StanChart goes virtual with Mox Bank in Hong Kong

Mox Bank, a new virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, has launched in Hong Kong to provide its suite of retail banking services entirely digitally over its app.

“We designed our bank around the fact that every day and every moment count for people in Hong Kong,” said Mox CEO Deniz Güven. “We want to help [them] to make the most of today and plan for tomorrow at the same time.”

Güven said Mox’s mission is to help everyone in Hong Kong be in control of their day-to-day finances and build the financial freedom they want to enjoy more of life. 

“No matter how small you start or how big your goals, every day with Mox is a chance to grow and to experience a whole new way of smarter banking, saving and spending,” he said.

Güven said opening an account is fast, secure and free. Within minutes, one can add money from another bank within the app to enjoy Mox’s daily interest rate. Clients can track their saving progress and see their spending patterns real time. 

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Also, Mox took the lead to launch what they described as Asia’s first all-in-one numberless bank card, further enhancing privacy and security for customers. 

Mox is also the first virtual bank in Hong Kong to support both Apple Pay and Google Pay, bringing a fast and simple way to pay online, in-apps and in-stores.

Tools such as our Savings Calculator can help automate your savings, and help you build towards your targets with insights and information.

Mox has started with a debit card “with no hidden fees, expiry dates or separate reward platform.”

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