Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Hong Kong’s Fusion Bank inked a commercial cooperation agreement with WeBank Technology Services, a subsidiary of WeBank, mainland China’s first digital bank.
The agreement authorizes Fusion Bank to utilise WeBank Technology Services’ digital banking technology for its services.
Jared Shu, executive director and chief executive of Fusion Bank, and Henry Ma, Executive vice president and chief information officer of WeBank, director of WeBank Technology Services, signed the commercial cooperation agreement on behalf of both parties.
The two banks earlier launched the “WeBank X Fusion Bank GoGlobal Loan” in October 2024.
By the end of 2024, it had successfully helped over a dozen Hong Kong affiliates of GBA SMEs to obtain their first unsecured bank loans, with total approved loans exceeding HK$50m. These SMEs, which collectively employ nearly 700 staff, operate in various industries.
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