ZA Bank achieved first-ever interim net profit of approximately HKD 49 million 🎊

【ZA Bank】ZA Bank achieved first-ever interim net profit of approximately HKD 49 million 🎊

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Did you know that the Hong Kong Monetary Authority recently announced that it will implement the renaming of "Virtual Banks" to "Digital Banks" shortly?&nbsp;💭 As you may know, Digital Banks offer comprehensive features and are more suitable for the banking needs of modern users, especially when compared to a traditional banking model!&nbsp;&nbsp;
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Let&rsquo;s examine how digital banks compare to a traditional banking model and see why ZA Bank is leading the charge, as shown below!&nbsp;💡
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<h2 class="MsoNormal" style="text-align: center;">📱 Convenience at your fingertips</h2>
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Always Open:&nbsp;With the ZA Bank App, <a href="https://bank.za.group/en">you can bank anytime, anywhere</a>. No more rushing to bank branches - Manage your financial life entirely via one app, from time deposits to currency exchange, all available 24x7!
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Quick Start: <a href="https://bank.za.group/en/account-open" target="_blank" rel="noopener">Open your account in as fast as 2 minutes</a> via the ZA Bank App. It&rsquo;s simple and hassle-free.
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<h2 class="MsoNormal" style="text-align: center;">💰 Save more, spend less</h2>
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Lower Fees:&nbsp;ZA Bank cuts costs with no branches, passing the savings to you with lower fees, whether you&rsquo;re investing or exchanging currencies!
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Better Rates:&nbsp;Enjoy competitive interest rates on savings and loans for your different budget needs with a variety of products e.g. <a href="https://blog.za.group/en/article/savingspotstories">ZA Bank&rsquo;s Savings Pots</a>.
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<h2 class="MsoNormal" style="text-align: center;">🤖 Cutting-edge tech</h2>
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<li class="MsoNormal">Seamless Service: ZA Bank&rsquo;s "dual-cloud" or "active-active cloud" digital infrastructure ensures that its services will experience minimal disruption. With a system running on two active clouds, ZA Bank users can enjoy a seamless banking experience at all times!&nbsp;</li>
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<h2 class="MsoNormal" style="text-align: center;">🔒 Top-notch security</h2>
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<li class="MsoNormal">Balancing User Security and Experience: ZA Bank&rsquo;s all-in-one approach to security emphasises both user convenience and safety. For example, ZA Verify uses advanced fraud detection algorithms to detect and stop fraud instantly. You can also&nbsp;<a href="https://blog.za.group/en/article/ZA_Card_online_spending_security_tips">protect your account</a> balance with a wealth of features e.g. Travel, Spending Limit, Lock Card and more!</li>
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<h2 class="MsoNormal" style="text-align: center;">🎁 Stellar service</h2>
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<li>24 x 7 Support: Reach out via chat, email or phone whenever you need help, 24 x 7! Best of all, you can exchange currencies or place a time deposit around the clock as well with ZA Bank!</li>
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To conclude, if you're looking for a future-looking, user-friendly experience to help manage your financial life, digital banks are your answer! 🤩 With unmatched convenience, cost savings, cutting-edge technology and robust security, they offer an all-in-on-e experience that a traditional banking model simply can't match. 
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Make the switch and experience the difference, by joining the ZA Bank community today!&nbsp;🎊 🎊 🎊

What are the benefits of using a digital bank? 🤔

【ZA Bank】What are the benefits of using a digital bank? 🤔

According to the latest statistics from the Hong Kong Interbank Clearing Limited, the number of new registrations for Faster Payment System (FPS) has set a new record, with a total of 16.216 million accounts registered by the end of February this year1. As Hong Kong's No.1 Digital Bank2, ZA Bank has always been committed to providing users with convenient financial services. Through this article, ZA Bank will help you quickly understand this efficient and secure payment method—FPS, allowing you to enjoy a better and more convenient payment experience.
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Part 1: What is FPS?
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FPS is an instant payment system launched by the Hong Kong Monetary Authority in 2018. It lets users make quick and secure interbank transfers using a mobile number, email address, FPS ID or QR code. Whether paying bills, transferring to friends, or conducting transactions with merchants, FPS offers great convenience. ZA Bank also supports FPS, allowing users to enjoy convenient and secure transfer services.
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Advantages of FPS &nbsp; &nbsp;
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<li>Convenient: Requires a payee's mobile number, email address or FPS ID only</li>
<li>Cross bank/e-Wallet: Full connectivity among local banks and e-wallets</li>
<li>Instant transfer: Almost real-time fund settlement</li>
<li>Anytime, anywhere: 24 x 7 round-the-clock operation</li>
<li>Multiple currencies: Supports HKD and RMB</li>
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Part 2: How to use FPS?
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<li style="font-size: 18px; font-weight: bold;">How do I register for FPS?</li>
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If you haven’t registered for FPS, you can register in the ZA Bank App first. The registration process is very easy. Just follow the instructions below, and you can complete it in a few easy steps. Once you have registered, you can use FPS to make transfers.
Steps 👇
<img style="max-width: 100%; display: block; margin: 0px auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/image/01908946-936e-4210-a9fe-320e83b1e0d9/3ab3fe0e-f5ad-4f6d-a4f1-71ff16f08274/EN.png" alt="" width="544" height="auto">
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<li style="font-size: 18px; font-weight: bold;">How can I transfer using FPS?</li>
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Making payments and receiving funds using FPS is very simple. Simply enter the payee's FPS information or scan the QR code to complete the transfer. The payee will receive the funds within seconds, providing an efficient and convenient experience.
To learn about the specific operation of transfer, you can refer to previous articles: <a href="https://blog.za.group/article/Transfer_Guidance" target="_blank" rel="noopener" style="color: rgb(24, 144, 255);">https://blog.za.group/article/Transfer_Guidance</a>
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Part 3: Common Questions about Using FPS
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Q1: What should I do if I haven't received the money after the transfer? A1: If the payee has not received the funds after the transfer, please first check if the payee's information entered is correct via Activity or e-Advice. You can further ask the payee to check if his FPS receiving bank is indeed the bank account he intends to use to receive the funds. If all the above information is correct, we recommend contacting ZA Bank customer service, and we will assist you in resolving the issue.
Q2: What are the fees for FPS? As of date, ZA Bank does not charge any fees for transfers made by retail customers using FPS. You can use it with confidence and enjoy a zero-cost payment experience.
Q3: Is there a mobile app for FPS? FPS is not a standalone mobile app but is integrated into the banking system. To use FPS, you only need to download the ZA Bank App.
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If you encounter any issues while using it, you can also contact 24 x 7 online customer service via ZA Bank App anytime!
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1. For details, please refer to the statistics published by the Hong Kong Interbank Clearing Limited on 'FPS'.
2. As Hong Kong's first digital bank, as of 30 June 2024, ZA Bank has the highest number of users and deposits among the 8 digital banks in Hong Kong. Source: Mid-term performance reports of the 8 digital banks.

