈　加 ZA Card 至 Apple ID 購物送《原神》禮品包

ZA Bank 聖誕限定稅貸雙重賞　實際年利率 1.49%　兼賺最高萬元獎賞

【虛擬銀行】ZA Bank 夥 ZA Insure 推人壽儲蓄保　每年保證平均回報最高 2.5%

【虛擬銀行】ZA Bank 推薦好友計劃　推薦 5 人開戶即賺 3,000 元現金獎賞

【虛擬銀行】ZA Bank 推出雙 11 限時活動優惠　申請税貸有機會享 1% 實際年利率

ZA Bank opens salary advance product for applications

【虛擬銀行】ZA Bank 正式推「出糧FastPass」　逾 8500 用戶已加入等候名單

ZA Bank launches new savings insurance plan

ZA Bank 開放「出糧 FastPass」申請　成功申請用戶免一年手續費

Digital Banking: Hong Kong’s ZA Bank Enhances Financial Management Experience with New “Fixed-Rate” Tax Loan

ZA Bank推「一口價稅貸」　保證年利率1.58厘

ZA Bank becomes first issuer in Asia Pacific to enable Click to Pay with Visa as a standard card feature, transforming eCommerce checkout
<ul>
<li style="text-align: center; font-size: 22px;">&bull;&nbsp; Hong Kong&rsquo;s first and largest digital bank adopts Click to Pay, enabling Visa cardholders to complete online transactions in seconds without manually entering their card details. </li>
<li style="text-align: center; font-size: 22px;">&bull;&nbsp; With tokenisation technology, payment credentials are more secured, leading to higher authorisation rates and improved consumer experience. &nbsp; </li>
</ul>
&nbsp;
Hong Kong, 1 April 2025 &mdash; Visa, a global leader in digital payments, today announced an important advancement set to transform the digital commerce and online shopping experience. ZA Bank, Hong Kong&rsquo;s first and largest digital bank1, has become the first issuer in Hong Kong and across Asia Pacific to integrate Click to Pay with Visa as a standard card feature, enabling cardholders faster, seamless and more secure experience at online checkout. The partnership underscores the increasing demand among issuers, acquirers and merchants to prioritise customer satisfaction and improve the overall online shopping experience for customers.
One-click convenience for cardholders&nbsp;
Click to Pay with Visa offers unparalleled convenience for online shopping, reducing checkout time from minutes to seconds. Registered cardholders can bypass guest checkout, skip form fields, and eliminate the need to remember passwords, all while ensuring their transactions remain secure. They can further enable Visa Payment Passkey using their devices&rsquo; biometric capabilities for more enhanced security. Starting today, ZA Card cardholders can enroll for Click to Pay via the ZA Bank App.
Corey Chu, Head of Retail Loan and Card at ZA Bank, said, &ldquo;We are delighted to deepen our collaboration with Visa by integrating Click to Pay into our card proposition. As the first issuer in Hong Kong and across APAC to launch this payment feature, ZA Bank continues to set new industry benchmarks in fintech innovation. With ZA Card already ranking among the most actively used Visa cards in town, this enhanced checkout experience delivers unprecedented speed, convenience, and security, transforming the way users pay online.&rdquo;
Vivian Ying, Head of Products, Visa Hong Kong and Macau, said, &ldquo;Driving innovation is at the core of what we do at Visa. We are excited to partner with ZA Bank, Hong Kong&rsquo;s leading digital bank, to introduce Click to Pay to their cardholders. This partnership highlights Visa's commitment to creating a secure, seamless, and inclusive payment ecosystem that addresses the evolving needs and behaviours of our consumers, bank partners and online merchants.&rdquo;
About Visa Click to Pay
Click to Pay is a tokenised solution designed to transform digital checkouts and meet EMVCo standards. It leverages Visa Token Service (VTS) to provide multiple layers of advanced security, enhancing authorisation rates and reducing fraud in digital commerce. By replacing sensitive card information, such as the 16-digit Primary Account Numbers (PANs), with tokens, VTS can reduce fraud by 58% 2 and increase authorisation rates by an average of 2.5% 3 across the region, compared to PAN-based card-not-present (CNP) transactions. Click to Pay with Visa simplifies the checkout experience for customers&mdash;it&rsquo;s like contactless payments in-store, but for online shopping. &nbsp;
Click to Pay with Visa is currently available for issuers to implement in 12 markets across Asia Pacific, including Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand, the Philippines and Vietnam. Major payment service providers in the region, including AsiaPay, and a wide range of merchants are enabling Click to Pay. Consumers can now enjoy enhanced checkout and payment experiences at their favourite shops or merchants, from airlines, hotels, event ticketing and more.
Please click&nbsp;<a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://drive.google.com/file/d/1UbijvzgBsUQ6wizYgJV8shfTrbN1J2mr/view?usp=sharing" target="_blank" rel="noopener">here</a> to download the high-resolution images.
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/3af4dde7-f0b2-447c-9168-c8b921f8c81f/94159bc3-c99b-4af8-8c02-2fd54277e247/Visa-CTP-launch-EN.JPG" alt="" width="1000"> Corey Chu, Head of Retail Loan and Card at ZA Bank (Left) and Vivian Ying, Head of Products, Visa Hong Kong and Macau (Right) announce the launch of Click to Pay. ZA Bank has become the first issuer in Hong Kong and across Asia Pacific to integrate Click to Pay with Visa as a standard card feature, enabling cardholders faster, seamless and more secure experience at online checkout.
&nbsp;
&mdash; Ends &mdash;
 Notes to editors:
<ol>
<li style="font-size: 12px;">1. As the first digital bank (previously named &ldquo;virtual bank&rdquo;) to launch in Hong Kong, ZA Bank had the highest number of users and customer deposits among the city&rsquo;s eight digital banks as of 30 June 2024. Source: Interim reports of 8 digital banks.</li>
<li style="font-size: 12px;">2. Visa Risk Datamart, Global, FY22 Q1 &ndash; Q4 Token Fraud Rate vs PAN Fraud Rate by PV for merchants with over 1,000 CNP token transactions per month per country. Merchant&rsquo;s individual results may vary.</li>
<li style="font-size: 12px;">3. VisaNet, Oct&ndash;Dec 2022. Visa credit and debit card-not-present transactions for tokenised vs non-tokenised credentials in the AP region. Auth rate is defined as approved authorisations divided by total authorisation attempts based upon first attempt of a unique transaction.</li>
</ol>
&nbsp;
Media enquiries
Please contact: <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a>
&nbsp;
About ZA Bank
ZA Bank, licensed by the Hong Kong Monetary Authority in 2019, is Hong Kong's first and largest digital bank. With more than 800,000 users as of 30 June 2024, it leads the city&rsquo;s digital banking sector in customer base and deposits. ZA Bank&rsquo;s &ldquo;Community-Driven&rdquo; approach actively involves users in product development, resulting in tailored financial services for individuals, SMEs, and Web3 enterprises. The bank offers a comprehensive range of services including banking, investment, insurance, and business solutions. Recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; by The Asset and &ldquo;Hong Kong: Rising Star&rdquo; by Euromoney, ZA Bank continues to innovate in Hong Kong&rsquo;s financial landscape. It operates as a subsidiary of ZA Global, established in 2017, to explore global fintech and insurtech opportunities. For more information, visit <a style="color: rgb(50, 203, 157);" href="https://bank.za.group" target="_blank" rel="noopener">https://bank.za.group</a>.&nbsp;
&nbsp;
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://www.visa.com.hk/en_HK" target="_blank" rel="noopener">Visa.com</a>.

ZA Bank Click to Pay

ZA Bank becomes first issuer in Asia Pacific to enable Click to Pay with Visa as a standard card feature, transforming eCommerce checkout

ZA Bank appoints Calvin Ng as new CEO
&nbsp;
Hong Kong, 31 March 2025 &mdash; ZA Bank Limited (&ldquo;ZA Bank&rdquo;) today announced the appointment of Calvin Ng as its new Chief Executive Officer, effective from 27 March. Calvin will lead the Bank for its continued growth and innovation in Hong Kong&rsquo;s digital banking space. He has served as an Executive Director of ZA Bank since September 2022.
ZA Bank also announced that Ronald Iu had stepped down as Chief Executive Officer and Executive Director. The Board would like to express its sincere gratitude to Ronald for his contribution and wishes him every success in his future endeavours.
As a founding member of ZA Bank, Calvin deeply understands the Bank&rsquo;s business, culture and vision. He has played a key role in several major milestones for the Bank, from applying for a digital banking licence in Hong Kong and the official launch of ZA Bank to its emergence as a leading digital bank in the city, serving over 800,000 users. Under Calvin&rsquo;s leadership, ZA Bank became Asia&rsquo;s first1 licensed bank to offer cryptocurrency trading services to retail investors, successfully expanding innovative financial services into new areas and bringing more diverse choices to users. As a key figure in managing the Bank&rsquo;s retail business, Calvin is responsible for formulating the overall business strategies, product roadmaps and growth plans, with a strong focus on enhancing user experience and driving the Bank&rsquo;s sustainable growth in a steady and paced manner.
The Board of ZA Bank said: &ldquo;Calvin&rsquo;s proven track record, leadership, experience in fintech and strong stakeholder management made him an ideal successor. We are confident that he will further drive fintech innovation alongside robust risk management, lead ZA Bank in breaking new ground, and deliver a safer, more reliable, and more convenient one-stop digital banking experience for our users.&rdquo;
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c8019834-5bf0-434b-9624-54b041aaf8dc/33e5132e-37f9-4e45-a367-7cea25e1108f/Calvin-Ng-ZA-Bank-CEO.jpg" alt="" width="447" height="800">
 &mdash; Ends &mdash;
 Notes to editors:
<ol>
<li style="font-size: 12px;">1. &lsquo;Asia's First&rsquo; refers to licensed banks in Asia (excluding West Asia) that, as of 20 November 2024, have a comprehensive regulatory framework for virtual assets and are members of FATF. This designation specifically applies to licensed banks that provide services for retail investors to trade cryptocurrencies directly using fiat currency through their main applications.</li>
</ol>
&nbsp;
Media enquiries
Please contact:&nbsp;<a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a>
&nbsp;
About ZA Bank 
ZA Bank, licensed by the Hong Kong Monetary Authority in 2019, is Hong Kong's first and largest digital bank. With more than 800,000 users as of 30 June 2024, it leads the city&rsquo;s digital banking sector in customer base and deposits. ZA Bank&rsquo;s &ldquo;Community-Driven&rdquo; approach actively involves users in product development, resulting in tailored financial services for individuals, SMEs, and Web3 enterprises. The bank offers a comprehensive range of services including banking, investment, insurance, and business solutions. Recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; by The Asset and &ldquo;Hong Kong: Rising Star&rdquo; by Euromoney, ZA Bank continues to innovate in Hong Kong&rsquo;s financial landscape. It operates as a subsidiary of ZA Global, established in 2017, to explore global fintech and insurtech opportunities. For more information, visit <a style="color: rgb(50, 203, 157);" href="https://bank.za.group" target="_blank" rel="noopener">https://bank.za.group</a>.&nbsp;

ZA Bank CEO Calvin Ng

ZA Bank appoints Calvin Ng as new CEO

ZA Bank partners with TransUnion to become Hong Kong&rsquo;s first bank to offer free Credit Alert Service
&nbsp;
Hong Kong, 6 February 2025 &mdash; ZA Bank, Hong Kong&rsquo;s first and largest digital bank1, today announced a new collaboration with <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://www.transunion.hk/home?utm_campaign=ZA+Credit+Alert+Partnership+&amp;utm_keyword=&amp;utm_medium=press-release&amp;utm_source=press-release&amp;utm_content=" target="_blank" rel="noopener">TransUnion</a> in Hong Kong to offer the TransUnion Credit Alert Service, making it the first bank in the city to provide this service completely free to retail users. While TransUnion&rsquo;s Credit Alert Service has long been available in Hong Kong, this partnership enables ZA Bank users to access the service with comprehensive features at no cost through the ZA Bank App.
Research launched in December 2024 by TransUnion reveals that nearly half (44%) of the surveyed consumers in Hong Kong were targeted by fraud through online, email, phone call or text message channels in the last three months2. In response, ZA Bank is making the Credit Alert Service accessible to all its users, enhancing value and empowering them to protect themselves from rising fraud risks.
Through this service, users will receive instant alerts via the ZA Bank App that notify them of critical changes to their credit report, including:
<ul>
<li>&bull;&nbsp; New credit report enquiries3</li>
<li>&bull;&nbsp; New credit accounts opened under their name</li>
<li>&bull;&nbsp; Changes to addresses or phone numbers</li>
</ul>
&nbsp;
Devon Sin, Alternate Chief Executive of ZA Bank, said: &ldquo;ZA Bank is proud to be the first bank in Hong Kong to offer the comprehensive TransUnion Credit Alert Service for free, removing the cost barrier for a vital fraud protection tool. This partnership with TransUnion reflects our commitment to leveraging innovation to protect our users&rsquo; financial well-being, especially as digital fraud continues to rise in Hong Kong. By integrating this feature into our app, we are not only enhancing security but also promoting financial inclusion to ensure more people have access to tools that safeguard their finances.&rdquo;
Wingo Wong, Managing Director of TransUnion Credit Information Services Limited in Hong Kong, said: &ldquo;For years, TransUnion has been at the forefront of fraud protection, pioneering efforts to enable individuals to identify risks earlier and minimise potential losses. As digital fraud continues to rise in Hong Kong, we are delighted to partner with ZA Bank to expand our Credit Alert Service to its users. This partnership underscores the importance of collaboration between businesses and consumers in combating this escalating threat. Together, we are committed to empowering Hong Kong consumers in the fight against fraud in an increasingly digital world.&rdquo;
&nbsp;
<img style="max-width:100%" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/5fd4ef8c-ee50-4478-b9f6-3a1a2fd663f2/9385f92b-3b1c-41ae-bfdd-3b9a84d5fe74/ZA Bank becomes first HK bank to offer retail users the TransUnion Credit Alert Service for free.jpg" alt="" width="1200" height="800">
ZA Bank becomes Hong Kong&rsquo;s first bank to offer retail users the TransUnion Credit Alert Service for free. Pictured here are Devon Sin (left), Alternate Chief Executive of ZA Bank, and Wingo Wong (right), Managing Director of TransUnion Credit Information Services Limited in Hong Kong.
&nbsp;
&mdash; Ends &mdash;
&nbsp;
Notes to editors:
<ol>
<li style="font-size: 12px;">1. As the first digital bank (previously named &ldquo;virtual bank&rdquo;) to launch in Hong Kong, ZA Bank had the highest number of users and customer deposits among the city&rsquo;s eight digital banks as of 30 June 2024. Source: Interim reports of 8 digital banks.</li>
<li style="font-size: 12px;">2. TransUnion:&nbsp;<a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://www.transunion.hk/consumer-pulse-study/reports/q4-2024" target="_blank" rel="noopener">Consumer Pulse Q4 2024</a> &ndash; Dec 2024.</li>
<li style="font-size: 12px;">3. Currently only new enquiries raised through TransUnion Credit Information Services Limited by banks or financial institutions are included, and new enquiries raised through other credit reference agencies will be available gradually.&nbsp;</li>
</ol>
&nbsp;
Media enquiries
Please contact: <a style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a>
&nbsp;
About ZA Bank
ZA Bank, licensed by the Hong Kong Monetary Authority in 2019, is Hong Kong's first and largest digital bank. With more than 800,000 users as of 30 June 2024, it leads the city&rsquo;s digital banking sector in customer base and deposits. ZA Bank&rsquo;s &ldquo;Community-Driven&rdquo; approach actively involves users in product development, resulting in tailored financial services for individuals, SMEs, and Web3 enterprises. The bank offers a comprehensive range of services including banking, investment, insurance, and business solutions. Recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; by The Asset and &ldquo;Hong Kong: Rising Star&rdquo; by Euromoney, ZA Bank continues to innovate in Hong Kong&rsquo;s financial landscape. It operates as a subsidiary of ZA Global, established in 2017, to explore global fintech and insurtech opportunities. For more information, visit <a style="color: rgb(50, 203, 157);" href="https://bank.za.group" target="_blank" rel="noopener">https://bank.za.group</a>. 
&nbsp;
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries and territories, including Hong Kong. As Hong Kong&rsquo;s leading consumer credit information company, we make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care. 
Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good&reg; &mdash; and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. 
For more information visit <a href="https://www.transunion.hk" target="_blank" rel="noopener">www.transunion.hk</a>&nbsp; &nbsp;
&nbsp;

ZA Bank partners with TransUnion to become Hong Kong’s first bank to offer free Credit Alert Service

ZA Bank becomes Asia&rsquo;s first bank to offer crypto trading services for retail users
Seamless Crypto Trading: Direct Fiat Transactions in One App Simplified and Secure Investment Experience
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2e77475c-f0c0-4d6f-bddc-9aa1121afb95/0c91d516-712d-4ffc-a71e-c4fee53b7b20/ZA Bank becomes Asia&rsquo;s first bank to offer crypto trading services for retail users.png" width="1000" height="478">
&nbsp;
Hong Kong, 25 November 2024 &mdash; ZA Bank, Hong Kong's first and largest digital bank1, has achieved another breakthrough as Asia's first bank2 to offer cryptocurrency trading services directly to retail users. Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD (this platform currently supports trading services exclusively for Bitcoin and Ethereum) &mdash; all within a single platform, with no need to switch between apps or platforms, simplifying the entire investment process. With this launch, ZA Bank cements its leadership in digital wealth management by merging traditional banking with the future of finance.
Global Crypto Demand Surges: 70% Say Bank-Backed Crypto Services Boost Transactions
Global crypto demand is skyrocketing3, with users reaching 560 million by mid-2024 &mdash; a 30% year-on-year increase. Crypto market capitalisation has surged nearly 90%, surpassing USD 2.3 trillion. Bitcoin hit record highs following the US presidential election, driven by expectations of crypto-friendly policies from the new Congress.
Meanwhile, a recent survey by the Hong Kong Association of Banks4 reveals that nearly 70% of respondents believe that if banks offer virtual asset trading services, it would make buying and selling virtual assets more convenient or could help popularise cryptocurrency trading. In response to this growing market demand, ZA Bank has launched its cryptocurrency trading service, enabling users to take advantage of new investment opportunities.
Security &amp; Compliance: Driving Crypto Innovation in Asia
Calvin Ng, Alternate Chief Executive of ZA Bank, said: &ldquo;The rise of cryptocurrency presents investors with more diverse asset allocation opportunities. As a bank, we prioritise security and compliance, which is why we&rsquo;ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading - our key competitive advantage in the Asian market.&rdquo;
Livio Weng, CEO of HashKey Exchange, said: &ldquo;We are privileged to partner with ZA Bank in advancing innovation in digital banking services across Asia. As Hong Kong&rsquo;s largest licensed virtual asset exchange, HashKey Exchange is dedicated to providing users with fully compliant and secure digital asset trading solutions. ZA Bank, as the first bank in Asia to offer such service, has demonstrated its strong leadership and a pioneering spirit in fintech integration. Our collaboration goes beyond technical synergies; it also reflects our shared commitment to upholding the highest regulatory standards. Looking ahead, HashKey Exchange will continue to work closely with ZA Bank to drive the development of the Web3 ecosystem, while delivering more diversified financial services to our users. Together, we aim to usher in a new era of wealth management.&rdquo;
Leading the Web3 Revolution: Redefining Wealth Management
As the only bank in Asia offering funds, US stocks, and virtual asset trading services, ZA Bank is committed to advancing the Web3 ecosystem in alignment with regulatory policies and market demand, while fostering deeper integration between finance and technology. The bank will continue to push boundaries, challenge the traditional finance (TradFi) landscape, and shape the future landscape of wealth management.
Effortless Entry into Crypto: Low Threshold and Zero Commission
<ul>
<li>&bull; Start trading crypto with as little as USD 70 / HKD 600, offering maximum flexibility.</li>
<li>&bull; Enjoy 0% commission for the first 3 months after activating the service.5</li>
</ul>
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2e77475c-f0c0-4d6f-bddc-9aa1121afb95/e13b1fb6-d297-4495-b361-dcc91ca65e69/Users can now seamlessly trade top cryptocurrencies in HKD and USD via the ZA Bank App.png" width="500" height="504"> Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD&mdash;all within a single platform, with no need to switch between apps or platforms. &nbsp; &mdash; Ends &mdash;
 &nbsp; Notes to editors:
<ol>
<li style="font-size: 12px;">1. As the first digital bank to launch in Hong Kong (previously called as &ldquo;virtual bank&rdquo;), ZA Bank had the highest number of users and customer deposits among the city&rsquo;s eight digital banks as of 30 June 2024. Source: Interim reports of 8 digital banks.</li>
<li style="font-size: 12px;">2. &lsquo;Asia's First&rsquo; refers to licensed banks in Asia (excluding West Asia) that, as of 20 November 2024, have a comprehensive regulatory framework for virtual assets and are members of FATF. This designation specifically applies to licensed banks that provide services for retail investors to trade cryptocurrencies directly using fiat currency through their main applications.</li>
<li style="font-size: 12px;">3. Source: <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://www.henleyglobal.com/publications/crypto-wealth-report-2024" target="_blank" rel="noopener">Crypto Wealth Report 2024</a></li>
<li style="font-size: 12px;">4. Hong Kong Association of Banks Digital Banking Education Taskforce commissioned a comprehensive <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://www.hkab.org.hk/en/news/press-release/309" target="_blank" rel="noopener">online survey</a> from 31 July to 8 August 2024, conducted by the School of Communication at Hong Kong Baptist University, to gauge public perception and usage patterns of digital banks. The survey engaged approximately 1,000 individuals and 200 SMEs.</li>
<li style="font-size: 12px;">5. From 20 November 2024 until 31 December 2025 (both dates inclusive), individual customers who have activated the Crypto Trading Service with ZA Bank can enjoy a $0 commission offer for Crypto trading in the first 3 months upon account activation, with no cap. <a style="color: rgb(50, 203, 157);" href="https://bank-invest.za.group/agreement/html/en_US/1001953" target="_blank" rel="noopener">Terms and conditions</a> apply to the Crypto $0 commission offer.</li>
</ol>
&nbsp;
Media enquiries
Please contact: <a style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a> 
&nbsp;
About ZA Bank&nbsp;
ZA Bank, licensed by the Hong Kong Monetary Authority in 2019, is Hong Kong's first and largest digital bank. With more than 800,000 users as of 30 June 2024, it leads the city&rsquo;s digital banking sector in customer base and deposits. ZA Bank&rsquo;s &ldquo;Community-Driven&rdquo; approach actively involves users in product development, resulting in tailored financial services for individuals, SMEs, and Web3 enterprises. The bank offers a comprehensive range of services including banking, investment, insurance, and business solutions. Recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; by The Asset and &ldquo;Hong Kong: Rising Star&rdquo; by Euromoney, ZA Bank continues to innovate in Hong Kong&rsquo;s financial landscape. It operates as a subsidiary of ZA Global, established in 2017, to explore global fintech and insurtech opportunities. For more information, visit <a href="https://bank.za.group" target="_blank" rel="noopener">https://bank.za.group</a>.&nbsp;
&nbsp;
Important risk statement
Investment involves risks. Virtual asset is a new asset class and developed on the basis of new technology, involving unanticipated risks associated with acquisition, storage, transfer and use. Prices of virtual assets could be highly volatile and investors are reminded to pay extra caution when deciding to invest in virtual assets. The content of this platform has not been reviewed by SFC or any regulatory authority in Hong Kong. This platform is solely for personal and non-commercial use and for general information and reference only. Re-distribution of any part in any means is strictly prohibited. Information on this platform is for reference only and does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction, nor does it constitute any prediction of likely future movements. Investor should not make investment decisions based solely on the information contained on this platform. The information and data in relation to virtual assets on this platform are provided by third party service providers, such as the SFC-licensed virtual asset trading platforms (&ldquo;Information Provider&rdquo;) unless otherwise specified. ZA Bank does not guarantee the accuracy or reliability of the information provided by the Information Provider and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission.
&nbsp;

