ZA Bank surpasses 1 million customers

The Hong Kong-based digital bank saw deposits and card transactions rise in H1.

ZA Bank surpassed 1 million users in H1 2025, reportedly the first digital bank in Hong Kong to reach this milestone, according to a press release.

Total customer deposits rose 8.8% year-on-year (YoY) to HK$21.1b by the end of the first half of the year.

Card transactions jumped 33% YoY, above the market average of an 8.4% growth, based on data from the Hong Kong Monetary Authority.

Total transaction amount, including international remittance and foreign exchange services, grew by 132% compared with the previous year.

“Reaching the one-million-user milestone marks a new chapter in our journey and is a strong endorsement of our vision and strategy,” said ZA Bank CEO Calvin Ng.

Looking ahead, ZA Bank seeks to drive “product-led growth” with a focus on wealth management and diversified asset allocation, Ng said.

“At the same time, we are actively exploring digital asset use cases, as we work towards becoming the digital wealth management partner of choice for our users,” he added.

ZA Bank’s investment services currently cover funds, equities, and crypto trading. In the first half of 2025, total assets under wealth management grew by over 125%, the press release said.

ZA Bank also outlined plans to further expand its crypto asset offerings and launch Hong Kong stock trading within the year.