Instant transfers, zero fees! Your guide to using FPS

BOO! 👻 This month is all about excitement! Read on to see what we did to spice up this spooky season!
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October round-up 
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Here are the events you missed while you were busy visiting haunted houses! 🕷️🕸️
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📚 Overseas education sharing 
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Planning for overseas study is difficult as carving a pumpkin! 🎃 So, we have invited Shirley, Country Program Manager at EF Education First, to share some tips and answer some questions from parents on the spot. We have covered everything you need to know about studying abroad, from picking which destination to budgeting.
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Learn more 👉 <a style="color: #32cb9d;" href="https://blog.za.group/en/article/study_abroad">ZA-exclusive event: Tips for studying abroad</a>
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📱 User interview on our investment services
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Haunted houses are creepy, but the thought of upsetting you scares our socks off. 🧦 That's why we chatted with some of you about our newest service - investment, to make sure we are working on what you need (so you will not ghost us!) And seems we got some great feedback on our future development on product and the UX/UI, for new updates or events! 👀
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New app features and offers
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We got no tricks but some treats for your candy bucket! 🍬
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🆙 PowerDraw items 
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Here comes the real game-changer! 😎 You can now choose 1% Guarantor or Eliminator to secure a guaranteed reward from PowerDraw. <a href="https://bit.ly/3TWolX6" target="_blank" rel="noopener">Terms and Conditions</a> apply.
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/a05c0065-16fa-4712-b00d-98d4b2d5fdce/6aa181d2-eecd-49a3-a439-68ce0edac0f0/MicrosoftTeams-image (241).png" alt="" />
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☕ Coffee Pass
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Drinking coffee is the best way to clear your mind after a sleepless horror movie night. 🧟 Get yours from Starbucks, %Arabica, and with ZA Coin at a discounted price now! <a href="https://bit.ly/3DdISQ8" target="_blank" rel="noopener">Terms and Conditions</a> apply.
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/a05c0065-16fa-4712-b00d-98d4b2d5fdce/7eb14369-41bc-496c-9e0c-0cc2a2abc7c0/MicrosoftTeams-image (238).png" alt="" width="1920" height="2507" />
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Upcoming events
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What's next after Halloween? 🚗
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💬 Fintech week 
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Devon, our Alternate Chief Executive &amp; Co-Head of Retail Banking, will speak in the panel about the competitive edges of collaborating with FinTech on day 2. Don&rsquo;t miss if you are there!
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When: 1 Nov, 15:00 &ndash; 15:40
Where: Hong Kong Stage, Fintech Week, HKCEC
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Learn more 👉 <a style="color: #32cb9d;" href="https://www.fintechweek.hk/agenda-2022">Hong Kong FinTech Week | 31 Oct - 4 Nov 2022 | Agenda</a>
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📈 2023 investment outlook 
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We will have a user-exclusive deep dive session with Invesco, a market-leading investment management firm. Don't forget to sign up and explore the market trend for next year.
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When: 5 Nov, 15:00 - 16:00
Where: Suite 3402 - 07, 34/F, Tower 2, The Gateway, Tsim Sha Tsui
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Sign up here 👉 <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" style="color: #32cb9d;" tabindex="-1" title="https://bit.ly/3U56bSZ" href="https://www.eventbrite.hk/e/2023-tickets-440222065047" target="_blank" rel="noopener" aria-label="Link https://bit.ly/3U56bSZ">Sharing: 2023 Investment Outlook Tickets | 5-Nov 2022 | Eventbrite</a>
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⚽ World football season
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Something fun is on its way! Stay tuned!
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That's a wrap for this month. Have a spook-tacular, boo-tiful, wooo-nderful, and fang-tastic Halloween! 🦇💀
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Highlights of 2025 interim results1

Highlights of 2025 interim results¹