ZA Bank becomes Asia’s first bank to offer crypto trading services for retail users

ZA Bank starts sandbox pilot of virtual asset trading service
&nbsp;
Hong Kong, 29 October 2024 &mdash; ZA Bank, Hong Kong&rsquo;s first and largest digital bank1, today announced that it had commenced the sandbox trial of its virtual asset trading service. This innovative service seeks to enable eligible Hong Kong retail investors to enjoy a more secure, reliable and convenient virtual asset trading experience in a strictly regulated banking environment, further driving fintech development in Hong Kong.
The global cryptocurrency market has enormous growth potential, with the total market capitalisation reaching over US$2 trillion to date2. A market study has also shown that 75% of Hong Kong retail investors surveyed expressed interest in trading cryptocurrencies3. Upon the successful completion of the pilot trial, ZA Bank will proactively start the preparatory work for the official launch of its virtual asset service to further address the investment needs of Hong Kong users through the ZA Bank App.
Ronald Iu, CEO of ZA Bank, said: &ldquo;This milestone not only signifies ZA Bank&rsquo;s continued progress towards our &lsquo;Banking for Web3&rsquo; vision, but also demonstrates our commitment to supporting the development of virtual assets in Hong Kong. The wave of favourable policies and good news from the Hong Kong government and the industry during the FinTech Week will inject new momentum into the local fintech ecosystem. As a pioneer in local financial innovation, ZA Bank looks forward to sharing more positive updates soon, catering to the demand for virtual assets among Hong Kong users and helping to strengthen the city&rsquo;s status as a leading international financial centre.&rdquo;
&nbsp;
&mdash; Ends &mdash;
&nbsp;
Notes to editors:
<ol>
<li style="font-size: 14px;">1. As the first digital bank to launch in Hong Kong, ZA Bank had the highest number of users and customer deposits among the city&rsquo;s eight digital banks as of 30 June 2024.&nbsp;Source: Interim reports of 8 digital banks.</li>
<li style="font-size: 14px;">2. Source: CoinMarketCap. Data as of 30 September 2024.</li>
<li style="font-size: 14px;">3. Source: <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="https://hkifa.org.hk/hkifa-investor-survey-2024-hong-kong-investors-show-cautious-optimism-keen-interest-in-ai-and-healthcare-sectors/" target="_blank" rel="noopener">HKIFA Investor Survey 2024</a>.</li>
</ol>
&nbsp;
Media enquiries
Please contact: <a style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a>&nbsp;
&nbsp;
About ZA Bank
ZA Bank, licensed by the Hong Kong Monetary Authority in 2019, is Hong Kong's first and largest digital bank. With more than 800,000 users as of 30 June 2024, it leads the city&rsquo;s digital banking sector in customer base and deposits. ZA Bank&rsquo;s &ldquo;Community-Driven&rdquo; approach actively involves users in product development, resulting in tailored financial services for individuals, SMEs, and Web3 enterprises. The bank offers a comprehensive range of services including banking, investment, insurance, and business solutions. Recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; by The Asset and &ldquo;Hong Kong: Rising Star&rdquo; by Euromoney, ZA Bank continues to innovate in Hong Kong&rsquo;s financial landscape. It operates as a subsidiary of ZA Global, established in 2017, to explore global fintech and insurtech opportunities. For more information, visit <a href="https://bank.za.group" target="_blank" rel="noopener">https://bank.za.group</a>.&nbsp;
&nbsp;

ZA Bank starts sandbox pilot of virtual asset trading service

ZA Bank unveils HK&rsquo;s first stock rebate programme &lsquo;StockBack&rsquo; &bull; Earn a free lucky draw of big-name US stocks after each successful stock purchase &bull; Users can enjoy additional limited-time free US stock giveaway by end-June
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/83a06a4f-dbfe-40a4-92d6-4031a7583ecd/ZA Bank first-in-HK StockBack programme.png" alt="" width="1000" height="382">
&nbsp;
Hong Kong, 18 June 2024 &mdash; ZA Bank today announced the launch of StockBack1, an innovative stock rebate programme that allows users to get a free lucky draw of big-name US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry where users can get &ldquo;stockback&rdquo; from every stock purchase for the first time in Hong Kong.
ZA Bank, Hong Kong&rsquo;s largest digital bank by user base, is committed to building an all-in-one digital wealth management platform with the launches of fund and US stock investment services. The rollout of StockBack will bring an upgraded stock investment experience to users.
From now until 31 December 2024, ZA Bank users will automatically get a StockBack for each successful purchase of US stocks1. Simply by logging into the dedicated campaign page and opening the PowerDraw box within 24 hours, users will receive a Designated US Stock Redemption Coupon. The designated stocks for the coupons include the top 100 US-listed companies and ETFs in terms of market capitalisation, such as Microsoft, Apple, Tesla and other technology giants. Users can instantly redeem the coupon for fractional shares in the form of market orders during US stock trading hours, or at the opening of the next trading day if the redemption is submitted outside of trading hours2, 3. There is no limit to the number of coupons that a user can receive, and the redeemed shares can be sold at any time, where all commissions and transaction-related fees will be waived for the sale orders of the fractional stock portion4.
Calvin Ng, Alternate Chief Executive of ZA Bank, said, &ldquo;As the only digital bank in Hong Kong that offers savings, insurance and investment in one single app, we provide a comprehensive suite of wealth management solutions to help more users embark on their investment journeys at a lower cost. In the initial week since the launch of StockBack, the daily count of users trading in US stocks has increased by nearly 80%, where the number of daily transaction orders has also recorded a substantial growth of about 120%. 5 Our aspiration is to become a banking app with the most engaging investment experience through this innovative offering.&rdquo;
In addition, from now until 30 June 2024, ZA Bank users can collect a designated capsule through ZA Quest6, and open it to randomly draw a big-name US stock worth up to USD 77.77. 3 The capsules are available on a first-come, first-served basis while stocks last.
The bank also announced the extension of its US stock commission offer. Users who trade US stocks via the ZA Bank App can enjoy a trading commission of only USD 0.012 per share (min USD 3.88 per order) by 31 July 2024, regardless of the price of the stock purchased7.
Calvin continued, &ldquo;With StockBack, we strive to democratise US stock investments for more users. Investing in US stocks is no longer a remote possibility, as users can get popular US stocks for free simply by opening the PowerDraw boxes to reach a new milestone in wealth management!&rdquo;
Starting from today, users can update the ZA Bank App to the latest version to enjoy the new experience of StockBack.
&nbsp;
&mdash; Ends &mdash;
&nbsp;
Notes to editors:
&nbsp;
Easy steps to participate in StockBack
<table style="border-collapse: collapse; width: 66.5619%; height: 1200.17px; border: 1px solid rgb(0, 0, 0);" border="1"><colgroup><col style="width: 18.8486%;"><col style="width: 81.1237%;"></colgroup>
<tbody>
<tr style="height: 254.052px;">
<td style="border-color: rgb(0, 0, 0); height: 254.052px;"><img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/e77abe22-eb4e-40c2-b718-d4bcb9cbc944/StockBack_EN_1.png" alt="" width="250"></td>
<td style="border-color: rgb(0, 0, 0); height: 254.052px;">1. Automatically get a StockBack for each successful purchase of US stocks1</td>
</tr>
<tr style="height: 242.24px;">
<td style="border-color: rgb(0, 0, 0); height: 242.24px;"><img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/39e26071-f98b-4fc3-ad73-758b2de2df3d/StockBack_EN_2.png" alt="" width="250"></td>
<td style="border-color: rgb(0, 0, 0); height: 242.24px;">2. Log into the dedicated campaign page and open the PowerDraw box</td>
</tr>
<tr style="height: 172.552px;">
<td style="border-color: rgb(0, 0, 0); height: 172.552px; text-align: center;"><img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/a908a053-90a6-4036-b267-f80d6fa5ca2f/StockBack_EN_3.png" alt="" width="250"></td>
<td style="border-color: rgb(0, 0, 0); height: 172.552px;">3. Randomly get a Designated US Stock Redemption Coupon</td>
</tr>
<tr style="height: 286.344px;">
<td style="border-color: rgb(0, 0, 0); height: 286.344px; text-align: center;"><img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/0f6ea043-b5bb-4fd2-8701-410ee813819d/StockBack_TC_4.png" alt="" width="250"></td>
<td style="border-color: rgb(0, 0, 0); height: 286.344px;">4. Instantly redeem the coupon for fractional shares in the form of market orders during US stock trading hours2,3</td>
</tr>
<tr style="height: 244.979px;">
<td style="border-color: rgb(0, 0, 0); height: 244.979px; text-align: center;"><img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/c712f9c0-b1c4-483d-b6d1-475c09e42038/StockBack_TC_5.png" alt="" width="250"></td>
<td style="border-color: rgb(0, 0, 0); height: 244.979px;">5. Find the corresponding fractional shares in the position, which can be sold at any time4</td>
</tr>
</tbody>
</table>
&nbsp;
<img style="max-width:100%" style="max-width: 100%;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/2f99b060-c453-423f-9d46-f3d883b12a07/8bc05ab0-7dae-44e9-8477-7b7cb7cc6616/ZA Bank users can enjoy additional limited-time free US stock giveaway by end-June.png" alt="" width="200">
From now until 30 June 2024, ZA Bank users can collect a designated capsule through ZA Quest6, and open it to randomly draw a big-name US stock worth up to USD 77.77.3 The capsules are available on a first-come, first-served basis while stocks last.
&nbsp;
<ol>
<li>1. &ldquo;StockBack&rdquo; refers to &ldquo;Stock PowerDraw&rdquo; chances. In each &ldquo;Stock PowerDraw&rdquo; chance, users will receive a Designated US Stock Redemption Coupon upon logging into the dedicated campaign page and opening the PowerDraw box within 24 hours. The promotion period is from today till 31 December 2024.&nbsp;<a href="https://bank-invest.za.group/agreement/html/en_US/1001728" target="_blank" rel="noopener">Terms and conditions</a> apply.</li>
<li>2. For the redeemable stocks, amount and validity period, please refer to the coupon details of the designated U.S. stock redemption coupon. Participants should pay attention to the name and code of their redeemable stocks, the trading status (US stock market opening status/stock trading status), the redeemable amount, the redemption deadline, Disclosure of transaction-related information, and Terms and Conditions for Investment. &nbsp;Stock Redemption Coupon is subject to its <a href="https://bank-invest.za.group/agreement/html/en_US/1001698" target="_blank" rel="noopener">terms and conditions</a>.</li>
<li>3. The actual redeemed quantities are subject to actual execution prices. Fees incurred during redemption (commission and other fees for redemption) are waived by ZA Bank. The submitted redemption request cannot be cancelled or modified. After successful exchange, the fractional shares calculated to the 4th decimal place will be deposited into users&rsquo; US stock account.</li>
<li>4. Commissions and transaction-related fees will be charged for sale order of the integer stock portion.</li>
<li>5. Based on a comparison of the daily averages of US stock trading days for the period 3-10 June 2024 with that for the period 1-31 May 2024.</li>
<li>6. ZA Quest is subject to its&nbsp;<a style="color: rgb(50, 203, 157);" href="https://bank.za.group/agreement/html/en_US/1000258" target="_blank" rel="noopener">terms and conditions</a>.</li>
<li>7. From now until 30 June 2024, users can enjoy the minimum commission per order as USD 3.88.&nbsp;<a style="color: rgb(50, 203, 157);" href="https://bank-invest.za.group/agreement/html/en_US/1001668" target="_blank" rel="noopener">Terms and conditions</a> apply.</li>
</ol>
&nbsp;
Media enquiries
Please contact: <a class="jumpConfirm" style="color: rgb(50, 203, 157);" href="mailto:media@za.group" target="_blank" rel="noopener">media@za.group</a>
&nbsp;
About ZA Bank &nbsp; ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA Global&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers. &nbsp; ZA Bank was recognised as &ldquo;Virtual Bank of the Year &ndash; Retail Banking (Hong Kong)&rdquo; in 2023 and 2024 for two consecutive years at The Asset Triple A Digital Awards. The ZA Bank App was also the top-rated Hong Kong retail banking app on Google Play as of 31 December 2023.
&nbsp;
 Investment involves risks. The price of stocks may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. The information in this platform is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with risk disclosure statements before making any investment decisions. &nbsp;In respect of eligible dispute (as defined in the terms of reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) out of the selling process or processing of the related transaction, ZA Bank will enter a Financial Dispute Resolution Scheme process with you. The platform is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available in the country or region.
&nbsp;

ZA Bank unveils HK’s first stock rebate programme ‘StockBack’

ZA Bank receives regulatory approval to prepare for U.S. stock trading service launch
&nbsp;
Hong Kong, 23 November 2023 &mdash; ZA Bank, Asia&rsquo;s Top Mobile Banking App1 and Hong Kong&rsquo;s Virtual Bank of the Year &ndash; Consumer2, today announced that the Hong Kong Securities and Futures Commission (&ldquo;SFC&rdquo;) has lifted the previous conditions on the Bank&rsquo;s licence registration of Type 1 (dealing in securities) regulated activity under which the Bank shall only carry on business of dealing in collective investment schemes. The Bank plans to roll out U.S. stock trading services in due course upon completion of the pilot trial.&nbsp;
ZA Bank users will soon be able to access a broader range of investment opportunities from stocks and ETFs to ADRs in the U.S. markets with just a few clicks in the ZA Bank App. With its strong tech DNA, ZA Bank is determined to minimise users&rsquo; fees with greater efficiency, alongside instant investment account opening for eligible users.&nbsp;
Ronald Iu, CEO of ZA Bank, said: &ldquo;ZA Bank aspires to build a future bank for now, one that empowers users to achieve their financial goals with ease and convenience. We are excited to add U.S. stock trading services to our product suite in due course. With exposure to the world&rsquo;s largest stock market in terms of capitalisation, users can capture the growth potential in some of the most valuable and influential companies across the globe. This marks another key milestone for ZA Bank in our commitment to creating a one-stop digital finance platform for users.&rdquo;&nbsp;
As a leading virtual bank in Hong Kong trusted by over 700,000 users, ZA Bank has been stepping up efforts to enhance its services in the investment space. The Bank officially launched investment fund services in August 2022, and has since collaborated with top international fund managers, including AllianceBernstein, Allianz Global Investors and J.P. Morgan Asset Management, to successfully onboard over 100 investment fund products with an 8-fold growth in total assets under management from the start of this year.
&nbsp;
&mdash; Ends &mdash;
&nbsp;
Notes to editors:
<ol>
<li>1. ZA Bank was recognised as Asia&rsquo;s top mobile banking app in Sia Partners&rsquo; 2023 International Mobile Banking Benchmark, a study on the current state of mobile banking in the EMEA region, North America, Asia and Australia and a peek into the future. For more information, please visit: <a class="jumpConfirm" style="color: #32cb9d; text-decoration: underline;" href="https://www.sia-partners.com/en/insights/publications/sia-partners-2023-international-mobile-banking-benchmark">https://www.sia-partners.com/en/insights/publications/sia-partners-2023-international-mobile-banking-benchmark</a>.&nbsp;</li>
<li>2. ZA Bank was recognised as &ldquo;Virtual Bank of the Year &ndash; Consumer (Hong Kong)&rdquo; in The Asset Triple A Digital Awards 2023. The Asset is a widely recognised business news and research organisation, delivering authoritative, unbiased and independent coverage on Asia&rsquo;s financial industry. For more information, please visit: <a class="jumpConfirm" style="color: #32cb9d; text-decoration: underline;" href="https://www.theasset.com/awards-single/digital-awards" target="_blank" rel="noopener">https://www.theasset.com/awards-single/digital-awards</a>.</li>
</ol>
&nbsp;
About ZA Bank ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data as of 30 June 2023, ZA Bank has gained the support of 700,000 users, becoming the largest virtual bank in Hong Kong in terms of user base with a leading position in the virtual banking industry in terms of customer deposits and assets. The bank was named Virtual Bank of the Year &ndash; Consumer (Hong Kong) in the The Asset Triple A Digital Awards 2023.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
Disclaimer: The above information is provided by ZA Bank for reference only, and the Bank is responsible for the accuracy of the information. ZA bank is not affiliated with the above-mentioned fund managers.

ZA Bank receives regulatory approval to prepare for U.S. stock trading service launch

ZA Bank opens operating account for OKX Hong Kong In collaborative effort to support Hong Kong&rsquo;s Web3 development
&nbsp;
Hong Kong, 1 November 2023 &ndash; ZA Bank, Hong Kong&rsquo;s No.1 virtual bank1, and OKX, a leading global virtual asset exchange and Web3 technology company, today announced that the bank has opened an operating account for OKX Hong Kong.
The ZA Bank operating account provides essential business banking services to support OKX Hong Kong&rsquo;s daily banking needs. This lends further support to OKX Hong Kong&rsquo;s plan to apply to the Securities and Futures Commission for the Virtual Asset Trading Platform (VATP) licence under the amended Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), and also the Type 1 &amp; 7 licences under the Securities and Futures Ordinance (SFO).
ZA Bank Alternate Chief Executive Devon Sin said: &ldquo;We&rsquo;re excited to be a trusted banking partner of OKX as it continues to grow its presence in Hong Kong. This is a further step towards realising our &lsquo;Banking for Web3&rsquo; vision, and we look forward to working closely with OKX in support of the healthy development of a vibrant Web3 ecosystem in Hong Kong under the new licensing regime for VATPs.&rdquo;&nbsp;
Earlier this year, ZA Bank has unveiled its ambition to become the go-to banking partner for SFC-licensed VATPs and Web3 companies in Hong Kong, with the aim of supporting the HKSAR Government&rsquo;s agenda of developing the city into a leading global hub for Web3 technologies.&nbsp;
OKX Global Chief Commercial Officer Lennix Lai said: &ldquo;As Hong Kong continues to develop into a leading international Web3 and virtual asset hub, close collaboration and banking relationships are critical. By working with ZA Bank, we aim to build the virtual asset space in Hong Kong and drive mass adoption, including joint investor education activities.&rdquo;
In March, OKX announced the establishment of OKX Hong Kong, and its intention to apply for the relevant licenses for virtual asset trading platforms.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c4dd233e-f276-4746-b3e1-e2fd6b74bd8e/4b6660eb-89b6-464b-a293-bae074eb1a8b/(From left) ZA Bank Alternate Chief Executive Devon Sin and OKX Global Chief Commercial Officer Lennix Lai .jpg" alt="" width="800" height="533" />
(From left) ZA Bank Alternate Chief Executive Devon Sin and OKX Global Chief Commercial Officer Lennix Lai 
&nbsp;
- Ends -
&nbsp;
Note to Editors:
1. &ldquo;No.1 Virtual Bank&rdquo; refers to ZA Bank&rsquo;s leading position derived from the total number of users, deposits and assets as of 30 June 2023 among the eight licensed virtual banks that provide digital banking services (Source: Interim reports of virtual banks).
&nbsp;
About ZA Bank 
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.&nbsp;
Based on market data as of 30 June 2023, ZA Bank has gained the support of 700,000 users, becoming the largest virtual bank in Hong Kong in terms of user base with a leading position in the virtual banking industry in terms of customer deposits and assets. The bank was named Virtual Bank of the Year &ndash; Consumer (Hong Kong) in the The Asset Triple A Digital Awards 2023.&nbsp;
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. 
Beyond OKX&rsquo;s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. 
OKX is committed to transparency and security and publishes its <a class="jumpConfirm" style="color: #32cb9d;" href="https://www.okx.com/proof-of-reserves" target="_blank" rel="noopener">Proof of Reserves</a> on a monthly basis. 
To learn more about OKX, download our app or visit: <a class="jumpConfirm" style="color: #32cb9d;" href="https://www.okx.com/" target="_blank" rel="noopener">okx.com</a>&nbsp;
 Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
&nbsp;

