News

Staff Reporter

, Hong Kong

Published:

25 days ago

114 views

Devon Sin, ZA Bank alternative chief executive.

Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers

The bank has surpassed $1b in transfer turnover to Web3 clients.

Hong Kong’s ZA Bank has launched dedicated banking services for stablecoin issuers, including FX services and fund transfers.

““With our new dedicated client accounts, we are tackling the unique challenges of stablecoin issuers head-on, promoting the growth and stability of the Web3 economy,” said Devon Sin, ZA Bank alternative chief executive.

ZA Bank’s current business banking solution offers a comprehensive range of functionalities. Products offered include FX services to seamless fund transfers, convenient payroll management, and various time deposit options.

ALSO READ: ZA Bank rolls out tax loan, offers cash rewards

Throughout 2023, ZA Bank reporetdly witnessed growth in doing business with the Web3 ecosystem. This includes surpassing $1b in transfer turnover from Web3 clients; securing over 80% 2 of Virtual Asset Trading Platform (VATP) clients' banking needs in Hong Kong; and onboarding more than 100 Web3 companies, establishing ZA Bank as the preferred banking partner for Web3 businesses.

Follow the link for more news on

ZA Bank

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Hang Seng Bank floats Q1 dividend of HK$1.2 per share

The payment date is set for 6 June.

13 hours ago

HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale

A first interim dividend of $0.1 per share has been approved by the board.

Retail Banking

13 hours ago

Indonesian banks tout sound profitability and capitalisation

Only a fraction of restructured loans will become bad loans, Fitch said.

Retail Banking

13 hours ago

Depositors ‘flight to safety’ to benefit China Merchants Bank

Focus on wealth and deposits over loans has boosted its liquidity.

Retail Banking

14 hours ago

Exclusives

How banks should rethink pricing

It’s not just about how much customers pay but also what benefits they get.

Cards & Payments

13 hours ago

Zed challenges banking norms with no interest, forward-looking credit card

The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.

Cards & Payments

Why tokenization and funding are two key issues for financial disruptors in 2024

HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.

Banking Technology

Techcombank’s Prasenji Chakravarti lays bare their ESG strategy

The bank is transforming its IT infrastructure to better process green data.

Investment Banking

Event News

ABF Wholesale Banking Awards 2023 Winner: CIMB Bank Berhad

Banking Technology

Head of Commercial Banking at CIMB Singapore, Benjamin Tan, shares insights on CIMB Bank Berhad's triumph at the ABF Retail Banking Awards 2023, highlighting their innovative financial solutions and commitment to enhancing customer experiences.