Standard Chartered-backed Mox launches in Hong Kong, becoming the fifth virtual bank to enter the market.
After months of initial trials, Mox is officially open for business to the general public, according to a statement, with an offering that includes saving, spending and banking tools.
«We are so excited to welcome everyone in Hong Kong to Mox,» said Deniz Güven, CEO of Mox. «We designed our bank around the fact that every day and every moment count for people in Hong Kong. We want to help you to make the most of today and plan for tomorrow at the same time. We believe every day is a day for progress, and every day counts when you're with Mox.»
In addition to various banking tools as well as support for Apple Pay and Google Pay, Mox also allows users access to an «all-in-one numberless bank card» – a card with no expiry date, verification value or other numbers to reduce risks.
Fifth Joiner
Mox – jointly owned by Standard Chartered alongside telecom firms PCCW and Hong Kong Telecom, and online travel agency trip.com – becomes the fifth joiner to Hong Kong's virtual banking market after ZA Bank, Airstar, WeLab and Livi.
A total of eight players have been issued licenses by Hong Kong’s regulators.