ZA Bank opens operating account for OKX Hong Kong

ZA Bank to launch virtual asset trading services for retail investors under new licensing regime
&nbsp;
Hong Kong, 24 May 2023 &mdash; ZA Bank, Hong Kong&rsquo;s No.1 virtual bank1, today unveiled its plan to introduce virtual asset trading services for retail investors. With this move, ZA Bank is set to support the Hong Kong SAR government&rsquo;s vision to develop a vibrant sector and ecosystem for virtual assets.
ZA Bank&rsquo;s plan was formulated in response to the growing demand for virtual assets in the city2. By partnering with Hong Kong-licensed virtual asset exchanges, ZA Bank aims to obtain the required regulatory approvals to enable retail investors to trade virtual assets by using fiat currency within the ZA Bank App.&nbsp; &nbsp; Ronald lu, CEO of ZA Bank, said: &ldquo;We welcome the licensing guidelines issued yesterday by the Hong Kong SFC, and we are excited to offer the new investment opportunities brought by virtual assets to our users. We believe that virtual assets hold the potential to become a significant asset class in the future. By offering virtual asset trading services, we will give our users the opportunity to stay ahead of the curve with ZA Bank under a regulated environment.&rdquo;
This move comes as part of ZA Bank&rsquo;s strategic expansion plan to provide a comprehensive suite of financial services. In addition to virtual asset trading, ZA Bank also plans to introduce US stock trading services in due course. These new offerings will further strengthen ZA Bank&rsquo;s position as an innovative wealth management platform, catering to the evolving needs of its users.
&ldquo;Users can look forward to a more diverse banking product suite as we continue to evolve in our mission to become a future bank for now,&rdquo; added Iu.
As a licensed bank in Hong Kong, ZA Bank adheres to the highest standard of customer security and regulatory compliance. Upon obtaining the necessary regulatory approvals for virtual asset trading services, ZA Bank will work closely with relevant stakeholders to implement appropriate safeguards to ensure the safety and integrity of its services.&nbsp;
These measures will encompass collaborating with trusted third-party providers, implementing advanced security protocols, and adhering to strict anti-money laundering (AML) and know-your-customer (KYC) regulations. In addition, ZA Bank plans to educate its users on the risks and benefits associated with virtual asset trading, to ensure that customers can make informed decisions.
&nbsp;
&mdash; Ends &mdash;
&nbsp;
Notes to editors:
<ol>
<li>1.&nbsp; &ldquo;No. 1 Virtual Bank&rdquo; refers to ZA Bank&rsquo;s leading position derived from the total number of users, deposits, assets and income as of 31 December 2022 among the eight licensed virtual banks (Source: Annual reports of eight virtual banks)</li>
<li>2.&nbsp; A study by the Investor and Financial Education Council revealed that some respondents plan to invest in virtual assets, with one in eleven (9%) expressing interest in holding virtual assets in the next 12 months. Source: <a style="color: #f8ac02;" href="https://www.ifec.org.hk/web/en/about-ifec/press-release/pr-20221003.page" target="_blank" rel="noopener">https://www.ifec.org.hk/web/en/about-ifec/press-release/pr-20221003.page</a>&nbsp;</li>
</ol>
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data as of 31 December 2022, ZA Bank has gained the support of more than 650,000 users, becoming the largest virtual bank in Hong Kong in terms of user base with a leading position in the virtual banking industry in terms of customer deposits, assets and income.&nbsp;
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank to launch virtual asset trading services for retail investors under new licensing regime

ZA Bank sets out &lsquo;Banking for Web3&rsquo; ambition Partners with HashKey Group to facilitate HK&rsquo;s development into Asia&rsquo;s Web3 hub
&nbsp;
ZA Bank has today announced its latest plan to become the go-to bank for the Web3 ecosystem, providing essential banking services to Web3 enterprises.
In an effort to support this goal, ZA Bank has become a Title Sponsor of the inaugural <a style="color: #32cb9d;" href="https://www.web3festival.org/hongkong2023/home?lang=en-US" target="_blank" rel="noopener">Hong Kong Web3 Festival 2023</a> (12-15 April 2023) co-hosted by HashKey Group (HashKey) and Wanxiang Blockchain Labs.
As part of its commitment to the Web3 community, ZA Bank is now fully equipped to serve as the settlement bank for regulated Web3 entities in Hong Kong, and is prepared to facilitate licensed virtual asset trading platforms (VATPs) like Hash Blockchain Limited to process and settle transactions in a timely fashion.&nbsp;
Recently, ZA Bank has also started offering online account opening for local SMEs/startups from the Web3 community, addressing a still-critical pain point for many SME owners in the Web3 ecosystem. With many traditional banks hesitant to offer such services, ZA Bank is offering a streamlined and efficient account opening process, allowing Web3 companies easier access to basic banking services.
Ronald Iu, CEO of ZA Bank, said: &ldquo;As Hong Kong is stepping up efforts to cultivate a Web3-friendly environment, ZA Bank&rsquo;s online account opening for Web3 startups represents a major step forward in the integration of traditional banking services with the Web3 world. It signals a greater acceptance and recognition of the importance of this emerging sector and hopefully will encourage other financial institutions to follow suit in offering tailored banking services for Web3 companies. We look forward to exploring collaborations with key global Web3 businesses such as HashKey, OKX, and more.&rdquo;
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/18ada6a7-38d2-4813-bc69-79b88bb98145/5e801fa7-5347-48a0-a85f-7b71d60a0e72/ZA Bank 行政總裁姚文松（Ronald）.JPG" alt="" width="800" height="532" />
Ronald Iu, CEO of ZA Bank
&nbsp;
- Ends -
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, ZA Bank secured a leading position in the Hong Kong virtual banking industry in terms of personal deposits and loan balance as of 30 June 2022. The Bank has also gained the support of more than 650,000 users as of 31 December 2022, becoming the largest virtual bank in terms of user base in Hong Kong.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
Notes to editors:
ZA Bank has officially launched its express online business account opening service on 1 April 2023.&nbsp;

ZA Bank sets out ‘Banking for Web3’ ambition

ZA Bank appoints Sonford Yuen as Chief Risk Officer
&nbsp;
ZA Bank Limited ("ZA Bank") has announced the appointment of Sonford Yuen as the new Chief Risk Officer with effect from 28 March 2023.
Sonford brings over 20 years of experience in banking and financial institutions. Prior to joining ZA Bank, Sonford was the Chief Risk Officer of Ping An OneConnect Bank Hong Kong, where he led and managed the risk management department and directly oversaw all aspects of risk functions.
Sonford also served as senior management in various financial institutions including Finaxar Group, DBS Bank, National Bank of Abu Dhabi and HSBC.

ZA Bank appoints Sonford Yuen as Chief Risk Officer

Appointment of Ronald Iu as ZA Bank new CEO
&nbsp;
ZA Bank Limited (&ldquo;ZA Bank&rdquo;) has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director, effective today.
Ronald joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer in February 2022, and later became Chief Risk Officer of ZA Bank. He has over two decades of solid experience in banking and finance, ranging from risk management, sales and marketing to the development of innovative FinTech products.
Prior to joining the ZA family, Ronald was Chief Executive of Airstar Bank. He also served as senior management in various global and local financial institutions, including GE Capital (HK), China CITIC Bank International, Standard Chartered, and PrimeCredit.
Ronald succeeds Rockson Hsu who has stepped down as CEO and Executive Director of ZA Bank to pursue new opportunities. The Board of ZA Bank would like to express its sincere gratitude to Rockson for his contribution to building ZA Bank as a leading digital bank in Hong Kong, and congratulate Ronald on his appointment.
Ronald will step down as Chief Risk Officer with immediate effect. ZA Bank will announce the appointment of a new CRO in due course.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/0d40012e-0ea1-4a26-8039-a8a39c8b2a38/1bbc434b-75bb-43d3-aeae-221edb42eaec/Ronald Iu_ZA Bank new CEO.png" alt="" width="500" height="667" />
&nbsp;
－ End －
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 30 June 2022, ZA Bank has gained the support of more than 600,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan &amp; advances.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

Appointment of Ronald Iu as ZA Bank new CEO

ZA Bank openly invites SMEs to join sandbox of express online account opening &nbsp; Account opening in as fast as one working day, saving at least 60% waiting time
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank1 ZA Bank has commenced the sandbox trial2 of ZA Dash (the &ldquo;Pilot Launch&rdquo;), an express online business account opening service. With a plan to invite 100 local small and medium-sized enterprises (SMEs) in Hong Kong to participate in the Pilot Launch, the Bank pledges to leverage its digital strengths to address the pain points of SMEs.
The Pilot Launch is available to SMEs across different sectors. Eligible companies must be registered and operating in Hong Kong, and with tax jurisdiction in Hong Kong only. They shall also meet other account opening requirements specified by ZA Bank3.
Hong Kong&rsquo;s SMEs have generally faced challenges in financing during the pandemic, making business account opening essential for companies to obtain sufficient loans in a timely manner. A survey4 showed that while SMEs&rsquo; demand for credit had remained more or less the same over the past year compared to pre-Covid levels, the average total financing size of SMEs had trended downwards. When asked about the pain points in the financing journey, 15% of respondents cited the lack of digitalisation from banks, where another 3% found difficulty in the onboarding process.
ZA Dash will help to fill the gap in addressing the financial needs of SMEs. The service seeks to lead the market with the following features:
<table style="border-collapse: collapse; width: 100%; border-color: #000000; height: 143px;" border="1">
<tbody>
<tr style="height: 107px;">
<td style="width: 38.0134%; height: 107px;">Express online account opening</td>
<td style="width: 61.2458%; height: 107px;">
Eligible companies can complete the business account opening procedures in as fast as one working day after submitting the full set of application documents online, at least two working days faster than the average account opening time of other existing commercial banking services. The whole process can be completed online and no in-person appointment is required, helping users save at least 60% of waiting time.
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 38.0134%; height: 18px;">Zero fees for account opening and transactions</td>
<td style="width: 61.2458%; height: 18px;">
During the sandbox trial, eligible companies can enjoy the following offers upon successful account opening via ZA Dash5:
<ul>
<li>&bull; &nbsp; &nbsp;An account opening fee waiver, including a total of HKD 1,200 account opening administrative fees and company search fees, to help companies start their businesses with ease.</li>
<li>&bull; &nbsp; &nbsp;An FSP transaction fee waiver for the first 6 months</li>
</ul>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 38.0134%; height: 18px;">One-stop online banking services</td>
<td style="width: 61.2458%; height: 18px;">
Companies can access a wide range of online banking services upon successful account opening, including local transfers, cross-border remittances and bulk payments, etc., with a convenient digital banking experience.
</td>
</tr>
</tbody>
</table>
&nbsp;
Devon Sin, Alternate Chief Executive of ZA Bank, said: &ldquo;As a pioneer in Hong Kong&rsquo;s FinTech space, ZA Bank has been dedicated to exploring more possibilities for the growth of SMEs through technological innovation. The launch of the sandbox trial of ZA Dash demonstrates our strong commitment to leveraging our digital edge to ease the burden on SMEs, bringing us one step closer to achieving our vision. We hope ZA Dash can become the starting point of SMEs&rsquo; journey in digital finance, making financing easier for them.&rdquo;
The sandbox trial of ZA Dash will run for a month until 30 December 2022. SMEs that are interested in joining the Pilot Launch can submit their applications at <a style="color: #f8ac02;" href="https://bank.za.group/en/business" target="_blank" rel="noopener">bank.za.group/en/business</a> on a first-come-first-served basis. ZA Bank will officially roll out the service in due course after completing this sandbox trial.
ZA Bank officially launched Business Banking for local SMEs on 22 March 2021. The Bank has since introduced a number of credit facilities to help SMEs tackle challenges in financing, including the SME Financing Guarantee Scheme &ldquo;ZME $18M Loan&rdquo; (80% Guarantee Product-revolving loan, and 80% or 90% Guarantee Product-instalment loan) and &ldquo;ZME Revolving Loan&rdquo;.
&nbsp;
－ End －
&nbsp;
Notes to editors:
<ol>
<li style="text-align: left;">1. &nbsp; &nbsp;&ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of customer deposits, loans &amp; advances and number of users as of 30 June 2022. Source: Interim results announcements of eight virtual banks.</li>
<li style="text-align: left;">2. &nbsp; &nbsp;The pilot trial will be conducted through the Fintech Supervisory Sandbox of the Hong Kong Monetary Authority.</li>
<li style="text-align: left;">3. &nbsp; &nbsp;For details, please visit: <a style="color: #f8ac02;" href="https://bit.ly/3UBYXG1" target="_blank" rel="noopener">bit.ly/3UBYXG1</a></li>
<li style="text-align: left;">4. &nbsp; &nbsp;Source: &ldquo;How to turn challenges into analytics-led innovations?&rdquo; co-published by TransUnion and EY.</li>
<li style="text-align: left;">5. &nbsp; &nbsp;Terms and conditions apply. For details, please visit: <a style="color: #f8ac02;" href="https://bit.ly/3W1hGvG" target="_blank" rel="noopener">bit.ly/3W1hGvG</a></li>
</ol>
&nbsp;
About ZA Bank 
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.&nbsp;
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 30 June 2022, ZA Bank has gained the support of more than 600,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loans &amp; advances.&nbsp;
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank openly invites SMEs to join sandbox of express online account opening

ZA Bank integrates Wise to become first HK bank to launch international transfers with no FX mark-ups or hidden fees
&nbsp;
Hong Kong, 23 November 2022: Hong Kong&rsquo;s No.1 virtual bank1 ZA Bank and <a href="http://www.wise.com/hk" target="_blank" rel="noopener">Wise</a>, (LON: WISE), the global technology company building the best way to move and manage money around the world, jointly announced a partnership today to offer low-cost and quick international money transfers to Hongkongers.&nbsp;
This partnership marks two firsts: ZA Bank becoming the first bank in Hong Kong to provide international money transfers with no exchange rate mark-ups or hidden fees, as well as Wise Platform&rsquo;s launch in Hong Kong with ZA Bank as its first neo-bank partner in East Asia.&nbsp;
Powered by <a href="https://platform.wise.com/" target="_blank" rel="noopener">Wise Platform</a>, Wise&rsquo;s infrastructure offering for banks and non-banks alike, ZA Bank users will soon be able to make cheap, fast and transparent international money transfers from HKD to 14 currencies, including AUD, USD, GBP, CAD, SGD and more.&nbsp;
The conventional way of sending money abroad through traditional financial institutions typically involves high charges and hidden fees, and most people are unaware of the actual costs until after the transaction is completed due to lack of transparency around fee structures. Indeed, an earlier study2 found that a whopping 86% of Hong Kong respondents could not identify the true cost of sending money abroad &mdash; which is often both the upfront transaction fee and the markup in the exchange rate.&nbsp;
This offering is now available to all ZA Bank users. Here are some highlights to watch out for:
<table style="border-collapse: collapse; width: 100%; height: 108px;" border="1">
<tbody>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">
Transfers in a blink
</td>
<td style="width: 78.1144%; height: 18px;">50% of all transfers globally sent with Wise are completed instantly (within 20 seconds)3</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">
Fair market rates
</td>
<td style="width: 78.1144%; height: 18px;">Mid-market rate4 is used with zero mark-ups</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">
Fees
</td>
<td style="width: 78.1144%; height: 18px;">
A single, upfront fee is shown transparently to customers. This consists of a Wise fee and a Convenience fee5
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">Transparent</td>
<td style="width: 78.1144%; height: 18px;">
ZA Bank App will notify you about the transfer&rsquo;s progress so you know exactly where the money is
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">Safe</td>
<td style="width: 78.1144%; height: 18px;">
Wise is regulated in every market they operate in, including in Hong Kong, while ZA Bank is a Hong Kong-licensed bank
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.1448%; height: 18px;">Hassle-free</td>
<td style="width: 78.1144%; height: 18px;">
Everything is done via ZA Bank App without switching to other apps / platforms
</td>
</tr>
</tbody>
</table>
&nbsp;
Calvin Ng, Alternate Chief Executive and Co-Head of Retail Banking at ZA Bank, said: &ldquo;We are delighted to partner with Wise, the UK-listed global tech company specialised in cross-border transactions, and become its first Hong Kong banking partner to launch this splendid experience. We always understand that high fees and low transparency are users&rsquo; common pain points in remittance. As the industry Game Changer, we successfully tackle these problems and now offer a hassle-free service to users, without worrying about any FX markup, hidden charges and transfer progress. &nbsp;We believe that the combined strengths of ZA Bank and Wise will bring users unrivalled service and convenience. We are looking forward to enriching our offerings in the era of &lsquo;Banking 2.0&rsquo;&rdquo;.
Vinay Palathinkal, Regional Head, Wise Platform, said: &ldquo;Bringing Wise Platform to Hong Kong takes us another step closer to achieving our mission of making moving money faster, cheaper and more transparent for everyone, everywhere. We&rsquo;re thrilled to have ZA Bank onboard as our first partner in Hong Kong, which would enable millions of more Hongkongers access faster, cheaper international transfers from HKD.
Palathinkal said: &ldquo;Though an email can travel around the world in a matter of seconds, moving money internationally is still incredibly cumbersome, slow and expensive. Wise and ZA Bank have a shared vision to change the status quo and provide a fairer, more transparent banking experience for everyone.&rdquo;
Wise Platform lets businesses, banks and other financial institutions integrate the magic of Wise right into their own platforms via the Wise API to offer cheaper, faster, easier payments to their own customers. Globally, Wise Platform is live with more than 50 bank and non-bank partners across the world, including Monzo in the UK, N26 in Germany, Shinhan Bank in South Korea and Aspire in Singapore.&nbsp;
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/52983457-16bd-4fde-9f08-9c5df2266430/0d9d247c-699b-4849-8f39-5ca5dbd0f672/IMG_0651_retouch.png" alt="" width="1000" height="667" />
(From left) Calvin Ng, Alternate Chief Executive and Co-Head of Retail Banking, ZA Bank; Vinay Palathinkal, Regional Head, Wise Platform; and James Chan, Director, Retail Banking, ZA Bank.
&nbsp;
Notes to editors:
<ol>
<li>1. &nbsp; &nbsp;&ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of customer deposits, loans &amp; advances and number of users as of 30 June 2022. Source: Interim results announcements of eight virtual banks.</li>
<li>2. &nbsp; &nbsp;Independent survey commissioned by Wise and conducted by Coleman Parkes Research. This took place between January 2022 to February 2022 with 1,000 consumers in Hong Kong. </li>
<li>3. &nbsp; &nbsp;<a style="color: #9ba0a1;" href="https://wise.com/gb/blog/q3-2022-mission-update-speed" target="_blank" rel="noopener">https://wise.com/gb/blog/q3-2022-mission-update-speed</a></li>
<li>4. &nbsp; &nbsp;Wise pulls the exchange rates from independent sources including Reuters, XE and Google to provide mid-market rates in real time, which is the midpoint between the buy and sell rates on the global currency markets.</li>
<li>5. &nbsp; &nbsp;The fee charged is based on the currency route and transfer amount</li>
</ol>
&nbsp;
&ndash; ENDS &ndash;
 About Wise Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold more than 50 currencies, move money between countries and spend money abroad. Huge companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.
Co-founded by Taavet Hinrikus and Kristo K&auml;&auml;rmann, Wise launched in 2011 under its original name TransferWise. It is one of the world&rsquo;s fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.
13 million people and businesses use Wise, which processes over &pound;9 billion in cross-border transactions every month, saving customers over &pound;1 billion a year.
 &nbsp; About ZA Bank ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 30 June 2022, ZA Bank has gained the support of more than 600,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loans &amp; advances.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

ZA Bank appoints Mr. Ronald Iu as Chief Risk Officer
&nbsp;
ZA Bank Limited (&ldquo;ZA Bank&rdquo;) has announced the appointment of Ronald Iu as the new Chief Risk Officer, effective from 30 August 2022.
Ronald has over two decades of experience in the banking and financial industry. Prior to joining ZA International in February 2022 as Chief Strategy Officer, Ronald was Chief Executive of Airstar Bank.
With his extensive banking experience, Ronald also served as senior management in various global and local financial institutions including GE Capital (HK), China CITIC Bank International, Standard Chartered, and PrimeCredit.

ZA Bank appoints Mr. Ronald Iu as Chief Risk Officer

ZA Bank launches investment fund service 0% subscription fees x 5-min account opening with fund subscription&nbsp;
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/4352f7d6-4a8a-480c-a1b2-a29770146252/de1a871c-c2ff-4727-96dd-0c18d9656f2d/ZA Bank launches investment fund service.png" alt="" width="1000" height="523" />
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank ZA Bank1 has officially launched its investment fund service, becoming the first virtual bank in town to offer a one-stop integrated personal financial platform, covering banking, investment, and insurance. As the city steps into the new era of &ldquo;Virtual Banking 2.0&rdquo;, let&rsquo;s &ldquo;buy funds via ZA Bank, and empower your finances today&rdquo;.
Trump card of ZA Bank&rsquo;s investment fund service:
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/4352f7d6-4a8a-480c-a1b2-a29770146252/5d52c065-9982-470c-ad38-4281bae46670/image.png" />
&nbsp;
Users can build their fund portfolios based on personal financial goals. Fund transactions are automatically settled directly from users&rsquo; savings accounts, enabling them to buy and sell funds in a hassle-free way anytime, anywhere. The in-app widgets such as "Investment Fund 101" and "Simple Screener" also give users a comprehensive understanding of each product&rsquo;s features.
Rockson Hsu, CEO of ZA Bank, said: "Virtual banks are playing an increasingly important role under the new normal, addressing people&rsquo;s financial needs around the clock with a fully digital servicing model. Following the debut of our insurance service last year, ZA Bank's banking services have now extended to the investment space. We kick-start our investment fund service with an excellent user experience, turning ZA Bank into a one-stop integrated digital financial platform that leads Hong Kong into the new era of 'Virtual Banking 2.0'. As a game changer in banking, ZA Bank strives to redefine investment fund experiences for our users by making investment easier and more autonomous.&rdquo;
From now until 30 September, users can complete the following 3 investment fund-related tasks in sequence in the ZA Bank App and get a capsule for each task. They have a chance to win cash rewards of up to HKD 1,8884 in total:
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/4352f7d6-4a8a-480c-a1b2-a29770146252/1e0b12a7-3122-4d09-905c-ea12eb963b73/image.png" />
&nbsp;
For details about ZA Bank&rsquo;s investment fund service, please visit <a style="color: #32cb9d; text-decoration: underline;" href="https://bank.za.group/en/fund" target="_blank" rel="noopener">bank.za.group/en/fund</a>.
&nbsp;
－ End －
&nbsp;
Notes to Editors：
<ol>
<li>1. &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of customer deposits, loan &amp; advances and number of users as of 31 Dec 2021. Source: Annual results announcements of eight virtual banks.</li>
<li>2. The promotion period is from now to 31 December 2022, both dates inclusive. Eligible users must successfully open an investment account with ZA Bank during the promotion period to enjoy the 0% subscription fee offer. <a style="color: #f8ac02;" href="https://bank-invest.za.group/agreement/pdf/en_US/1000538" target="_blank" rel="noopener">Terms and conditions</a> apply.&nbsp;</li>
<li>3. The time needed for investment account opening is subject to actual circumstances. In general, provided that no extra information is required, an existing ZA Bank user can open an investment account and complete fund subscriptions in as fast as 5 minutes.</li>
<li>4. Cash rewards are disbursed via ZA Quest in the form of ZA Coin, a third-party reward scheme operated by ZA International Financial Services Limited (ZAIF), at a rate of 100 ZA Coin = HKD 1. Participants must successfully link their ZA Bank account to their ZA Coin account to participate in the reward programme. <a style="color: #f8ac02;" href="https://bank-invest.za.group/agreement/html/en_US/1000445" target="_blank" rel="noopener">Terms and conditions</a> apply.&nbsp;</li>
</ol>
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 31 December 2021, ZA Bank has gained the support of more than 500,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan &amp; advances.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank launches investment fund service

Frederick Yip to step down as ZA Bank&rsquo;s CRO
&nbsp;
ZA Bank Limited (&ldquo;ZA Bank&rdquo;) today announced that Frederick Yip will step down as Chief Risk Officer with effect from 1 Aug 2022. Mr Yip played an instrumental role in overseeing risk management functions since he joined the Bank. ZA Bank would like to express its sincere gratitude to Mr Yip for his dedication and significant contribution to overseeing the Bank&rsquo;s risk management during his tenure in office.&nbsp;
The Bank has initiated the selection process to identify his successor and will announce further details in due course.

