![This picture taken on August 3, 2019 shows a general view of residential and commercial buildings in the Kowloon district (foreground) with the skyline of Hong Kong Island past Victoria Harbour (C) in the distance. / AFP / ANTHONY WALLACE](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/VDSC2ZG76ZG4AWRJNHIZZ4EBYM.jpg?smart=true&auth=9178c5589a27114e593815f134d4101216aef0c4bab18e76ca73732b3a819f36&width=400&height=225)
ZA Bank is one of eight firms preparing to start digital-only banks in Hong Kong after being granted licenses from the Monetary Authority. Photo: AFP
ZA Bank is one of eight firms preparing to start digital-only banks in Hong Kong after being granted licenses from the Monetary Authority. Photo: AFP
Hong Kong's first digital bank heralds arrival with 6% interest rate
ZA Bank's offer is over 3 percentage points more than banks such as HSBC and Standard Chartered as competition heats up
Bloomberg
12 January, 2020