Hong Kong’s Mox achieves financial breakeven in Q1, unveils wealth platform

Mox+ offers preferential FX pricing, enhanced deposit rates, and early access to new products.

Mox Bank Limited has achieved financial breakeven in Q1 2026 and is launching the digital wealth solutions platform Mox+.

The Hong Kong digital bank, which launched in September 2020, now has over 750,000 customers in the city.

Mox+ members will feature preferential fees and charges on Mox Invest, its online investment platform, as well as preferential pricing on foreign exchange.

Mox+ also offers enhanced deposit rates of 3.5% per annum for up to HK$5m, as well as priority customer support, and early access to new products and experiences, the bank said.

To qualify for Mox+, customers need to maintain an average daily balance of HK$600,000 and above across all deposits and investments, which lead to automatic qualification for Mox+ for the following month.

“We are entering a new chapter of growth as we continue to expand our product portfolio and wealth management offerings, with the launch of Mox+ being one such initiative,” said Barbaros Uygun, CEO of Mox.

“To support this evolution, we are evolving into an AI-native bank, doubling our operational capacity through a strategic human-bot partnership, equipping every staff member with a personalised AI assistant to deliver even greater service and efficiency,” Uygun said.

Since launch, Mox Bank customers have cumulatively spent HK$70b with 176 million card transactions and approximately 2 billion Asia miles earned. The bank said it has distributed HK$2b in cash rewards.

The Mox Invest platform saw trading volumes increasing to 2.4 times, and assets under management (AUM) growing to 2.6 times in 2025. More than 10% of Mox customers have opened a Mox Invest account.

Mox Invest is set to launch an IPO subscription service later in 2026.