Frederick Yip to step down as ZA Bank’s CRO

ZA Carnival: Millionaire Edition returns!
Free classic game booths at Sino Malls
Celebrate &middot; Have Fun &middot; Win Prizes&nbsp;
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/63438484-2531-4fca-bdf7-276186e67e96/26e2f878-3877-43dd-9c3c-0448378af3dd/ZA Carnival-Millionaire Edition.jpg" alt="" width="1000" height="524" />
&nbsp;
Hong Kong&rsquo;s No. 1 virtual bank1 ZA Bank today announced the triumphant return of ZA Carnival: Millionaire Edition. This July and August, the Carnival will be back in town at two of Sino Group&rsquo;s premier shopping malls &ndash; Olympian City and tmtplaza in Tuen Mun. Best of all, the ZA Bank mascots Zappy and Alfie are ready to share the joys of summer with Hongkongers with several game booths and awesome prizes!
Challenge yourself at 8 free booths to win limited-edition ZA merchandise
ZA Carnival: Millionaire Edition will first arrive in Olympian City on 27 July, followed by tmtplaza in Tuen Mun on 11 August. The event features 8 classic booths, including Rainbow (coin toss), Ring (ring toss), Teeth (teeth knockout), Pinball etc., so take a trip down memory lane while enjoying the indoor air conditioning! Winners can also take home limited-edition ZA merchandise. And after participating in 5 game booth challenges, you will get one chance to draw a capsule from the real-life Millionaire PowerDraw machine with a guaranteed prize inside2!&nbsp; 
2-metre tall, real-life Millionaire PowerDraw machine, with 100+ MillionTix given out every day&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
With the recent viral success of the Millionaire PowerDraw 3 online campaign, ZA Bank has vowed to bring the same energy and vibes to life for ZA Carnival: Millionaire Edition. Just collect 5 Fortune Tickets by participating in 5 game booth challenges, and you will get a chance to draw a prize-containing capsule from the giant real-life Millionaire PowerDraw machine! You could get a MillionTix for the chance to win HKD 1 million in cash! Other wonderful prizes include: Uber ride offers, Toys &ldquo;R&rdquo; Us gifts, Sino Malls HKD 100 S Coupon, McDonald's gift certificates and more.2
Rockson Hsu, CEO of ZA Bank, said: &ldquo;We are delighted to host &lsquo;ZA Carnival&rsquo; once again. Through extending an online campaign to the physical world, members of the public can get a taste of the human touch of virtual banks. They will also gain first-hand experience of our philosophy of &lsquo;delighting users with every interaction&rsquo; via both online and offline channels. We hope to bring a sense of joy and solidarity to the community as the pandemic continues to linger on in the city.&rdquo;
Details of ZA Carnival: Millionaire Edition
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/63438484-2531-4fca-bdf7-276186e67e96/e5f5e92e-b329-4253-8c17-319261b836ee/image.png" width="902" height="186" />
&nbsp;
Extra: ZA Bank x Sino Group account opening and spending reward
From today until 12 September 2022, new ZA Bank users will get HKD 250 S Coupons upon successfully opening an account with the invitation code &ldquo;ZASN250&rdquo; and spending with ZA Card at any merchant within 14 calendar days4. During the promotion period, users can also enjoy up to 11% S Coupon rebates on ZA Card spending of specified amounts with 2 to 4 eligible transactions in each calendar month at designated merchants in Olympian City, tmtplaza and Citywalk5.
For more details about ZA Carnival: Millionaire Edition, please visit <a style="color: #32cb9d;" href="https://za.group/en/za-carnival" target="_blank" rel="noopener">za.group/en/za-carnival</a>.
&nbsp;
- End -
&nbsp;
Note to Editors:
<ol>
<li>1. &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of customer deposits, loan &amp; advances and number of users as of 31 Dec 2021. Source: Annual result announcements of eight virtual banks.</li>
<li>2. Participant will receive one Fortune Ticket after successfully participating in any game booth and one draw chance at the real-life Millionaire PowerDraw machine upon collecting five Fortune Tickets. Each Participant can queue up to draw from the real-life Millionaire PowerDraw machine one time per day during the Event Period. Prizes are limited in number, first come first served, while stocks last. <a href="https://cdn.zaticdn.com/if/ipage/prd/data/agreement/en_US/1000414.html" target="_blank" rel="noopener">Terms and Conditions&nbsp;</a>apply.</li>
<li>3. The "Millionaire PowerDraw" promotion period is from 1 July to 31 August 2022. There will be two rounds of lucky draw during the promotion period, with one for each calendar month. After participating in PowerDraw or completing designated tasks, users will have the opportunity to get a MillionTix. ZA Bank will draw one of the MillionTix after each round, and the owner of the MillionTix will receive an HKD 1,000,000 cash reward. <a href="https://bank.za.group/agreement/html/en_US/1000687" target="_blank" rel="noopener">Terms and conditions</a> apply.</li>
<li>4. During the promotion period of ZA Bank&rsquo;s account opening offer, eligible new users can receive HKD 250 S Coupon upon successful account opening with the designated invitation code and completing one transaction of any amount with ZA Card at any merchants within 14 calendar days. The offer is applicable to users who have registered as an S⁺ REWARDS member only. <a style="color: #f8ac02; text-decoration: underline;" href="https://bit.ly/3agmlrd" target="_blank" rel="noopener">Terms and conditions</a> apply.</li>
<li>5. During the promotion period of ZA Card spending rewards, users can enjoy up to 11% S Coupon rebates on 2 to 4 valid transactions of specified amounts at designated merchants from Sino Malls in each calendar month. The offer is applicable to users who have registered as an S⁺ REWARDS member only. <a href="https://bit.ly/3nFukkY" target="_blank" rel="noopener">Terms and conditions </a>apply.</li>
</ol>
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 31 December 2021, ZA Bank has gained the support of more than 500,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan &amp; advances.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Carnival: Millionaire Edition returns!

ZA Bank and Octopus roll out &lsquo;Get extra $500&rsquo; offer for Consumption Voucher Scheme Driving growth of Hong Kong&rsquo;s post-pandemic digital economy
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/e2dd316a-c3f1-4f27-b7c5-ec9275bffbd3/a41d7547-0597-4212-b951-fc7fe98c6084/ZA Bank x Octopus 'Get extra $500' CVS offer.png" alt="" width="1000" height="523" />
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank1 ZA Bank has partnered with Octopus Cards Limited (OCL) to launch the &ldquo;Get extra $500&rdquo; offer for the 2022 (Phase II) Consumption Voucher Scheme (&ldquo;2022 (Phase II) CVS&rdquo;). New ZA Bank users who choose Octopus cards to collect Phase II of the consumption vouchers can get extra HKD 500 Octopus top-up value upon successful account opening2.
The collaboration combines ZA Bank&rsquo;s marketing-leading innovative services, the convenience and accessibility of the ZA Bank App, as well as OCL&rsquo;s extensive network of users and merchants. It aims to help Hong Kong&rsquo;s local digital economy bloom in the post-pandemic period.
Rita Li, OCL&rsquo;s Sales and Marketing Director, said: &ldquo;We are pleased to partner with ZA Bank to bring more exciting offers to Octopus customers, encouraging them to experience ZA Bank&rsquo;s innovative virtual banking services. With ZA Bank&rsquo;s leading position in the virtual banking market, our collaboration will be a push for digital financial services and continuous spending during the disbursement period of the 2022 (Phase II) CVS.&rdquo;
Calvin Ng, Co-Head of Retail Banking at ZA Bank, said: &ldquo;This partnership brings together the unique strengths of Hong Kong&rsquo;s No.1 virtual bank ZA Bank and Octopus, the most popular stored value facility for collecting consumption vouchers. It will not only drive ZA Bank&rsquo;s growth and market share further, but also raise our brand awareness through OCL&rsquo;s strong network as more people enjoy a convenient and fully digitised experience in shopping and financial services. We have been offering solutions that are relevant to everyday life, such as the recent &lsquo;Revenge Spending&rsquo; programme in collaboration with different malls and merchants amidst a recovering market. We have also rolled out bancassurance products to address users&rsquo; needs. With our integrated financial platform covering banking, insurance and investment, we will continue to delight users with every interaction of financial products and services.&rdquo;
From today until 23 July 2022, new ZA Bank users who choose Octopus cards to collect Phase II of the consumption vouchers can get extra HKD 500 Octopus top-up value upon successful account opening with the invitation code &ldquo;OCTOPUS&rdquo;. This means they can get HKD 5,500 in total, while newly-registered eligible residents can receive HKD 10,500. Please stay tuned for further announcements by ZA Bank on the CVS offer for existing users.
For details about the &ldquo;Get extra $500&rdquo; offer, please visit <a style="color: #f8ac02;" href="https://bit.ly/3OcmA4X" target="_blank" rel="noopener">bit.ly/3OcmA4X</a>.
&nbsp;
－ End －
&nbsp;
Note to Editors:
<ol>
<li>1. &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of customer deposits, loan &amp; advances and number of users as of 31 Dec 2021. Source: Annual results announcements of eight virtual banks.</li>
<li>2. From today until 23 July 2022 (both dates inclusive), eligible users must submit an account opening application with the invitation code &ldquo;OCTOPUS&rdquo; and then submit his/her Octopus card number registered for the Phase II of 2022 Consumption Voucher Scheme in the ZA Bank App within 14 calendar days after successful account opening. The reward shall be collected through the Octopus App or Octopus Service Points after receiving the reward collection notification on or before 31 Aug 2022. Eligible users must have never opened any bank account with ZA Bank and held any product or service with ZA Bank. <a href="https://bank.za.group/agreement/html/en_US/1000665" target="_blank" rel="noopener">Terms and conditions</a> apply.</li>
</ol>
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data as of 31 December 2021, ZA Bank has gained the support of more than 500,000 users, becoming the largest virtual bank in terms of user base in Hong Kong with a leading position in the virtual banking industry in terms of customer deposits and loan &amp; advances.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
About Octopus Cards Limited (Licence Number: SVF0001)
Operating under the Stored Value Facilities Licence, Octopus Cards Limited (OCL) provides innovative offline and online Octopus payment services to meet customers&rsquo; diverse payment needs.
Launched in 1997 by OCL, the Octopus system in Hong Kong is one of the world's leading and most extensively accepted contactless smartcard payment systems. Its aspiration is to bring diversity and inclusion in payment to customers of all facets of life.
Today, more than 30 million Octopus cards and products are in circulation; spanning businesses including public transport, parking, retail, self-help services, schools, and leisure facilities, and access control for residential and commercial buildings. There are over 150,000 Octopus acceptance points in the market. Octopus&rsquo; application has been extended to online and mobile payment arenas with services including Octopus on iPhone and Apple Watch, Octopus on Samsung Pay, Octopus on Huawei Pay, Octopus App, Octopus Wallet, and Octopus Mastercard&reg;, bringing new payment experiences to customers.
The Octopus Group exports its unique experience and technology overseas, offering consultancy services across the world. The mission of OCL is simple: Making everyday life easier. For more information about OCL, please visit <a style="color: #f8ac02;" href="http://www.octopus.com.hk" target="_blank" rel="noopener">www.octopus.com.hk</a>.

ZA Bank and Octopus roll out 'Get extra $500' offer for Consumption Voucher Scheme

Generali Hong Kong and ZA Bank commence bancassurance partnership, the first of its kind between a global insurer and a virtual bank in Hong Kong
&nbsp;
Generali Hong Kong and Hong Kong's No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> - ZA Bank, today announced the commencement of their bancassurance partnership. This partnership is the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with the common goal being to excel in financial innovation and customer empowerment. Offering life insurance products issued by Generali Hong Kong on the ZA Bank App, it provides holistic and innovative protection that cover different stages of a customer's life.
The collaboration presents a digitally engaged journey which combines the convenience and accessibility of the ZA Bank App and the professionalism and human touch of an appointed insurance advisor from Generali Hong Kong. From accessing product details, scheduling a meeting with appointed insurance advisors to settling payments and reviewing policy documents, every step of the in-app experience aims to be seamless and ensures a personalized and user-friendly interaction that works. The first phase of launch comprises of five life products covering: critical illness, savings, retirement, Qualifying Deferred Annuity Policy, and life protection with return of premium.
Davide Glavina, CEO<a href="#_ftn2" name="_ftnref2">[2]</a> of Generali Life (Hong Kong) Limited and General Manager of Assicurazioni Generali S.p.A &ndash; Hong Kong Branch, said: &ldquo;The partnership is part of Generali&rsquo;s commitment to develop bancassurance distribution as a driver of sustainable growth. Taking pride in our 190 years of history, we aim to be a lifetime partner to our customers and have been pioneering innovative insurance solutions to meet their evolving needs. It makes us the natural partner for ZA Bank, a change agent in the banking space that provides 360&deg; protection for over 500,000 customers through technology. This insurer-virtual bank partnership allows Generali to combine our legacy of knowledge with ZA's expertise in fintech and their entrepreneurial spirit to devise unique and innovative offerings that empower customers. With this shared vision, we are confident of capturing, unleashing and creating new possibilities that benefit the broader community.&rdquo;
Rockson Hsu, CEO of ZA Bank, said: "As a new bank in Hong Kong, we dare to challenge the status quo with our vision to create a better banking experience. That makes us who we are today &ndash; a game-changing bank that has gained the trust of more than 6% of Hong Kong's total population. Looking forward, with our aspiration to become users' main bank covering their holistic financial needs, we will forge into the insurance ecosystem by collaborating with the industry enablers. The partnership with Generali is a significant step for us to reimagine insurance with technology and strengthen trust with our users. Creating sparks between a 190-year-old insurance group and a new digital bank, our partnership is a key milestone that we expect will be a big hit with users."
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/492c59ce-4a76-45c6-94fd-7dacaa271856/844a1db1-474f-414f-ae12-82ef78faf4d0/Generali Hong Kong and ZA Bank commence bancassurance partnership, the first of its kind between a global insurer and a virtual bank in Hong Kong.jpg" alt="" width="750" height="500" />
Please download high-resolution images <a href="https://ruderfinnasia-my.sharepoint.com/:f:/p/chann/Es_bsO023h1DtVGVukV8uDgBA_4At7qeIQoIADCLxz7fdA?e=BJrbRc">here</a>.
Generali Hong Kong refers to Assicurazioni Generali S.p.A &ndash; Hong Kong Branch and Generali Life (Hong Kong) Limited.
&nbsp;
- End -
&nbsp;
About Generali Hong Kong
In 1981, Assicurazioni Generali S.p.A. was first registered as an authorized insurer in Hong Kong. Over the years, Generali (through Assicurazioni Generali S.p.A. - Hong Kong Branch and Generali Life (Hong Kong) Limited) has enabled people to shape a safer future by caring for their lives and dreams. We focus on understanding the specific and unique requirements of our customers. This serves as the core of our action in providing solutions to meet our customers changing needs. In partnership with our distribution intermediaries and with the combination of our local knowledge and Generali Group&rsquo;s global network and expertise, we develop unique, innovative, simple and flexible insurance and financial solutions for our customers.
<a href="http://www.generali.com.hk">generali.com.hk</a>
&nbsp;
About Generali Group
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than &euro; 75.8 billion in 2021. With nearly 75,000 employees serving 67 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali&rsquo;s ambition is to be the life-time partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.
<a href="http://www.generali.com">generali.com</a>
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data, ZA Bank secured a leading position in the Hong Kong virtual banking industry in terms of personal deposits and loan balance as of 30 June 2021. The Bank has also gained the support of more than 500,000 users as of 31 December 2021, becoming the largest virtual bank in terms of user base in Hong Kong.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
<hr />
Remarks:
<a style="color: #9ba0a1;" href="#_ftnref1" name="_ftn1">[1]</a> No.1 is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. ZA Bank has also gained the support of more than 500,000 users as of 31 December 2021, becoming the largest virtual bank in terms of user base. Source: media reports.
<a style="color: #9ba0a1;" href="#_ftnref2" name="_ftn2">[2]</a> The appointment of Davide Glavina as Chief Executive Officer of Generali Life (Hong Kong) Limited remains subject to regulatory approval.

Generali Hong Kong and ZA Bank commence bancassurance partnership, the first of its kind between a global insurer and a virtual bank in Hong Kong

<h2 style="text-align: center;">ZA Bank becomes Hong Kong&rsquo;s first virtual bank to receive Type 1 SFC licence (dealing in securities) </h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has expanded its footprint into investment business as the first local digital-only bank to be licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).
ZA Bank will offer users simple and convenient investment services, with an initial focus on creating a different fund investment experience with an array of products in the pipeline. Users can then embark on a one-stop, holistic investment journey in the ZA Bank App anytime, anywhere. ZA Bank is currently one of the local virtual banks with the most comprehensive product suite to address users&rsquo; integrated financial needs, through its 24/7 services covering deposit, loan, transfer, payment, and insurance.
Rockson Hsu, CEO of ZA Bank, said: &ldquo;The obsession with user experience shows our determination to be the &lsquo;Game Changer&rsquo; in the banking industry. Within just 2 years since our full launch, our dedication to innovative banking services has earned us the trust and support of more than 500,000 users<a href="#_ftn2" name="_ftnref2">[2]</a>. We look forward to further enhancing users&rsquo; experience with our game-changing investment fund services!&rdquo;
ZA Bank will officially launch its investment fund service in due course. Please stay tuned.
&nbsp;
－End－
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data, ZA Bank secured a leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. The Bank has also gained the support of more than 500,000 users as of 31 December 2021, becoming the largest virtual bank in terms of user base.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. ZA Bank has also gained the support of more than 500,000 users as of 31 December 2021, becoming the largest virtual bank in terms of user base. Source: media reports.
<a href="#_ftnref2" name="_ftn2">[2]</a> As of 31 December 2021.

ZA Bank becomes Hong Kong’s first virtual bank to receive Type 1 SFC licence (dealing in securities) 

<h2 style="text-align: center;">ZA Bank debuts savings insurance at up to 2.5% p.a.<a href="#_ftn1" name="_ftnref1">[1]</a> guaranteed rate</h2>
<h2 style="text-align: center;">Returns calculated daily with zero fees for early surrender anytime</h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank ZA Bank<a href="#_ftn2" name="_ftnref2">[2]</a> today unveiled a new savings insurance plan in collaboration with virtual insurer ZA Insure. The offering comes with a guaranteed return rate of up to 2.5% p.a.<a href="#_ftn1" name="_ftnref1">[1]</a>, enabling users to achieve &ldquo;capital protection&rdquo; and &ldquo;wealth accumulation&rdquo; at the same time and in a flexible way.
&ldquo;ZA Savings Insurance&rdquo;<a href="#_ftn3" name="_ftnref3">[3]</a> (the &ldquo;Plan&rdquo;) includes the following features:
<ol>
<li>100% guaranteed returns: The Plan is a 3-year HKD savings insurance plan with a single premium payment term. Users can enjoy guaranteed returns of up to 2.5% p.a.<a href="#_ftn1" name="_ftnref1">[1]</a>&nbsp;upon maturity, protecting themselves from inflation with ease through stable capital growth.</li>
<li>Saving in your way: Traditional savings insurance products often require a 5-figure minimum premium, and if the policy holder surrenders the policy before maturity, the benefit amount may be considerably less than the premiums paid, which fails to address some people&rsquo;s needs. &ldquo;ZA Savings Insurance&rdquo; is currently the protection plan with the lowest entry requirement in town<a href="#_ftn4" name="_ftnref4">[4]</a>, with an objective to close the protection gap at affordable prices. Users can start their savings plan even with a premium as low as HKD 1. The Plan also allows users to withdraw their money from the policy without any charges.</li>
<li>Savings that grow every day: The guaranteed cash value of the Plan is compounded on a daily basis. Users can make every penny they earn count. </li>
</ol>
Calvin Ng, Co-Head of Retail Banking at ZA Bank, said: &ldquo;Not only ZA Bank is the leader of the virtual banking industry in terms of user base and deposit amount, we are also the only virtual bank in town that offers bancassurance products. Being the &lsquo;Game Changer&rsquo; means we dare to challenge the status quo as we keep on striving for the best. Therefore, we decided to introduce a savings insurance product which offers protection and stable growth in a flexible manner. In the face of rising prices, protection against inflation has been a lasting concern among users. The launch of &lsquo;ZA Savings Insurance&rsquo; is particularly meaningful, taking us one step further towards becoming users&rsquo; main bank.&rdquo;&nbsp;
Ng continued: &ldquo;Our flagship product &lsquo;ZA Savings Go&rsquo; has been well received by users, and that gave us inspiration when we were designing &lsquo;ZA Savings Insurance&rsquo;. The rollout of this product marks yet another breakthrough in our product innovation. We hope &lsquo;ZA Savings Insurance&rsquo; can assist users in reaching their financial goals gradually.&rdquo;
With a maximum premium of HKD 500,000, &ldquo;ZA Savings Insurance&rdquo; also provides life protection. In the case of any unfortunate events during the policy period, the Plan offers a death benefit<a href="#_ftn5" name="_ftnref5">[5]</a> protection. The Plan has a limited quota and is available on a first-come-first-served basis. Starting from today, both existing and new users can register to enter the waitlist through ZA Bank&rsquo;s official website or via ZA Bank App. Successfully registered users will receive a notification when the Plan is available on 13 December 2021.
For details about &ldquo;ZA Savings Insurance&rdquo;, please refer to the product brochure or visit <a href="https://bank.za.group/en/insurance/saving">bank.za.group/en/insurance/saving</a>.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/4356a4c6-104f-4f28-9c63-f0793d359124/image/f47e0645-5e8b-4230-af00-8d1373560c6d/image.png" width="1000" />
&nbsp;
－End－&nbsp;
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data, ZA Bank secured a leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. The Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
About ZA Insure
ZA Insure is a digital-only insurance platform which strives to break the time and wealth constraints on insurance products. It brings the needs of users back into focus and helps them obtain the most suitable protection at a most reasonable cost. ZA Insure is dedicated to providing a user experience that is simple, fast, and accessible through its 24/7 online platform from quotation, underwriting to claim.
ZA Insure is the trade name of ZA Life Limited, a joint venture between ZA International and Fubon Life Insurance (Hong Kong) Company Limited. On 4 May 2020, ZA Life Limited obtained a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track pilot scheme.
&nbsp;
<hr />
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;2.5% p.a. guaranteed rate&rdquo; refers to the Internal Rate of Return (IRR) of the policy at the end of the 3rd policy year (maturity), assuming no partial or full surrender has been made.
<a href="#_ftnref2" name="_ftn2">[2]</a> &lsquo;No.1&rsquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. ZA Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base. Source: media reports.
<a href="#_ftnref3" name="_ftn3">[3]</a> &ldquo;ZA Savings Insurance&rdquo; is a life insurance plan with a savings element underwritten by ZA Life Limited (&ldquo;ZA Insure&rdquo;), which is authorised and regulated by the Insurance Authority of the Hong Kong SAR. The Plan is not a bank deposit or bank savings plan. ZA Bank (&ldquo;ZA Bank Limited&rdquo;) is an insurance agent authorised by ZA Insure. Policy holders are subject to the credit risk of ZA Insure.
<a href="#_ftnref4" name="_ftn4">[4]</a> The statement about &ldquo;the lowest entry requirement in town&rdquo; is based on a comparison of the minimum premiums of existing short-term savings insurance plans offered by major insurance companies in Hong Kong as of November 2021. Source: 10Life (<a href="https://bit.ly/31Oiqxp">https://bit.ly/31Oiqxp</a>).
<a href="#_ftnref5" name="_ftn5">[5]</a> The death benefit is equivalent to 105% of the total premiums paid less any partial surrenders or the guaranteed cash value, whichever is higher.

