Banco Digital

Odaily Planet Daily News, Zhongan Bank announced its mid-term performance. As of June 30, 2024, Zhongan Bank’s total assets increased by 43% to HKD 20 billion, becoming the first Banco Digital in Hong Kong to achieve monthly profitability. According to public information, in terms of commercial banks, Zhongan Bank’s number of new accounts increased by 60%, with over 800,000 users, accounting for 13% of Hong Kong’s Bankable Population. Over half of the users have set ZA Bank as their default receiving bank for Faster Payment System (FPS), with a penetration rate of 25% among the young Z generation. In addition, after the Hong Kong Monetary Authority announced the list of stablecoin sandbox participants, Zhongan Bank immediately announced that it became the first local Banco Digital to provide exclusive reserve banking services for stablecoin issuers, and one of the first banks in Hong Kong to provide such services. (aastocks)