ZA Bank debuts savings insurance at up to 2.5% p.a. guaranteed rate

<h2 style="text-align: center;">ZA Bank upgrades loan service</h2>
<h2 style="text-align: center;">Approval result will be released in 90 seconds with simple information input on website </h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank1 ZA Bank announced that starting from today, new users2 will get their loan application approval results3 instantly via ZA Bank&rsquo;s official website, enjoying a seamless and convenient digital finance experience.
The upgraded experience will beat popular lending services in the market. In order to receive the preliminary approval results in an immediate manner, applicants only have to visit the &ldquo;Borrow&rdquo; page on ZA Bank&rsquo;s website, click &ldquo;Apply Now&rdquo;, and then enter basic personal information. The whole journey will take place on one single website, where an application can be completed in as fast as 90 seconds4 without the need to submit any proof documents.
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;In most cases, loan applicants would expect to know the maximum loan amount or interest rate approved by banks as soon as possible. Yet currently some banks require new customers to submit proof documents as part of a time-consuming approval process. That is why ZA Bank decided to go the extra mile by eliminating the complicated procedures of app download and ID card scanning at the pre-approval stage, making the approval process faster than making a cup of instant noodles. This marks another breakthrough in the local banking industry, and once again shows our determination to be the &lsquo;Game Changer&rsquo;. Even for just a one-second difference, we hope to help users save time with a loan application process which is smoother and more effective.&rdquo;
In addition to existing loan offers, applicants can now get an extra HKD 100 Deliveroo coupon by applying for ZA Bank&rsquo;s loans and receiving the approval result via the official website5. From today until 31 March 2022, applicants will receive the Deliveroo coupon by viewing the preliminary approval result in the ZA Bank App within 24 hours after the result is released on the website.
For more information about the instant-approval loan service, please visit: <a href="https://bank.za.group/hk/loan">https://bank.za.group/hk/loan</a>.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/668b41eb-54ca-4d29-a0bc-a6ba73e8a949/image/16683f8c-db47-4092-9b4a-36a43d8955b9/Web-AIP-visual.png" alt="" width="1000" height="563" />
&nbsp;
－End－
&nbsp;
Note to Editors
Current loan offers provided by ZA Bank include:
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/668b41eb-54ca-4d29-a0bc-a6ba73e8a949/image/6e15d58e-a369-4bf4-9c88-2bc3b100ffae/image.png" width="802" height="633" />
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA Bank is Hong Kong&rsquo;s No.1 virtual bank. Based on market data, ZA Bank secured a leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. The Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
<hr />
Remarks:
<ol>
<li>1. &lsquo;No.1&rsquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of personal deposits and loan amount as of 30 June 2021. ZA Bank has also gained the support of more than 400,000 users as of 31 July 2021, becoming the largest virtual bank in terms of user base. Source: media reports.</li>
<li>2. Eligible persons must be Hong Kong residents aged 18 and above with a monthly salary of no less than HKD 8,000.</li>
<li>3. The approval results are preliminary. Users are required to submit proof documents before receiving the final approval. To borrow or not to borrow? Borrow only if you can repay!</li>
<li>4. The actual completion time varies across individuals. In general, provided that all required information is in order, an applicant can get the preliminary approval result within 90 seconds.</li>
<li>5. Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/html/en_US/1000124">https://bank.za.group/agreement/html/en_US/1000124</a>.</li>
<li>6. Each user will get a 10% discount coupon upon the loan application with an invitation code. The user can enjoy an Annualised Percentage Rate (APR) of 1.58% with the coupon by successfully drawing down of a loan of HKD 200,000 or above with a tenor of 6 to 36 months. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. Terms and conditions apply. For details, please visit: <a href="https://bank.za.group/hk/loan">https://bank.za.group/hk/loan</a>.</li>
<li>7. Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/hk/loan">https://bank.za.group/hk/loan</a>.</li>
<li>8. The rebate percentage varies depending on tenors. The cash rebate will be directly credited to users&rsquo; ZA Bank account in the subsequent month following the month of successful drawdown of the Card Statement Instalment Programme. Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/hk/statement-instalment">https://bank.za.group/hk/statement-instalment</a>.</li>
<li>9. Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/hk/invite-friends">https://bank.za.group/hk/invite-friends</a>.</li>
</ol>
&nbsp;

ZA Bank upgrades loan service; Approval result will be released in 90 seconds with simple information input on website

ZA Bank upgrades loan service

<h2 style="text-align: center;">ZA Bank streamlines financial management experience with &lsquo;fixed-rate&rsquo; tax loan at guaranteed 1.58% APR</h2>
&nbsp;
Driven by the motto of &ldquo;Be the Game Changer&rdquo;, Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has launched another tax loan with a fixed Annualised Percentage Rate (APR) to offer users a simple and straightforward financial management experience. From today until 31 December 2021 (&ldquo;Promotional Period&rdquo;), users can enjoy a guaranteed APR of 1.58% upon successful application for the tax loan with an invitation code and drawdown of a loan amount of HKD 200,000 or above with a tenor of 6 to 36 months<a href="#_ftn2" name="_ftnref2">[2]</a>.
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;Being the &lsquo;Game Changer&rsquo; means we are dedicated to creating the best experience for our users, even for just a basic banking product. As one of the evergreen products at ZA Bank, our tax loan has registered over 40,000 applications since its debut. In order to address the growing demand for this offering, we have brought a major upgrade to this current tax loan. Alongside its landmark &lsquo;fixed APR&rsquo; and seamless, fully-digital experience, we have offered an attractive pricing of 1.58% to provide users with a simple, clear and practical solution for financial planning. We hope this product can refresh the sophisticated image of traditional loan products.&rdquo;
ZA Bank will introduce two special offers during the promotional period:
<ul>
<li>&bull; For new users: Each user can get an HKD 400 cash reward upon successful account opening during the loan application process and drawdown of any amount<a href="#_ftn3" name="_ftnref3">[3]</a>;</li>
<li>&bull; For existing users: By referring a friend to successfully draw down a Tax Loan or Card Statement Instalment Program of HKD 50,000 or above with an invitation code from an existing user, the referrer can get a cash reward as follows<a href="#_ftn4" name="_ftnref4">[4]</a>: </li>
</ul>
<table style="width: 44.884%; height: 218px;">
<thead>
<tr style="height: 68px;">
<td style="width: 23.8602%; text-align: center; height: 68px;" width="124">
Number of referees
</td>
<td style="width: 34.8024%; text-align: center; height: 68px;" width="262">
Cash reward for each successful referral
</td>
<td style="width: 39.8176%; text-align: center; height: 68px;" width="262">
Total rewards
</td>
</tr>
<tr style="height: 50px;">
<td style="width: 23.8602%; text-align: center; height: 50px;" width="124">
1
</td>
<td style="width: 34.8024%; text-align: center; height: 50px;" width="262">
HKD 400
</td>
<td style="width: 39.8176%; text-align: center; height: 50px;" width="262">
HKD 400
</td>
</tr>
<tr style="height: 50px;">
<td style="width: 23.8602%; text-align: center; height: 50px;" width="124">
2 &ndash; 4
</td>
<td style="width: 34.8024%; text-align: center; height: 50px;" width="262">
HKD 600
</td>
<td style="width: 39.8176%; text-align: center; height: 50px;" width="262">
HKD 1,200 &ndash; HKD 2,400
</td>
</tr>
<tr style="height: 50px;">
<td style="width: 23.8602%; text-align: center; height: 50px;" width="124">
5 or above
</td>
<td style="width: 34.8024%; text-align: center; height: 50px;" width="262">
HKD 1000
</td>
<td style="width: 39.8176%; text-align: center; height: 50px;" width="262">
HKD 5,000 or above
</td>
</tr>
</thead>
</table>
&nbsp;
Please visit <a href="https://bit.ly/3mquAmL">bit.ly/3mquAmL</a> for more details about the fixed-rate tax loan and its promotional offers.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/01477644-9909-4ace-aa45-ddb79fd7baad/image/ed8f290e-763e-4dc2-b08b-dd6ba0625552/image.png" width="1000" height="523" />
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020. Source: <a href="https://bit.ly/3b5yEnE">https://bit.ly/3b5yEnE</a>.
<a href="#_ftnref2" name="_ftn2">[2]</a> Each user will get a 10% discount coupon upon the loan application with an invitation code. The user can enjoy an Annualised Percentage Rate (APR) of 1.58% with the coupon by successfully drawing down of a loan of HKD 200,000 or above with a tenor of 6 to 36 months. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. Terms and conditions apply. For details, please visit: <a href="https://bank.za.group/agreement/html/en_US/1000124">https://bank.za.group/agreement/html/en_US/1000124</a>. To borrow or not to borrow? Borrow only if you can repay!
<a href="#_ftnref3" name="_ftn3">[3]</a> Terms and conditions apply. For details, please visit: <a href="https://bank.za.group/agreement/html/en_US/1000124">https://bank.za.group/agreement/html/en_US/1000124</a>.
<a href="#_ftnref4" name="_ftn4">[4]</a> Terms and conditions apply. For details, please visit: <a href="https://bank.za.group/agreement/html/en_US/1000087">https://bank.za.group/agreement/html/en_US/1000087</a>.
&nbsp;
－End－
&nbsp;
Note to Editors
&nbsp;
Interest rates based on loan tenor:
&nbsp;
<table style="height: 368px;" width="697">
<tbody>
<tr style="height: 68px;">
<td style="text-align: center; height: 68px;" width="140">
Loan amount
</td>
<td style="text-align: center; height: 68px;" width="140">
Loan tenor
</td>
<td style="text-align: center; height: 68px;" width="141">
Monthly flat rate
</td>
<td style="text-align: center; height: 68px;" width="136">
APR
</td>
<td style="text-align: center; height: 68px;" width="140">
APR with discount coupon
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 300px;" rowspan="6" width="140">
HKD 200,000 or above
</td>
<td style="text-align: center; height: 50px;" width="140">
6 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0845%
</td>
<td style="text-align: center; height: 300px;" rowspan="6" width="136">
1.75%
</td>
<td style="text-align: center; height: 300px;" rowspan="6" width="140">
1.58%2
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 50px;" width="140">
9 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0805%
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 50px;" width="140">
12 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0786%
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 50px;" width="140">
18 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0767%
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 50px;" width="140">
24 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0758%
</td>
</tr>
<tr style="height: 50px;">
<td style="text-align: center; height: 50px;" width="140">
36 months
</td>
<td style="text-align: center; height: 50px;" width="141">
0.0750%
</td>
</tr>
</tbody>
</table>
&nbsp;
For a loan amount 1) below HKD 200,000; or 2) of HKD 200,000 or above with a tenor of 48 to 60 months, the corresponding APRs range from 3.73% to 33.93%. The final approval result is based on ZA Bank&rsquo;s decision upon a holistic review of an application, together with a user&rsquo;s final drawdown amount and repayment period.
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

ZA Bank streamlines financial management experience with ‘fixed-rate’ tax loan at guaranteed 1.58% APR

<h2 style="text-align: center;">ZA Bank launches &lsquo;ZA Bill Master&rsquo; to offer new credit card repayment experience</h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has introduced a Card Statement Instalment Programme &ldquo;ZA Bill Master&rdquo; to offer an all-new digital experience for credit card repayment. Starting from today, users can pay Visa or Master credit card bills issued by any banks in Hong Kong via ZA Bill Master in the ZA Bank App, enjoying flexible credit card bill management with technology.
ZA Bill Master has three key features:
<ul>
<li>More flexible instalment schedule: Users do not have to repay within the first 30 days after successful drawdown of Card Statement Instalment Programme<a href="#_ftn2" name="_ftnref2">[2]</a>. With a repayment period of up to 72 months, they can plan their finance with higher flexibility.</li>
<li>One-stop credit card repayment: ZA Bill Master covers Visa or Master credit card bills across banks. This allows users to settle credit card statements all in one go, bringing convenience to the next level.</li>
<li>Monthly handling fee as low as 0.1%<a href="#_ftn3" name="_ftnref3">[3]</a>: For an instalment amount of HKD 100,000, the monthly handling fee can be as low as HKD 100, making repayment budgeting much easier.</li>
</ul>
&nbsp;
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;Good banking products, and indeed any products, should feature convenience and practicability. However, some existing credit card instalment plans can only settle bills issued by respective card-issuing banks, failing to directly address users&rsquo; pain points. Driven by our motto of &lsquo;Be the Game Changer&rsquo;, we are dedicated to redefining the experience of managing credit card bills with ZA Bill Master. It allows credit card instalment products to stick to their intended purpose in a flexible and seamless way, enabling each user in need to &lsquo;master&rsquo; their credit card repayments and easing their burden even with multiple bills to be settled.&rdquo;
Sin continued: &ldquo;The rollout of ZA Bill Master marks another step in enhancing our payment offerings. As we enter into the second year of operation, our loan business is now better established. Looking ahead, we hope to further serve users&rsquo; financial needs with a broader suite of products and services.&rdquo;
From today until 30 September 2021, ZA Bank will offer both existing and new users a one-off cash rebate of up to 2% on the total instalment amount for each card statement instalment program upon successful application and drawdown<a href="#_ftn4" name="_ftnref4">[4]</a>. For more information about &ldquo;ZA Bill Master&rdquo; and the promotional offer, please visit: <a href="https://bank.za.group/en/statement-instalment">bank.za.group/en/statement-instalment</a>.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/897514f0-7fb1-4e2f-a0a7-e1c17c9a3537/image/ad82a76e-bded-4b43-88b5-11573a3a162e/ZA Bank launches Card Statement Instalment Programme 'ZA Bill Master'.png" alt="" width="1000" height="524" />
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref2" name="_ftn2">[2]</a> The drawdown day for Card Statement Instalment Program and the monthly repayment day are the same. For example, for a successful loan drawdown on 1 August 2021, the first repayment date will be 1 September 2021. Users will start repaying 30 days later on average.
<a href="#_ftnref3" name="_ftn3">[3]</a> For drawdown amount of HKD 100,000 with a 6-month tenor, the Annualised Percentage Rate (APR) is 2.07%. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay.
<a href="#_ftnref4" name="_ftn4">[4]</a> The cash rebate will be directly credited to users&rsquo; ZA Bank account in the subsequent month following the month of successful drawdown of the Card Statement Instalment Program. Terms and conditions apply.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

ZA Bank launches ‘ZA Bill Master’ to offer new credit card repayment experience

<h2 style="text-align: center;">ZA Bank launches Asia&rsquo;s first interest-free early payday product &lsquo;Salary FastPass&rsquo;</h2>
Offering unprecedented payroll experience to 4 million workers in Hong Kong
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank today announced the official launch of &ldquo;Salary FastPass&rdquo;, the first-ever interest-free early payday product in Asia that allows users to get their monthly payroll up to 7 days in advance. &ldquo;Salary FastPass&rdquo; seeks to give workers back a say in their salary and let them take back control of their payday.
Payroll matters to the livelihoods of some 4 million employed persons<a href="#_ftn2" name="_ftnref2">[2]</a> in Hong Kong. ZA Bank is therefore dedicated to changing the game in payroll services with &ldquo;Salary FastPass&rdquo;, redefining users&rsquo; conception of banking products with 3 key features:
<ul>
<li>&bull; Self-selected &ldquo;ZA Payday&rdquo; : On a date of their choosing, users can receive their monthly salary up to 7 days earlier than the original payday. &ldquo;Salary FastPass&rdquo; enables them to bid farewell to the passive way of getting paid and stay ahead of others, taking a significant step towards achieving &ldquo;my salary, my choice&rdquo;.</li>
<li>&bull; Interest-free early payday: No interest fees will be charged within 7 days from the ZA Payday. After the 7-day period, as the users maintain a sufficient balance in their ZA Bank savings account for auto debit<a href="#_ftn3" name="_ftnref3">[3]</a>, they would be able to enjoy early payday with no interest that month.</li>
<li>&bull; Simple flows: Users can complete the application for &ldquo;Salary FastPass&rdquo; in the ZA Bank App, without the need to change their payroll bank account. Upon finishing the one-time settings through the App, they are all set to enjoy auto-services for early payroll and repayment every month. </li>
</ul>
Rockson Hsu, CEO of ZA Bank, said: &ldquo;Some traditional payroll bank accounts are still featuring higher deposit rates or fee waivers, which may not be well-received by employees. Therefore we decided to be the &lsquo;Game Changer&rsquo; for all Hong Kong workers by creating the first interest-free early payday product in Asia, making every penny earned count. With &lsquo;Salary FastPass&rsquo;, we seek to revitalise the traditional mindset of Hong Kong&rsquo;s financial services sector and set the next trend.&rdquo;
Hsu continued: &ldquo;As a forerunner in the local virtual banking industry, our product roadmap is driven by users&rsquo; needs with an aim to cover every aspect of their daily lives. Our flagship product &lsquo;ZA Savings Go&rsquo; adds value to users&rsquo; salary with its market-leading 1% interest rate p.a.<a href="#_ftn4" name="_ftnref4">[4]</a>. Combined with &lsquo;Salary FastPass&rsquo; which seeks to help users get paid early, they can now satisfy both wishes of workers in one go. Following the launch of &lsquo;Salary FastPass&rsquo;, ZA Bank has offered users a better alternative to their main bank.
&ldquo;Salary FastPass&rdquo; is now open for applications from staff, their family and friends, as well as a selected group of users who can apply for the product once they receive an invitation from ZA Bank. Starting from today, both existing and new users can register to enter the waitlist through the official website or the ZA Bank App. If a user invites two more friends to join &ldquo;Early Payday Rangers&rdquo; after completing the registration, he or she will get an application quota immediately to enjoy a personalised payroll experience before others.
For more details about &ldquo;Salary FastPass&rdquo;, please visit: <a href="https://bank.za.group/en/salaryfastpass">bank.za.group/en/salaryfastpass</a>.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/6ebad702-8d92-4abb-8bb0-38cbd76a05e3/image/28374f57-0ec4-463f-9a8f-fbab52f03053/ZA Bank launches &lsquo;Salary FastPass&rsquo;.jpg" alt="" width="1000" height="523" />
&nbsp;
Notes to editors:
&nbsp;
Comparison between &ldquo;Salary FastPass&rdquo; and other early payroll services provided by foreign virtual banks
<table style="width: 89.4605%;" width="100%">
<tbody>
<tr>
<td style="width: 21%;" width="21%">
&nbsp;
</td>
<td style="text-align: center; width: 23%;" width="23%">
&ldquo;Salary FastPass&rdquo;
</td>
<td style="text-align: center; width: 18%;" width="18%">
Product A
</td>
<td style="text-align: center; width: 18%;" width="18%">
Product B
</td>
<td style="text-align: center; width: 18%;" width="18%">
Product C
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Region
</td>
<td style="text-align: center; width: 23%;" width="23%">
Hong Kong
</td>
<td style="text-align: center; width: 18%;" width="18%">
USA
</td>
<td style="text-align: center; width: 18%;" width="18%">
UK
</td>
<td style="text-align: center; width: 18%;" width="18%">
India
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Earliest day to get paid in advance
</td>
<td style="text-align: center; width: 23%;" width="23%">
7 days
</td>
<td style="text-align: center; width: 18%;" width="18%">
On demand per month
(1 business day in advance)
</td>
<td style="text-align: center; width: 18%;" width="18%">
2 days
</td>
<td style="text-align: center; width: 18%;" width="18%">
On demand
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Highest amount of early pay
</td>
<td style="text-align: center; width: 23%;" width="23%">
Full salary
</td>
<td style="text-align: center; width: 18%;" width="18%">
50% of salary
</td>
<td style="text-align: center; width: 18%;" width="18%">
Full salary
</td>
<td style="text-align: center; width: 18%;" width="18%">
2.5 times of salary
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Repayment method
</td>
<td style="text-align: center; width: 23%;" width="23%">
Auto-debit from ZA Bank account
</td>
<td style="text-align: center; width: 18%;" width="18%">
Directly deducted from salary
</td>
<td style="text-align: center; width: 18%;" width="18%">
Directly deducted from salary
</td>
<td style="text-align: center; width: 18%;" width="18%">
Instalments
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Interest on early-pay period
</td>
<td style="text-align: center; width: 23%;" width="23%">
No<a href="#_ftn5" name="_ftnref5">[5]</a>
</td>
<td style="text-align: center; width: 18%;" width="18%">
N/A
</td>
<td style="text-align: center; width: 18%;" width="18%">
N/A
</td>
<td style="text-align: center; width: 18%;" width="18%">
Yes
</td>
</tr>
<tr>
<td style="width: 21%;" width="21%">
Service fees
</td>
<td style="text-align: center; width: 23%;" width="23%">
Waived at present
</td>
<td style="text-align: center; width: 18%;" width="18%">
Yes
</td>
<td style="text-align: center; width: 18%;" width="18%">
No
</td>
<td style="text-align: center; width: 18%;" width="18%">
Yes
</td>
</tr>
</tbody>
</table>
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref2" name="_ftn2">[2]</a> Number of employed persons in Hong Kong as of 30 June 2021. Source: Census and Statistics Department (<a href="https://www.censtatd.gov.hk/en/scode200.html">https://www.censtatd.gov.hk/en/scode200.html</a>)
<a href="#_ftnref3" name="_ftn3">[3]</a> If a user does not have enough balance for auto-repayment on the 7th day after every ZA Payday, interest will be incurred. The Annualised Percentage Rate (&ldquo;APR&rdquo;) is 34.49% for a loan amount of HKD 200,000, calculated using method specified in relevant guidelines issued by the Hong Kong Association of Banks. Please refer to the <a href="https://bank.za.group/agreement/pdf/en_US/1000156">Key Facts Statement</a> for details. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. To borrow or not to borrow? Borrow only if you can repay!
<a href="#_ftnref4" name="_ftn4">[4]</a> The 1% interest rate p.a. of &ldquo;ZA Savings Go&rdquo; is only applicable to HKD current savings of HKD200,000 or below. <a href="https://cdn.za.group/bank/app/info/en/static/1007422.html">Terms and conditions</a> apply.
<a href="#_ftnref5" name="_ftn5">[5]</a> If a user does not have enough balance for auto-repayment on the 7th day after every ZA Payday, interest will be incurred. The Annualised Percentage Rate (&ldquo;APR&rdquo;) is 34.49% for a loan amount of HKD 200,000, calculated using method specified in relevant guidelines issued by the Hong Kong Association of Banks. Please refer to the <a href="https://bank.za.group/agreement/pdf/en_US/1000156">Key Facts Statement</a> for details. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualised rate. To borrow or not to borrow? Borrow only if you can repay!
&nbsp;
－End－
&nbsp;
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

ZA Bank launches Asia’s first interest-free early payday product ‘Salary FastPass’

<h2 style="text-align: center;">ZA Bank joins hands with Deliveroo to launch fast track rider application programme</h2>
<h2 style="text-align: center;">Priority for PLGS applicants to join Deliveroo&rsquo;s rider network with up to HKD 1,500 welcoming incentives</h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has announced a new collaboration with Deliveroo to offer priority earning opportunities at the city&rsquo;s leading delivery platform to applicants for the 100% Personal Loan Guarantee Scheme<a href="#_ftn2" name="_ftnref2">[2]</a> (PLGS) initiated by the HKSAR Government. This marks another attempt by ZA Bank to help unemployed individuals out of the present predicament.
From now until 30 November 2021 (the &ldquo;Promotion Period&rdquo;), unemployed individuals can enjoy three exclusive offers when applying to become a Deliveroo rider after submitting their PLGS application through the ZA Bank App<a href="#_ftn3" name="_ftnref3">[3]</a>:
<ol>
<li>1. Priority application processing: Each loan applicant will receive a unique fast-track application code upon submission of all required documents. When applying to be a rider with the code on Deliveroo&rsquo;s website, the applicant will be given priority to join the Deliveroo rider network<a href="#_ftn4" name="_ftnref4">[4]</a>, allowing him/her to get an alternative earning source in an independent and flexible way.</li>
<li>2. Free welcoming kit<a href="#_ftn5" name="_ftnref5">[5]</a>: Each applicant can get a free rider kit upon completing 30 orders within 30 days of becoming a Deliveroo rider. The kit includes an exclusive Deliveroo thermal bag, a waterproof jacket, and a short sleeve T-shirt (valued at HKD 200)<a href="#_ftn6" name="_ftnref6">[6]</a>.</li>
<li>3. Up to HKD 1,500 welcoming incentives<a href="#_ftn5" name="_ftnref5">[5]</a>: Each applicant can enjoy a welcoming cash incentive upon completing 50 orders during designated peak hours<a href="#_ftn7" name="_ftnref7">[7]</a> within 30 days of becoming a Deliveroo rider. The incentive amount is HKD 1,500 for scooters, and HKD 500 for cyclists and walkers<a href="#_ftn8" name="_ftnref8">[8]</a>.</li>
</ol>
Rockson Hsu, CEO of ZA Bank, said: &ldquo;ZA Bank is committed to a &lsquo;Community-Driven&rsquo; approach, which demonstrates our spirit of promoting community inclusion. After becoming the only virtual bank in Hong Kong to participate in the PLGS in early May, we are pleased to partner with Deliveroo to fulfil our social responsibilities and address local residents&rsquo; urgent needs with technology. Deliveroo has created many job opportunities for Hong Kong&rsquo;s F&amp;B industry during the pandemic. We believe this can complement the PLGS fully supported by ZA Bank and boost the local job market in joint effort.&rdquo;
Hsu continued: &ldquo;After earning the trust of over 300,000 users within just a year of launching our full business, we are looking to build a diversified collaboration model with our partners in the next stage. This will allow virtual banking to play a more significant role in Hongkongers&rsquo; daily lives. We hope this tie-up with Deliveroo can have a positive influence on the banking sector.&rdquo;
Karl Bachian, Operations Director of Deliveroo Hong Kong, said: &ldquo;Deliveroo is proud to offer alternative earning opportunities for people working in F&amp;B and other industries affected by the pandemic, to help them maintain their livelihoods. Riders are important partners for Deliveroo. In addition to flexible working schedules, we also provide accident insurance for our riders, giving them peace of mind. Deliveroo and ZA Bank share the same vision of leveraging technology to create new business models for traditional industries. We aim to add convenience to users&rsquo; daily lives while benefiting society as a whole.&rdquo;
ZA Bank is dedicated to disbursing loans to people in need in a timely manner through its fully-digital service model. The whole application process can be done within the ZA Bank App regardless of servicing hours, allowing Hong Kong residents to complete their loan applications without leaving the house. ZA Bank will offer eligible applicants<a href="#_ftn9" name="_ftnref9">[9]</a> a loan amount of up to HKD 80,000 <a href="#_ftn10" name="_ftnref10">[10]</a> under the PLGS, with a maximum tenor of 6 years and a fixed interest rate of 1% per annum. Applicants will have the option of principal repayment holidays for the first 12 months, under which they will only be required to make repayments of principal and interest in instalments over the remaining five-year repayment period. They will also receive a full rebate of the interest payment once the loan and interest are fully settled by the end of the repayment period.
From now until 31 July 2021, new ZA Bank users who successfully apply for the PLGS will get an HKD 400 cash reward upon successful account opening in the application process and loan drawdown<a href="#_ftn11" name="_ftnref11">[11]</a>. Besides, existing ZA Bank users can get an HKD 200 cash reward upon referring a friend to successfully apply for the PLGS with their invitation code, and subsequently draw down the loan and open an account during the application process. Each referee will also receive an additional HKD 100 on top of the basic HKD 400 cash reward<a href="#_ftn12" name="_ftnref12">[12]</a>.
For details about eligibility criteria and required documents for the PLGS, please visit: <a href="https://bank.za.group/en/plgs">bank.za.group/en/plgs</a>.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/8b258273-0528-47f9-acbd-dff178e5732f/image/328debd3-8d32-40e0-bf0b-74d3a3cd9a57/ZA Bank joins hands with Deliveroo to launch fast track rider application programme.jpg" alt="" width="1200" height="800" />
From now until 30 November 2021, unemployed individuals will be given priority to join the Deliveroo rider network with a unique fast-track application code after submitting their PLGS application through the ZA Bank App.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &lsquo;No.1&rsquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020. Source: <a href="https://bit.ly/3b5yEnE">https://bit.ly/3b5yEnE</a>.
<a href="#_ftnref2" name="_ftn2">[2]</a> The 100% Personal Loan Guarantee Scheme is administered by the HKMC Insurance Limited.
<a href="#_ftnref3" name="_ftn3">[3]</a> Applicants must complete the application for the 100% Personal Loan Guarantee Scheme in the ZA Bank App, including document upload and application confirmation.
<a href="#_ftnref4" name="_ftn4">[4]</a> Application time varies. Deliveroo will have the discretion to limit the number of applicants who are able to open Deliveroo rider accounts and benefit from the Deliveroo Offer depending on the business need and customer demand. The promotion campaign for fast-track applications is valid until 30 November 2021. Terms and Conditions apply. For details, please refer to: <a href="https://bit.ly/3Ayw9Fu">https://bit.ly/3Ayw9Fu</a>.&nbsp;
<a href="#_ftnref5" name="_ftn5">[5]</a> To be eligible for this offer, an applicant must successfully register as a Deliveroo rider on or before 30 November 2021 and fulfil the above conditions within 30 days of rider account opening.
<a href="#_ftnref6" name="_ftn6">[6]</a> Rider kits may vary for Scooters, Cyclists and Walkers. Applicants have to order their rider kit themselves first. Upon confirmation of completing 30 orders, the rider will receive an HKD 200 cash rebate on the next payment day (every Wednesday) via their bank account registered with Deliveroo. Terms and Conditions apply. For details, please refer to: <a href="https://bit.ly/3Ayw9Fu">https://bit.ly/3Ayw9Fu</a>. &nbsp;
<a href="#_ftnref7" name="_ftn7">[7]</a> &ldquo;Peak hours&rdquo; refers to 11:00 a.m. &ndash; 2:00 p.m. and 6:00 p.m. &ndash; 9:00 p.m.
<a href="#_ftnref8" name="_ftn8">[8]</a> Upon confirmation, the rider will receive the welcoming cash incentive on the next payment day (every Wednesday) via their bank account registered with Deliveroo. Terms and Conditions apply. For details, please refer to: <a href="https://bit.ly/3Ayw9Fu">https://bit.ly/3Ayw9Fu</a>.
<a href="#_ftnref9" name="_ftn9">[9]</a> Hong Kong permanent residents aged 18 or above may apply for loans under the PLGS provided that they have been unemployed for at least two months at the time of loan application and can produce proof of cessation of their main recurrent incomes. Self-employed individuals, freelancers, gig or casual workers are also eligible upon the production of a declaration of unemployment and proof of a loss of main recurrent incomes.
<a href="#_ftnref10" name="_ftn10">[10]</a> The maximum loan amount under the PLGS is HKD 80,000 or six times the average monthly income within the specified period, whichever is the lower.
<a href="#_ftnref11" name="_ftn11">[11]</a> The cut-off date for the promotion is 31 July 2021. This offer is only applicable to new users who open an account during the loan application process. The cash reward will be directly credited to the applicants&rsquo; ZA Bank account. Existing users are not eligible for this cash reward. Terms and Conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/html/en_US/1000057">https://bank.za.group/agreement/html/en_US/1000057</a>.
<a href="#_ftnref12" name="_ftn12">[12]</a> To be eligible for the HKD 100 cash reward, the Referee must successfully apply for the PLGS with an invitation code, draw down a loan amount of HKD 5,000 or above, and successfully open a ZA Bank account during the loan application process. The cash reward will be directly credited to the Referee&rsquo;s ZA Bank account. Terms and Conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/html/en_US/1000084">https://bank.za.group/agreement/html/en_US/1000084</a>.&nbsp;
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;
About Deliveroo
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. Deliveroo works with over 115,000 best-loved restaurants and grocery partners, as well as 100,000 riders to provide the best food delivery experience in the world. Deliveroo is headquartered in London, with around 2,000 employees in offices around the globe.
Deliveroo operates in nearly 800 locations across 12 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates, Kuwait and the United Kingdom.
&nbsp;

ZA Bank joins hands with Deliveroo to launch fast track rider application programme

<h2 style="text-align: center;">ZA Bank teams up with Octopus to step up consumption vouchers</h2>
<h2 style="text-align: center;">New users can win an extra HKD 5,000</h2>
<h2 style="text-align: center;">&nbsp;</h2>
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has announced a collaboration with Octopus Cards Limited (OCL) to promote the Consumption Voucher Scheme (the &ldquo;Campaign&rdquo;), becoming the first virtual bank to partner with OCL on this initiative.
From 1 July 2021 to 31 August 2021 (both dates inclusive) (the &ldquo;Promotion Period&rdquo;), Hong Kong residents may win an extra cash reward (the &ldquo;Reward&rdquo;) of up to HKD 5,018 offered by ZA Bank upon choosing Octopus Card to collect the Government&rsquo;s consumption vouchers and completing the following steps:
<ol>
<li>1. Becoming a new ZA Bank user without holding any products or services<a href="#_ftn2" name="_ftnref2">[2]</a> with the Bank before the Promotion Period;</li>
<li>2. Successfully opening a ZA Bank account with the invitation code &ldquo;OCT5000&rdquo; during the Promotion Period to get an HKD 18 cash reward<a href="#_ftn3" name="_ftnref3">[3]</a>;</li>
<li>3. Making a transaction with ZA Card at any merchant within 30 days after successful account opening<a href="#_ftn4" name="_ftnref4">[4]</a> to get a chance to win a cash reward ranging from HKD 100 to HKD 5,000 <a href="#_ftn5" name="_ftnref5">[5]</a>.</li>
</ol>
Rockson Hsu, CEO of ZA Bank, said: &ldquo;With Octopus Card, one of Hong Kong&rsquo;s most widely used stored value facilities among local residents and merchants, Hongkongers can collect their electronic consumption vouchers in a familiar, user-friendly, and convenient way. We are excited about this partnership with Octopus Card to jointly support the scheme, enabling residents who use Octopus Card to collect their consumption vouchers to take spending experience to the next level while enjoying more rewards. At the same time, we hope to further integrate virtual banking into people&rsquo;s daily lives through this initiative, thereby making a contribution to promoting electronic payments.&rdquo;
ZA Bank may ask participants to present information on using Octopus Card to collect the consumption vouchers disbursed by the Government. The reward will be forfeited if a participant fails to provide such information. Please visit <a href="https://bank.za.group/agreement/pdf/en_US/1000206">https://bank.za.group/agreement/pdf/en_US/1000206</a> to learn more about the Campaign&rsquo;s terms and conditions.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/fe34cfbb-ae20-4015-ba7c-fbda234f9060/image/a67c1f6a-29e1-4cae-b10b-6a80efb473d5/ZA Bank announces collaboration with Octopus to promote Consumption Voucher Scheme.png" alt="" width="1200" height="628" />
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref2" name="_ftn2">[2]</a> Including but not limited to deposit accounts and loan accounts.
<a href="#_ftnref3" name="_ftn3">[3]</a> Participants must pass the internal review by ZA Bank upon or after successful account opening. The HKD 18 will be directly credited to a user&rsquo;s ZA Bank savings account.
<a href="#_ftnref4" name="_ftn4">[4]</a> To be eligible for the lucky draw, participants must follow the instructions in the ZA Bank App to sign up for and activate ZA Coin, a third-party reward scheme operated by ZA International Financial Services Limited (&ldquo;ZAIF&rdquo;), via the ZAIF&rsquo;s website, and successfully link their ZA bank account to ZA Coin.
<a href="#_ftnref5" name="_ftn5">[5]</a> Each eligible participant will be entitled to a maximum of one lucky draw chance. Probability of each reward is not evenly distributed. The reward is in the form of ZA Coin at a rate of 100 ZA Coins = HKD 1. Upon successful redemption, the cash will be directly credited to the participant&rsquo;s ZA Bank HKD savings account. Terms and Conditions apply. For details, please visit: <a href="https://bank.za.group/agreement/pdf/en_US/1000206">https://bank.za.group/agreement/pdf/en_US/1000206</a>.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank teams up with Octopus to step up consumption vouchers

<h2 style="text-align: center;">ZA Bank appoints Simon Lee as Head of Internal Audit</h2>
&nbsp;
ZA Bank Limited (&ldquo;ZA Bank&rdquo; or the &ldquo;Bank&rdquo;) has announced the appointment of Simon Lee as Head of Internal Audit, effective from 1 June 2021. Simon takes charge of the Internal Audit function, which includes delivery of independent assurance on governance, risk management and the control environment at ZA Bank.
Simon is a seasoned internal audit professional with more than 17 years of experience in internal audit, anti-money laundering, risk consulting and regulatory advisory in the financial services industry, covering retail banking, commercial banking and asset management. Before joining the Bank, he was the Head of Internal Audit at Ant Bank (Hong Kong) and Bank of Shanghai (HK) respectively. He also served as the Senior Internal Audit Manager for Dah Sing Bank and Associate Director for Deloitte.&nbsp;
Simon holds bachelor&rsquo;s and master&rsquo;s degrees in Computer Science from The Chinese University of Hong Kong. He is a Certified Public Accountant (CPA), and a holder of CISA, CISSP, CIA and FRM.&nbsp;

ZA Bank appoints Simon Lee as Head of Internal Audit

<h2 style="text-align: center;">ZA Bank teams up with ZA Insure to launch pure life protection with best cost performance ratio in Hong Kong</h2>
<h2 style="text-align: center;">&lsquo;Best duo&rsquo; in finance formed to redefine pure life insurance</h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank, joining hands with virtual insurer ZA Insure, has announced that from today users can access &ldquo;ZA Life Protection&rdquo; in the ZA Bank App, a pure life protection<a href="#_ftn2" name="_ftnref2">[2]</a> with the best cost performance ratio<a href="#_ftn3" name="_ftnref3">[3]</a> in Hong Kong. This marks a new page in pure life insurance.
ZA Bank&rsquo;s new insurance service carries the following features:
<ul>
<li>Highest insured amount for life insurance: &ldquo;ZA Life Protection&rdquo;, powered by ZA Insure, offers up to HKD 10 million life protection, the highest sum insured among Hong Kong&rsquo;s virtual insurers at present<a href="#_ftn4" name="_ftnref4">[4]</a>. No body check is required for the applicants, and it is guaranteed that family medical history will have no impact on premiums or application reviews.</li>
<li>Good value for money in Hong Kong3: &ldquo;ZA Life Protection&rdquo; comes with highest cost performance ratio compared to existing term life insurance products with 5-year and 10-year coverage<a href="#_ftn5" name="_ftnref5">[5]</a>. For an 18-year-old non-smoking female holding a &ldquo;ZA Life Protection&rdquo; policy with 10-year coverage and HKD 10 million sum insured, the premium is only HKD 3,200 per annum<a href="#_ftn6" name="_ftnref6">[6]</a>. In terms of cost performance ratio3, a user will be insured with more than HKD 3,125 life protection for every HKD 1 premium, making each policy worth it.</li>
<li>Getting insured in minutes: Users can get a policy in as fast as 180 seconds<a href="#_ftn7" name="_ftnref7">[7]</a>, where all steps will be completed on the mobile phone without the need to meet a broker in person. This allows them to bid farewell to the traditional application experience which takes hours or even days.</li>
</ul>
Wayne Xu, President of ZA International and CEO of ZA Insure, said: &ldquo;ZA Bank&rsquo;s seamless user experience and ZA Insure&rsquo;s competitive &lsquo;ZA Life Protection&rsquo; combined have formed the &lsquo;best duo&rsquo; in finance, creating a different insurance service. This is the very first in-depth collaboration between a virtual bank and a virtual insurer in Hong Kong&rsquo;s financial market. Hongkongers can now enjoy a fully-digital, integrated wealth management experience that covers savings, loans, payments, spending and insurance. We are happy that ZA International&rsquo;s strategic approach in the local financial market has started to bear fruit. This marks a significant step forward in terms of facilitating Asia&rsquo;s FinTech development.&rdquo;
Rockson Hsu, CEO of ZA Bank, said: &ldquo;Riding on the success of our innovative features including ZA Card, ZA Quest and electronic lai-see, we continue to be the &lsquo;Game Changer&rsquo; and redefine pure life insurance products with our insurance offerings. From now on, users can access insurance products in the ZA Bank App and enjoy a one-stop virtual banking service without even leaving the house. Once again, ZA Bank has provided an all-new banking experience for users.&rdquo;
With ZA Bank&rsquo;s insurance service, users can also access cancer, heart attack and stroke protection plans. They will enjoy 20% off their first-year premium when applying for &ldquo;ZA Life Protection&rdquo;, &ldquo;ZA Cancer Protection&rdquo; and &ldquo;ZA Heart Attack and Stroke Protection&rdquo; through ZA Bank<a href="#_ftn8" name="_ftnref8">[8]</a>. For details, please visit: <a href="https://bank.za.group/en/insurance">bank.za.group/en/insurance</a>.
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/1662e9b6-58cd-4966-b45a-f3f6fd37a356/image/a81f0723-b722-402c-8d47-3cfcee1f1658/ZA Bank x ZA Insure_Best duo in finance.png" alt="" width="1000" height="430" />
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020. Source: <a href="https://bit.ly/3b5yEnE">https://bit.ly/3b5yEnE</a>.
<a href="#_ftnref2" name="_ftn2">[2]</a> Pure life protection refers to term life insurance with no savings component. The &ldquo;best cost performance ratio in Hong Kong&rdquo; is based on a market survey on pure life insurance products conducted on 21 April 2021.
<a href="#_ftnref3" name="_ftn3">[3]</a> Cost Performance Ratio = Sum Insured / Annual Premium.
<a href="#_ftnref4" name="_ftn4">[4]</a> As of 22 April 2021.
<a href="#_ftnref5" name="_ftn5">[5]</a> For applicants aged between 28 and 65.
<a href="#_ftnref6" name="_ftn6">[6]</a> Premium is for reference only. Actual premium may change based on the underwriting result.
<a href="#_ftnref7" name="_ftn7">[7]</a> The actual completion time varies across individuals. In general, provided that all required information is in order, a user can finish the application process within 3 minutes.
<a href="#_ftnref8" name="_ftn8">[8]</a> <a href="https://bank.za.group/agreement/html/en_US/1000085">Terms and Conditions</a> apply.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA International
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;
About ZA Insure
ZA Insure is a virtual insurance platform which strives to break the time and wealth constraints on insurance products. It brings the needs of users back into focus and helps them obtain the most suitable protection at a most reasonable cost. ZA Insure is dedicated to providing a user experience that is simple, fast, and accessible through its 24/7 online platform from quotation, underwriting to claim.
ZA Insure is the trade name of ZA Life Limited, a joint venture between ZA International and Fubon Life Insurance (Hong Kong) Company Limited. On 4 May 2020, ZA Life Limited obtained a virtual insurer license from the Hong Kong Insurance Authority under its Fast Track pilot scheme.
&nbsp;

ZA Bank teams up with ZA Insure to launch pure life protection with best cost performance ratio in Hong Kong

<h2 style="text-align: center;">&lsquo;$18M hassle free financing&rsquo;: ZA Bank launches &lsquo;ZME $18M Loan&rsquo;</h2>
<h2 style="text-align: center;">Becoming HK&rsquo;s first virtual bank to offer up to HKD 18 million financing guarantee facility<a href="#_ftn1" name="_ftnref1">[1]</a> </h2>
&nbsp;
<ul>
<li>Loan amount up to HKD 18 million1: Helping SMEs fill in the funding gap </li>
<li>Not limited to specific industries: Covering borrow needs of various SMEs in Hong Kong</li>
<li>Flexible offering: No interest charge on unused limit; SMEs can arrange drawdown and repayment based on actual needs</li>
<li>Guarantee fee fully subsidised <a href="#_ftn2" name="_ftnref2">[2]</a></li>
</ul>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn3" name="_ftnref3">[3]</a> ZA Bank has become the first virtual bank in the market to offer a financing guarantee facility of up to HKD 18 million1. The new product &ldquo;ZME $18M Loan&rdquo; is a business revolving loan under the SME Financing Guarantee Scheme (SFGS) launched by the HKMC Insurance Limited (HKMCI). This follows the launch of &ldquo;ZME Revolving Loan&rdquo; last month, allowing ZA Bank Business Banking to further provide small and medium-sized enterprises (SMEs) with customised loan products and services, and get them through operational challenges under the campaign &ldquo;$18M hassle free financing&rdquo;.
Financing is one of the common challenges facing the SME segment. SMEs either find difficulties in borrowing from banks, or receive a loan amount that cannot fully cover their funding needs. &ldquo;ZME $18M Loan&rdquo; is an &ldquo;80% Guarantee Product - Revolving Loan&rdquo; under the SFGS with a loan amount of up to HKD 18 million. Applications for &ldquo;ZME $18M Loan&rdquo; are not limited to specific industries, thereby addressing SMEs&rsquo; financing needs for real. Repayment plans are also more customised and flexible, as &ldquo;ZME $18M Loan&rdquo; allows room for SMEs to manage their finance based on actual fund usage without any interest charges for the unused limit.
Rockson Hsu, CEO of ZA Bank, said: &ldquo;Hong Kong&rsquo;s economy is still under pressure due to the pandemic and external factors. As a new bank that just celebrated the 1st birthday, ZA Bank well understands the challenges of growing an SME business. That is why we decided to roll out &lsquo;ZME $18M Loan&rsquo; of up to HKD 18 million for all local SMEs, one month after the official launch of our Business Banking. With this new offering under the tagline &lsquo;$18M hassle free financing&rsquo;, we hope to provide a relief to SMEs in terms of funding and help them focus on capturing growth opportunities in times of adversity.&rdquo;
&ldquo;ZME $18M Loan&rdquo; seeks to help SMEs save financing costs with an Annualised Percentage Rate (APR) as low as 2.75% <a href="#_ftn4" name="_ftnref4">[4]</a>. To further ease the burden on SMEs, ZA Bank will introduce the following promotional offers to users who successfully open an account and apply for &ldquo;ZME $18M Loan&rdquo;:
<ul>
<li>ZA Bank will fully subsidise the guarantee fee if users repay the loan on schedule within one year 2.</li>
<li>SMEs which successfully open an account will be exempted from handling fees for all inward transfers throughout 2021 <a href="#_ftn5" name="_ftnref5">[5]</a>.</li>
</ul>
On 22 March 2021, ZA Bank officially launched Business Banking and entered the SME loan business. With flexible and customised loan offerings, ZA Bank Business Banking is dedicated to helping SMEs established or incorporated in Hong Kong overcome challenges. The team of business banking veterans has rich experience and professional analytical skills, enabling them to offer tailor-made loan solutions that address enterprises&rsquo; actual needs.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> The maximum loan amount per borrower for the &ldquo;80% Guarantee Product - Revolving Loan&rdquo; under the SME Financing Guarantee Scheme (SFGS) is HKD 18 million. SFGS is offered by the HKMC Insurance Limited (HKMCI). To borrow or not to borrow? Borrow only if you can repay.
<a href="#_ftnref2" name="_ftn2">[2]</a> Guarantee fee amount is reviewed by the HKMCI and its decision shall be final. The offer is effective until 31 December 2021. Terms and Conditions apply. For details, please refer to: https://bank.za.group/agreement/pdf/en_US/1000071.
<a href="#_ftnref3" name="_ftn3">[3]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref4" name="_ftn4">[4]</a> Terms and Conditions apply. The APR is net of the interest subsidy under the SFGS. According to the SFGS, the annual interest subsidy rate is a facility&rsquo;s annual interest rate minus 2.75%, subject to a cap of 3%. Each eligible facility is entitled to interest subsidy for 12 months at maximum in a one-year subsidy period. Please refer to &ldquo;SME Financing Guarantee Scheme Factsheet&rdquo; for details. APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate.
<a href="#_ftnref5" name="_ftn5">[5]</a> Terms and Conditions apply. For details, please refer to: https://bank.za.group/agreement/html/en_US/1000010. The offer is effective from 1 June 2021 to 31 December 2021 (both days inclusive), and the accumulative maximum fee waiver is HKD 5,000.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.
&nbsp;

‘$18M hassle free financing’: ZA Bank launches ‘ZME $18M Loan’

<h2 style="text-align: center;">ZA Bank becomes only virtual bank to support 100% Personal Loan Guarantee Scheme</h2>
<h2 style="text-align: center;">&lsquo;HKD 80k Loan Support for Unemployed&rsquo;</h2>
&nbsp;
The pandemic-hit labour market has placed some Hongkongers in a vulnerable position. In order to offer timely assistance to unemployed individuals, Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has become the city&rsquo;s only virtual bank to participate in and fully support the &ldquo;100% Personal Loan Guarantee Scheme&rdquo; (the &ldquo;Scheme&rdquo;) announced by the HKSAR Government.
ZA Bank will offer eligible applicants<a href="#_ftn2" name="_ftnref2">[2]</a> for the Scheme a loan amount of up to HKD 80,000, with a maximum tenor of 6 years and a fixed interest rate of 1% per annum. Applicants will have the option of principal repayment holidays for the first 12 months, under which they will only be required to make repayments of principal and interest in instalments over the remaining five-year repayment period. They will also receive a full rebate of the interest payment once the loan and interest are fully settled by the end of the repayment period. As a way to cheer Hongkongers in need up, ZA Bank will offer an additional HKD 400 in cash for successful applicants who open an account<a href="#_ftn3" name="_ftnref3">[3]</a> during the loan application process.
Pre-registration for the Scheme will begin from today on ZA Bank&rsquo;s official website (<a href="https://bank.za.group/en/plgs">https://bank.za.group/en/plgs</a>), and members of the public can submit their applications in the ZA Bank App starting from early May. All steps will be completed on the mobile phone without the need for physical presence, providing a simple, convenient and personalised way for unemployed individuals to address their financial needs regardless of service hours.
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;ZA Bank is committed to fulfilling our social responsibilities. Following our participation in the Government&rsquo;s Cash Payout Scheme last year, we once again become the only virtual bank to support the PLGS and give unemployed individuals access to loan relief with technology. We believe that ZA Bank&rsquo;s fully digital service model can help disburse the loans swiftly to those in need under the Scheme, allowing them to complete the applications without leaving the house amidst the pandemic.&rdquo;
Sin added: &ldquo;With HKD 400, an applicant can make 21 MTR trips from Sha Tin Station to Central Station with a Single Journey Ticket<a href="#_ftn4" name="_ftnref4">[4]</a>. The same amount can also cover the interest for the first six months after applying for a loan amount of HKD 80,000 under the PLGS<a href="#_ftn5" name="_ftnref5">[5]</a>. We hope to offer this cash reward as a sweetener to the difficult situations facing unemployed individuals and get them through the current dark times alongside the Scheme.&rdquo;
Meanwhile, ZA Bank will work with partners including part-time and temporary job recruitment platform WorkKing<a href="#_ftn6" name="_ftnref6">[6]</a> to provide matching services as an encouragement to the unemployed population.
During the Scheme, all ZA Bank users can get an HKD 200 cash reward upon referring a friend to successfully apply for the Scheme and open an account with their invitation code during the loan application process. Each referee will receive an additional HKD 100 on top of the basic HKD 400 cash reward<a href="#_ftn7" name="_ftnref7">[7]</a>. There is no limit to the cash rewards &ndash; the more friends a user refers, the more rewards he/she can get<a href="#_ftn8" name="_ftnref8">[8]</a>.
For details about eligibility criteria and required documents, please visit: <a href="https://bank.za.group/en/plgs">https://bank.za.group/en/plgs</a>.
&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/2d7f6585-ce9b-4195-975b-21a51bc30513/image/78792297-a8c8-468b-a5ef-6acb8320f02f/Picture1.jpg" alt="" width="1200" height="800" />
(From left) Devon Sin, Co-Head of Retail Banking at ZA Bank; Eric Wong, Founder of WorkKing; and Rockson Hsu, CEO of ZA Bank.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref2" name="_ftn2">[2]</a> Hong Kong permanent residents aged 18 or above may apply for loans under the PLGS provided that they have been unemployed for at least two months at the time of loan application and can produce proof of cessation of their main recurrent incomes. Self-employed individuals, freelancers, gig or casual workers are also eligible upon the production of a declaration of unemployment and proof of a loss of main recurrent incomes.
<a href="#_ftnref3" name="_ftn3">[3]</a> The cut-off date for the promotion is 31 May 2021. This offer is only applicable to new users who open an account during the loan application process. The cash reward will be directly credited to the applicants&rsquo; ZA Bank account. Existing users are not eligible for cash rewards. <a href="https://bank.za.group/agreement/html/en_US/1000057">Terms and Conditions</a> apply.
<a href="#_ftnref4" name="_ftn4">[4]</a> According to MTR&rsquo;s official website (<a href="http://www.mtr.com.hk/en/customer/st/index.php">http://www.mtr.com.hk/en/customer/st/index.php</a>), the fare for a trip from Sha Tin Station to Central Station with a Single Journey Ticket is HKD 18.5 as of 21 April 2021.
<a href="#_ftnref5" name="_ftn5">[5]</a> For a loan amount of HKD 80,000 under the PLGS with principal moratorium, the interest for the first 6 months is HKD 400 = (HKD 80,000 x 1% / 2). A fixed interest rate of 1% per annum will be charged under the PLGS.
<a href="#_ftnref6" name="_ftn6">[6]</a> Disclaimer: WorkKing will not collect any personal data from users on behalf of ZA Bank. Anyone interested in applying for the PLGS shall submit an application to ZA Bank directly.
<a href="#_ftnref7" name="_ftn7">[7]</a> The cut-off date for the campaign is 31 May 2021. Referees can get an HKD 100 cash reward only if they apply for the Scheme and open a ZA Bank account with an invitation code during the loan application process. The cash reward will be directly credited to the Referees&rsquo; ZA Bank account. For details, please visit: <a href="https://bank.za.group/agreement/html/en_US/1000057">https://bank.za.group/agreement/html/en_US/1000057</a>.
<a href="#_ftnref8" name="_ftn8">[8]</a> <a href="https://bank.za.group/agreement/html/en_US/1000057">Terms and Conditions</a> apply.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank becomes only virtual bank to support 100% Personal Loan Guarantee Scheme

<h2 style="text-align: center;">ZA Bank launches personal loan with 1.99% APR as &lsquo;fixed rates&rsquo; become emerging trend</h2>
<h2 style="text-align: center;">New users can get HKD 400 cash rewards upon successful application</h2>
&nbsp;
Hong Kong&rsquo;s No.1 virtual bank<a href="#_ftn1" name="_ftnref1">[1]</a> ZA Bank has launched a personal loan with a fixed Annualised Percentage Rate (APR) of 1.99%<a href="#_ftn2" name="_ftnref2">[2]</a>, offering a convenient and seamless borrowing experience as part of its continuous effort to be the &ldquo;game changer&rdquo;. From 1 April 2021 to 31 May 2021 (the &ldquo;promotion period&rdquo;), ZA Bank will offer a guaranteed 1.99% APR for users who successfully apply for and draw down a personal instalment loan amount of HKD 200,000 or above with a tenor of 6 to 24 months.
APRs serve as an important reference point when it comes to credit planning. ZA Bank is well aware that the exiting marketing wordplay for loans such as &ldquo;APR as low as XX%&rdquo; cannot objectively reflect the actual borrowing cost. In order to provide users with clear product information for decision making in a timely manner, ZA Bank is committed to a fixed-rate mechanism when setting APRs for loan products, enabling users to reduce the time cost on back-and-forth calculations.
Interest rates based on loan tenor:
<table width="600">
<tbody>
<tr>
<td width="150">
Loan amount
</td>
<td width="150">
Loan tenor
</td>
<td width="150">
Monthly flat rate
</td>
<td width="151">
APR
</td>
</tr>
<tr>
<td rowspan="5" width="150">
HKD 200,000 or above
</td>
<td width="150">
6 months
</td>
<td width="150">
0.0960%
</td>
<td rowspan="5" width="151">
Guaranteed 1.99%
</td>
</tr>
<tr>
<td width="150">
9 months
</td>
<td width="150">
0.0915%
</td>
</tr>
<tr>
<td width="150">
12 months
</td>
<td width="150">
0.0893%
</td>
</tr>
<tr>
<td width="150">
18 months
</td>
<td width="150">
0.0871%
</td>
</tr>
<tr>
<td width="150">
24 months
</td>
<td width="150">
0.0861%
</td>
</tr>
</tbody>
</table>
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;APRs for loans are determined by various factors, including personal credit rating, loan amount, loan tenor, etc. Applicants often have to spend extra efforts in understanding and comparing different products. In order to tackle this pain point, we are committed to streamlining users&rsquo; borrowing experience with a unique product concept that features fixed APRs. During the past tax season, we have introduced the &lsquo;guaranteed 0.07% monthly flat rate&rsquo; and &lsquo;guaranteed 1.88% APR&rsquo;<a href="#_ftn3" name="_ftnref3">[3]</a> offers in November last year and this January respectively. As of 25 March 2021, our loan amount has registered an average month-on-month growth of 128%, with an average per-capita loan amount of HKD 240,000. This demonstrates a growing interest among users in loan products that feature fixed APRs, giving rise to an emerging trend in the loan space.&rdquo;
The new offer comes with a 7-day cooling-off period, within which ZA Bank will waive the handling fee for early loan redemption after the drawdown date. During the promotion period, all new ZA Bank users will get HKD 400 cash rewards upon successful account opening in the loan application process and drawdown of any amount<a href="#_ftn4" name="_ftnref4">[4]</a>. All procedures will be completed in the ZA Bank App. Users can get their loan instantly once the application has been reviewed, from Mondays to Sundays.
For a loan amount 1) below HKD 200,000; or 2) of HKD 200,000 or above with a tenor of 36 to 60 months, the corresponding APRs range from 3.73% to 33.93%. The final approval result is based on ZA Bank&rsquo;s decision upon a holistic review of an application, together with a user&rsquo;s final drawdown amount and repayment period.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;No.1&rdquo; is defined by ZA Bank&rsquo;s leading position in the virtual banking industry in terms of number of users, personal deposits and loan amount as of 31 December 2020.
<a href="#_ftnref2" name="_ftn2">[2]</a> The offer is only applicable to a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. The Annualised Percentage Rate (APR) of 1.99% is calculated based on a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. Please refer to the monthly flat rates in the Loan Interest Rate Table of the Terms and Conditions. APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. <a href="https://cdn.za.group/bank/app/info/en/static/1007260.html">Terms and conditions</a> apply. To borrow or not to borrow? Borrow only if you can repay.
<a href="#_ftnref3" name="_ftn3">[3]</a> The promotion period of Tax Seasonal Loan with a guaranteed 1.88% APR has ended on 31 March 2021.
<a href="#_ftnref4" name="_ftn4">[4]</a> <a href="https://cdn.za.group/bank/app/info/en/static/1007260.html">Terms and conditions</a> apply.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
Based on market data, Hong Kong&rsquo;s virtual banks combined have attracted 420,000 users as of 31 December 2020, with HKD 15 billion of deposits and HKD 1 billion of loans. ZA Bank secured a leading position in the industry in terms of number of users (220,000), personal deposits (HKD 6 billion) and loan amount (HKD 650 million), thereby becoming Hong Kong&rsquo;s No.1 virtual bank.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank launches personal loan with 1.99% APR as ‘fixed rates’ become emerging trend

<h2 style="text-align: center;">ZA Bank launches Business Banking </h2>
<h2 style="text-align: center;">Unlocking growth in SMEs with ZME Revolving Loan</h2>
&nbsp;
ZA Bank has officially launched Business Banking, leveraging &ldquo;ZME Revolving Loan&rdquo;, an unsecured business revolving loan, to help small and medium-sized enterprises (SMEs) of various industries overcome business constraints. Featuring convenient, flexible and customised offerings, ZA Bank Business Banking aspires to boost Hong Kong&rsquo;s economy by becoming a business partner of SMEs. The launch sees ZA Bank further expand its footprint with a comprehensive set of services covering retail deposits, loans, card, and Business Banking.
ZA Bank Business Banking focuses on servicing companies established or incorporated in Hong Kong with a diversified suite of offerings, which include HKD, RMB and USD savings accounts, time deposits, local transfers via the Faster Payment System (FPS) and CHATS, batch and cross-border transfers, as well as ZME Revolving Loan, which is a unsecured business revolving loan. Upon receiving all required documents, ZA Bank Business Banking can complete the account opening process in as quick as about a week, offering users a better banking experience compared to the traditional service model which often takes months to open an account. ZA Bank Business Banking also features a simple structure with low fees, where there is no minimum deposit requirement for opening a savings account and the fee for opening an account is fixed at HKD 1,000. Meanwhile, ZME Revolving Loan can meet users&rsquo; business needs, by allowing flexibility for them to choose the drawdown dates and tenors without any interest charges for the unused balance.
The entrepreneurial journey of SMEs has never been easy. Therefore, ZA Bank Business Banking&rsquo;s mission is to create business values for users with its partnership ecosystem. It has already teamed up with well-known service providers to establish the &lsquo;ZME Club&rsquo;, an interactive business community providing members with value-added services such as exclusive offers and member-only activities, all aimed at driving users&rsquo; business growth.
Rockson Hsu, CEO of ZA Bank, said: "The scale of SMEs often leaves them in a difficult position when it comes to account opening and borrowing, and they could miss growth opportunities without the access to fast and convenient banking services. With our efficient operating model, ZA Bank has lowered the entry barriers to banking. Our customised services also help streamline the account opening process to provide timely support to the SMEs. In the meanwhile, we have built a strong team of business banking veterans with rich experience and professional analytical skills, enabling us to offer tailor-made loan solutions that address users&rsquo; actual needs. Going forward, we will continue to work with local SMEs to unleash their growth potential through more innovative services."
In light of the uncertain global economic outlook, ZA Bank Business Banking is dedicated to easing the burden on SMEs. Users who successfully open an account will be exempted from handling fees for all inward transfers throughout 2021<a href="#_ftn1" name="_ftnref1">[1]</a>. Meanwhile, from today to 22 June 2021, the first 100 users who successfully open an account and apply for loan will get a 0.5% rate-down for ZME Revolving Loan<a href="#_ftn2" name="_ftnref2">[2]</a>, and 20 Invitation Codes for Retail Banking account opening. The referees will also receive a 3% rate-up coupon for a 3-month HKD time deposit of up to HKD 50,000<a href="#_ftn3" name="_ftnref3">[3]</a>.
Hsu added: &ldquo;The Covid-19 pandemic has caused unprecedented economic damage to Hong Kong and the world, adding to the mounting pressure on SMEs. As a loyal business partner, ZA Bank pledges to stand with our users and provide tailor-made solutions that cater to their needs, enabling them to grow their businesses during the current hard time. We look forward to the synergy between Business Banking and Retail Banking as ZA Bank continues to grow its footprint to offer comprehensive, one-stop services.&rdquo;
ZA Bank Business Banking started pilot trial on 7 April 2020, inviting around 100 local enterprises to experience its brand-new services. During the period, ZA Bank Business Banking operated smoothly and earned positive user feedback. ZA Bank is a member of the Deposit Protection Scheme. Eligible deposits taken by the Bank are protected by the Scheme up to a limit of HKD 500,000 per depositor.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/html/en_US/1000010">https://bank.za.group/agreement/html/en_US/1000010</a>. The offer is effective from 1 June 2021 to 31 December 2021 (both days inclusive), and the accumulative maximum fee waivers is HKD5,000.
<a href="#_ftnref2" name="_ftn2">[2]</a> Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/pdf/en_US/1000012">https://bank.za.group/agreement/pdf/en_US/1000012</a>
<a href="#_ftnref3" name="_ftn3">[3]</a> Terms and conditions apply. For details, please refer to: <a href="https://bank.za.group/agreement/pdf/en_US/1000013">https://bank.za.group/agreement/pdf/en_US/1000013</a>
&nbsp;
－End－
&nbsp;
Media enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully-operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With its &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

ZA Bank launches Business Banking Unlocking growth in SMEs with ZME Revolving Loan

<h2 style="text-align: center;">Mr Kelvin Lee steps down as the Head of Internal Audit</h2>
&nbsp;
ZA Bank Limited (&ldquo;ZA Bank&rdquo; or the &ldquo;Bank&rdquo;) announces that due to personal reasons, Mr Kelvin Lee has stepped down as Head of Internal Audit, effective from 5 February 2021.&nbsp;
Mr Lee joined ZA Bank on 18 July 2019. As the Bank&rsquo;s Head of Internal Audit, he played an instrumental role in corporate government, risk management and establishing a system of independent assurance. ZA Bank sincerely thanks Mr Lee for his contribution to the Bank&rsquo;s development and will announce the candidate for the position in due course.

Mr Kelvin Lee steps down as the Head of Internal Audit

<h2 style="text-align: center;">ZA Bank launches &lsquo;HKD 10M Joy of Lai-see&rsquo;</h2>
<h2 style="text-align: center;">Maintaining traditional lai-see giving experience in a new way</h2>
&nbsp;
Starting from 10 to 28 February 2021, ZA Bank will continue to be the game changer through creating a unique electronic lai-see function. The Bank will also launch the &ldquo;HKD 10M Joy of Lai-see&rdquo; campaign, reserving as much as HKD 10 million for users, their friends, and families to win fabulous cash rewards<a href="#_ftn1" name="_ftnref1">[1]</a>.
Under the theme of &ldquo;traditional in a new way&rdquo;, the electronic lai-sees of ZA Bank boasts several features:
<ul>
<li>Preserving the essence of &ldquo;packing lai-sees&rdquo;: Users do not have to worry about queuing up to exchange new banknotes. ZA Bank has banknotes with different face value for users to choose in the App. All they need to do is to click the banknotes they want and drag them into the lai-see envelope. Another option is to enter the dollar amount directly, with lucky numbers like 168, 188, and 888 &ndash; all up to users&rsquo; preference.</li>
<li>Giving lai-sees in pairs: As the old saying goes: Good things often come in pairs. Users can give a pair of lai-sees by choosing &ldquo;In pairs&rdquo; when packing the lai-see. Newlyweds should find this particularly convenient.</li>
<li>Customising lai-see envelopes: Users often spend efforts in buying lai-see envelopes with different styles. That is why ZA Bank took a step further when designing the e-lai see function. After users drag the money and check the amount, they can click &lsquo;Next&rsquo; to proceed and pick the lai-see envelopes. The Chinese New Year-themed visuals featuring Zappy and Alfie with greeting messages should put a big smile on the face of relatives and friends who receive the lai-see.</li>
<li>Bringing back the feeling of &ldquo;opening lai-sees&rdquo;: After receiving the lai-sees, the payee needs to click on the sticker at the seal. The envelope will then open and he/she can see the banknotes inside.</li>
<li>Giving lai-sees to everyone for real: As long as the payee has registered Faster Payment System (FPS) with a mobile number, he/she can receive the lai-see from ZA Bank users through the default receiving bank even without a ZA Bank account. Non-ZA Bank users will receive a link on which they can click and open the lai-see in a web browser.</li>
</ul>
Calvin Ng, Co-Head of Retail Banking at ZA Bank, said: &ldquo;Users may not be able to give physical lai-sees to family and friends in the coming Chinese New Year as they reduce family gatherings. Thus, we have put a lot of thought into our design, just to make sure that users can feel the festive vibes and traditions from the entire journey from packing, sealing, sending to opening lai-sees. It is way more than just a few taps on the phone screen. We have preserved the essence of giving physical lai-sees in every single detail, hoping that users, their family and friends can feel the human touch at finger tips. By doing so, they can celebrate a good start for the Year of Ox.&rdquo;
During the campaign period of &ldquo;HKD 10M Joy of Lai-see&rdquo;, ZA Bank will roll out two promotional offers with a plan to reward participants with HKD 10 million cash in total.
Offer 1: Earn $168 lai-see, together
User can receive HKD 168 cash reward by inviting a friend or family member to open a ZA Bank account. The referee will also get HKD 168 cash reward<a href="#_ftn2" name="_ftnref2">[2]</a>.
Offer 2: Win $1,000 at the quest of the Ox
Users who have given lai-see via the ZA Bank App will get a chance to win HKD 1,000 cash reward<a href="#_ftn3" name="_ftnref3">[3]</a> (commonly known as &ldquo;Golden Ox&rdquo; in Cantonese).
The lai-see function and the associated promotional offers will be officially launched next week. Please stay tuned.
&nbsp;
ZA Bank App &ndash; CNY-themed home screen
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/5146f365-564f-484a-a69d-be1856a3b9a5/image/b0012431-af7e-4dee-a29f-c71d1fa45322/ZA Bank App_CNY-themed home screen.png" alt="" width="250" height="498" />
&nbsp;
Packing lai-see
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/5146f365-564f-484a-a69d-be1856a3b9a5/image/2ba757c1-2f46-43fb-ad11-c92999b1e49e/ZA Bank App_Packing Lai-see.png" alt="" width="250" height="498" />
&nbsp;
Sealing lai-see
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/5146f365-564f-484a-a69d-be1856a3b9a5/image/94890785-f6b7-4f25-9445-72db2aff69dd/ZA Bank App_Sealing Lai-see.png" alt="" width="250" height="498" />
&nbsp;
Opening lai-see (ZA Bank users)
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/5146f365-564f-484a-a69d-be1856a3b9a5/image/dffb402e-f2b5-483a-bb24-890335978a36/ZA Bank App_Opening Lai-see_ZA Bank users.png" alt="" width="500" height="461" />
&nbsp;
Opening lai-see (Non-ZA Bank users)
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/5146f365-564f-484a-a69d-be1856a3b9a5/image/2714a1fa-adf4-4561-aabe-18b740b383f5/ZA Bank App_Opening Lai-see_Non-ZA Bank users.png" alt="" width="1209" height="458" />
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> Terms and conditions apply.
<a href="#_ftnref2" name="_ftn2">[2]</a> The Participant refers a person (&ldquo;Referee&rdquo;) to successfully open an account with ZA Bank during the applicable period upon receiving an invitation code. The Participant must forward that invitation code to the Referee; the Referee must redeem the invitation code and successfully submit an account opening application with the invitation code; and the Referee has passed ZA Bank&rsquo;s internal review for account opening. Terms and conditions apply.
<a href="#_ftnref3" name="_ftn3">[3]</a> The rebate is in the form of ZA Coin. ZA Coin is a third-party reward scheme operated by ZA International Financial Services Limited. User must link the ZA Bank account to ZA Coin Account in order to join the rebate promotion. Terms and conditions apply.
&nbsp;
- End -&nbsp;
&nbsp;
Media Enquiries ZA Bank 
About ZA Bank ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With a &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design process together, guiding the bank to design and develop innovative products and services that will better serve the needs of Hong Kong customers.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and Insurtech in overseas market.t ZA Insure

ZA Bank launches ‘HKD 10M Joy of Lai-see’ Maintaining traditional lai-see giving experience in a new way

<h2 style="text-align: center;">ZA Bank expands footprint into insurance business</h2>
<h2 style="text-align: center;">Enhancing user experience with &lsquo;dual licence&rsquo; <a href="#_ftn1" name="_ftnref1">[1]</a> model</h2>
&nbsp;
ZA Bank is pleased to announce that it has been granted an Insurance Agency Licence from the Hong Kong Insurance Authority (&ldquo;IA&rdquo;), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become Hong Kong&rsquo;s first virtual bank to be the agent of insurance products powered by a digital-only insurer, 10 months after the bank&rsquo;s official launch. This licence also enables ZA Bank to create an all-new digital banking experience.
ZA Bank will on-board a suite of ZA Insure products in due course. Users can then access its one-stop service from quotation, application, underwriting to payment, all to be completed in the ZA Bank App (the &ldquo;App&rdquo;) regardless of time and location. They can also view their policy details anytime in the App upon policy issuance, enjoying a seamless and convenient experience without the trouble of re-entering most of the personal particulars during the entire journey. Meanwhile, ZA Bank will adhere to ZA Insure&rsquo;s philosophy of creating &ldquo;insurance everyone can afford&rdquo;, offering simple insurance products at inclusive prices to address users&rsquo; diverse needs for basic protection.
Wayne Xu, President of ZA International and CEO of ZA Insure, said: &ldquo;We are delighted about this tie-up between ZA Bank and ZA Insure, the first in-depth collaboration between a virtual bank and a virtual insurer in Hong Kong. Ever since ZA Insure has received a digital-only insurer licence from the IA, customers in the market have been expressing their anticipation for our synergy with ZA Bank. We believe the two ZA businesses can leverage each other&rsquo;s technology capabilities and cost advantages, and work together to create greater values for users&rsquo; digital banking journey down the road.&rdquo;
Rockson Hsu, CEO of ZA Bank, said: &ldquo;With our Community Driven approach, we are dedicated to identifying trends from user feedback, and then applying the insights into actual functions in our App. Today we have become the only virtual bank in Hong Kong that can offer savings, loans, card services and insurance products at the same time. This demonstrates not only our commitment to fulfilling our promise to users, but also our devotion to providing comprehensive services. We will continue to be a game changer as we step into the next chapter.&rdquo;
ZA Insure (the trade name of ZA Life Limited) is a joint venture between ZhongAn Technologies International Group Limited and Fubon Life Insurance (Hong Kong) Company Limited. On 4 May 2020, ZA Insure obtained a digital-only insurer licence from the IA under its Fast Track pilot scheme.
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> &ldquo;Dual licence&rdquo; refers to the banking licence granted by the Hong Kong Monetary Authority and the Insurance Agency Licence granted by the Hong Kong Insurance Authority (Licence Reference Number: GA1009; for Long Term Business, excluding Linked Long Term Business)
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With a &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design process together, guiding the bank to design and develop innovative products and services that will better serve the needs of Hong Kong customers.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and Insurtech in overseas market.
&nbsp;
About ZA Insure
ZA Insure is a digital-only insurance platform which strives to break the time and wealth constraints on insurance products. It brings the needs of users back into focus and helps them obtain the most suitable protection at a most reasonable cost. ZA Insure is dedicated to providing a user experience that is simple, fast, and accessible through its 24/7 online platform from quotation, underwriting to claim.
ZA Insure is the trade name of ZA Life Limited, a joint venture between ZA International and Fubon Life Insurance (Hong Kong) Company Limited. On 4 May 2020, ZA Life Limited obtained a digital -only insurer license from the Hong Kong Insurance Authority under its Fast Track pilot scheme.

ZA Bank expands footprint into insurance business

<h2 style="text-align: center;">ZA Bank launches tax season loan with fixed APR&nbsp;</h2>
&nbsp;
ZA Bank has launched its second round of tax season loan with a fixed Annualised Percentage Rate (APR) of 1.88%<a href="#_ftn1" name="_ftnref1">[1]</a>, as the previous offering with a guaranteed 0.07% monthly flat rate<a href="#_ftn2" name="_ftnref2">[2]</a> came to an end. From 16 January 2021 until 31 March 2021, ZA Bank will offer a guaranteed 1.88% APR<a href="#_ftn3" name="_ftnref3">[3]</a> for users who successfully apply for and drawdown a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. With a transparent pricing mechanism, the new product seeks to address users&rsquo; financial needs while creating a fast and convenient borrowing experience.
Features of the new offer:
<ul>
<li>Existing tax season loan products in the market often mention &ldquo;APR as low as XX%&rdquo; simply for reference, where some promotions apply only to selected customers or a higher loan amount. Understanding that loan applicants care about interest the most, ZA Bank offers a straightforward borrowing experience for all users with a fixed APR. During the promotion period, regardless of personal income or credit scores, users can enjoy a guaranteed 1.88% APR if they successfully apply for and drawdown a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. Financial planning will become clearer and more efficient. Interest rates based on loan tenor: 
<table style="border-collapse: collapse; width: 97.2376%; height: 324px;" border="1">
<tbody>
<tr style="height: 53px;">
<td style="width: 27.043%; text-align: center; height: 53px;" width="157">
Loan amount
</td>
<td style="width: 18.1314%; text-align: center; height: 53px;" width="108">
Loan tenor
</td>
<td style="width: 26.8239%; text-align: center; height: 53px;" width="156">
Monthly flat rate
</td>
<td style="width: 23.902%; text-align: center; height: 53px;" width="138">
APR
</td>
</tr>
<tr style="height: 21px;">
<td style="width: 27.043%; height: 271px; text-align: center;" rowspan="5">HKD 200,000 or above</td>
<td style="width: 18.1314%; text-align: center;" width="108">
6 months
</td>
<td style="width: 26.8239%; text-align: center;" width="156">
0.0909%
</td>
<td style="width: 23.902%; height: 271px; text-align: center;" rowspan="5">Guaranteed 1.88%</td>
</tr>
<tr>
<td style="width: 18.1314%; text-align: center;" width="108">
9 months
</td>
<td style="width: 26.8239%; text-align: center;" width="156">
0.0866%
</td>
</tr>
<tr>
<td style="width: 18.1314%; text-align: center;" width="108">
12 months
</td>
<td style="width: 26.8239%; text-align: center;" width="156">
0.0845%
</td>
</tr>
<tr>
<td style="width: 18.1314%; text-align: center;" width="108">
18 months
</td>
<td style="width: 26.8239%; text-align: center;" width="156">
0.0825%
</td>
</tr>
<tr>
<td style="width: 18.1314%; text-align: center;" width="108">
24 months
</td>
<td style="width: 26.8239%; text-align: center;" width="156">
0.0815%
</td>
</tr>
</tbody>
</table>
</li>
<li>This promotional offer comes with a 7-day cooling-off period, where ZA Bank will waive the handling fee for early loan redemption in full within 7 calendar days after the drawdown date.</li>
<li>All application procedures can be done via the ZA Bank App from Mondays to Sundays.</li>
</ul>
Devon Sin, Co-Head of Retail Banking at ZA Bank, said: &ldquo;The previous tax season loan offer with a guaranteed 0.07% monthly flat rate<a href="#_ftn1" name="_ftnref1">[1]</a>&nbsp;has been well received by the market. However, many users shared that a standard monthly flat rate cannot be directly compared against similar products in the market. It also has not been the most helpful for them to calculate the actual borrowing cost which includes handling fees and service fees. With our Community Driven approach in mind, we decided to set the APR at 1.88% for this new round of promotion, where the average monthly interest could be lower than HKD 200 <a href="#_ftn4" name="_ftnref4">[4]</a>. We believe this can further save users&rsquo; time on converting numbers, allowing them to handle the second tax instalment with ease.&rdquo;
&ldquo;As the first virtual bank offering a tax season loan, ZA Bank is dedicated to creating a fast and convenient borrowing experience with technology. We strive to be a &lsquo;game changer&rsquo; to address users&rsquo; financial difficulties, assisting more people in calculating loan interest with our tax season loan featured by a fixed APR and low barriers.&rdquo;
&nbsp;
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/dc19aa2e-9a7d-4b72-b958-c228937f8f4e/image/Banner_EN.png" alt="" width="670" height="258" />
&nbsp;
Remarks:
<a href="#_ftnref1" name="_ftn1">[1]</a> The offer is only applicable to a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. Terms and conditions apply. To borrow or not to borrow? Borrow only if you can repay.
<a href="#_ftnref2" name="_ftn2">[2]</a> The promotion period of Tax Season Loan with a guaranteed 0.07% monthly flat rate is from 1 November 2020 to 15 January 2021, both dates inclusive. Users can enjoy a standard fixed monthly flat rate of 0.07% and an Annualised Percentage Rate (APR) as low as 1.45% upon successful application for and drawdown of a loan amount of HKD 200,000 or above, with a tenor of 6 to 24 months. Terms and conditions apply.
<a href="#_ftnref3" name="_ftn3">[3]</a> The Annualised Percentage Rate (APR) of 1.88% is calculated based on a loan amount of HKD 200,000 or above with a tenor of 6 to 24 months. Please refer to the monthly flat rates in the table above. APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate.
<a href="#_ftnref4" name="_ftn4">[4]</a> For a loan amount of HKD 200,000 with a 24-month tenor and a fixed APR of 1.88%, the average monthly interest is HKD 163. Terms and conditions apply.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design process together, guiding the bank to design and develop innovative products and services that will better serve the needs of Hong Kong customers.
&nbsp;
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and Insurtech in overseas market.

ZA Bank launches tax season loan with fixed APR 

<h2 class="font-medium tac" style="text-align: center;">ZA Bank launches &ldquo;ZA Quest&rdquo; with mobile gaming experience Allowing users to play as they earn exciting rewards</h2>
<section>
ZA Bank has announced the launch of ZA Quest, a new feature that invites users to do quests and earn rewards[1]&nbsp;in a fun way, offering an innovative and creative digital banking experience.
 ZA Quest is a user&rsquo;s exclusive game room in the ZA Bank App. Features include:
&nbsp;
&middot; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;Mobile game-like quests.&nbsp;ZA Bank has designed various kinds of quests for users to finish anytime in the ZA Bank App. The first batch of quests include: Turn On Push Notifications, Set Nickname, Verify Email Address, Add Money via &ldquo;Easy Deposit&rdquo;, etc. Users can enjoy ZA Bank App&rsquo;s fast, seamless and convenient features as they complete the quests. Each user will be assigned a unique set of quests based on their usage of the ZA Bank App. The quests will be updated regularly, allowing users to unlock new ones while gradually learning more about ZA Bank&rsquo;s products and services.
&middot; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;Rewards in a capsule.&nbsp;User will win a &ldquo;ZA Capsule&rdquo; for every completed quest, and get a randomly assigned reward as they open the capsule. The rewards will be instantly credited to users&rsquo; account in the form of ZA Coin&nbsp;[2], which can then be converted into cash for spending. Users have a higher chance for winning bigger rewards with more difficult quests, earning up to 200,000 ZA Coins (equivalent to HKD 2,000) for unlimited times.
&middot; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;Interactions with &ldquo;special guests&rdquo;.&nbsp;ZA Bank&rsquo;s brand characters Zappy and Alfie will be the &ldquo;special guests&rdquo; to interact with users in the App. In addition to rewards, users will also get a picture of Zappy or Alfie in themed outfits. Each appearance carries a different character trait, creating a small surprise for users. They can also set the themed appearance as their profile picture, or print as posters to share with friends.
&nbsp;
Calvin Ng, Co-Head of Retail Banking at ZA Bank, said: &ldquo;Banking should not be a dull experience in the digital era, even with just a simple function. We are dedicated to being the &lsquo;game changer&rsquo; and creating a different banking experience that no longer lacks interactions. The human-like cartoon characters and &lsquo;gamified&rsquo; features can hopefully give a personal touch to banking services. Meanwhile we seek to enhance user education through ZA Quest, encouraging users to share virtual banks&rsquo; innovative offerings with friends.&rdquo;
&nbsp;
&ldquo;Going forward &lsquo;gamification&rsquo; will become part of our standard product features. We also plan to make ZA Quest a personalised function where the quests will be designed based on a user&rsquo;s unique habits.&rdquo;
&nbsp;
The current edition of ZA Quest has a Christmas theme with a seasonal interface. A limited-time quest will be rolled out on 25 December, allowing users to share the festive joy with their loved ones.
&nbsp;
－End－
&nbsp;
Media Enquiries
ZA Bank
&nbsp;
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design process together, guiding the bank to design and develop innovative products and services that will better serve the needs of Hong Kong customers.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and Insurtech in overseas market.
&nbsp;
<hr />
[1]&nbsp;Terms and conditions apply.
[2]&nbsp;The Promotion is only applicable to ZA Bank users with active status and who have successfully linked ZA bank account to ZA Coin, a third-party reward scheme operated by ZA International Financial Services Limited.
</section>

ZA Bank launches “ZA Quest” with mobile gaming experience Allowing users to play as they earn exciting rewards

ZA Bank launches “ZA Quest” with mobile gaming experience Allowing users to play as they earn exciting rewards

<h2 class="font-medium tac" style="text-align: center;">ZA Bank rolls out &ldquo;Be the Game Changer&rdquo; brand campaign Launches physical ZA Card with up to 200% cash rebate on spending</h2>
&nbsp;
<section>
<figure class="kg-card kg-image-card"><img class="kg-image" src="https://blog.za.group/blog/content/images/2020/11/image-1.png" /></figure>
&nbsp;
ZA Bank has started a new brand campaign with the tagline &ldquo;Be the Game Changer&rdquo;. This move shows our commitment to strive for the best for users as Hong Kong&rsquo;s first virtual bank.
Going the extra mile means going wild? We think not, for sure. We may be living in a world where everyone is used to being &ldquo;normal&rdquo;. But at ZA Bank, we never take things for granted. Standing at the centre of digital evolution, we are committed to addressing users&rsquo; needs through leveraging the technological strengths of virtual banks. We are ready to be a &ldquo;game changer&rdquo; and bring different product and service experiences to our users. What starts out as a minor touch-up today could turn into an industry practice one day, thereby benefiting users in Hong Kong. As such, we dare to go beyond the &ldquo;normal&rdquo; with our suite of first-in-market offerings that speak to our users.
Rockson Hsu, CEO of ZA Bank, said: &ldquo;Let&rsquo;s take savings rates and banking hours as examples. Users rarely reflected on the value of their savings accounts, as it seemed perfectly &lsquo;normal&rsquo; to offer a 0.001% interest rate. Users were also used to the 9-to-6 servicing model, without even thinking about opening an account or making a time deposit on Sundays. Such matters of course have limited users&rsquo; imagination for banking products and services.&rdquo;
Hsu continued: &ldquo;ZA Bank offers 24/7 banking services for our users, highlighted by market-leading offers including zero account balance requirement and 1%[1]&nbsp;savings rate. While others may talk big, we choose to walk big by introducing Hong Kong&rsquo;s first-ever 30-Minute Pledge for personal loan applications. Our ZA Card also gives a special meaning to bank cards with personalised number. We go beyond the &lsquo;normal&rsquo; and become a game changer, simply because we want to make banking better. We strive to provide an alternative for users by turning unprecedented ideas into one single mobile app. We hope everyone can relate to this campaign and learn more about ZA Bank&rsquo;s vision.&rdquo;
Meanwhile, we are excited to announce the arrival of the physical ZA Card, Hong Kong&rsquo;s first Visa card with personalised number, that allows users to spend and withdraw cash with ease. From today, users can participate in a lucky draw &ldquo;PowerDraw&rdquo;[2]&nbsp;for each eligible offline spending. For each eligible spending of HKD 10 or above, users will automatically enter &ldquo;PowerDraw&rdquo; for a chance to win up to 200% cash rebate. The final rebate will be instantly credited to users&rsquo; account in the form of ZA Coin, which can then be converted into cash and used for next spending.
Hsu added: &ldquo;Monthly and daily rebates may be &lsquo;normal&rsquo;, but we understand that instant rebates can ensure a better experience for users. Hence, we are dedicated to being a &lsquo;game changer&rsquo; and offering instant cash rebates that users can enjoy every time they spend.&rdquo;
ZA Card is a debit card with no annual fees, interests or late charges. With the physical ZA Card, users can enjoy free cash withdrawal from more than 3,000 bank ATMs in Hong Kong, and access to almost 3 million ATMs worldwide, where Visa is accepted.
For more details about ZA Card and &ldquo;PowerDraw&rdquo;, please visit:&nbsp;<a href="https://bank.za.group/en/za-card/">bank.za.group/en/za-card/</a>
－END－
Media enquiries
ZA Bank
About ZA Bank
ZA Bank Limited (&ldquo;ZA Bank&rdquo;), licensed by the Hong Kong Monetary Authority (&ldquo;HKMA&rdquo;) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users. ZA Bank was established by ZhongAn Technologies International Group Limited (&ldquo;ZA International&rdquo;). With &ldquo;Community-Driven&rdquo; approach, ZA Bank encourages users to directly contribute to its product development and design process together, guiding the bank to design and develop innovative products and services that will better serve the needs of Hong Kong customers.
ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&amp;C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in China, to explore international business development, collaboration and investment opportunities in the area of fintech and Insurtech in overseas market.
<hr />
[1]&nbsp;This interest rate is effective on 5 November 2020, subject to change as per prevailing market conditions. Terms and conditions apply.
[2]&nbsp;Terms and conditions apply. For details, please refer to:&nbsp;<a href="https://bank.za.group/en/za-card">bank.za.group/en/za-card</a>
</section>

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