ZA Bank’s stockback car has awarded HK$2.5m in rebates

This shows that the public is willing to step out outside traditional rebate models.

The StockBank x ZA Card now accounts for 20% of all active ZA Card users.

Issuer ZA Bank, a Hong Kong digital lender, said that it has awarded a cumulative HK$2m in rebates, involving 250 different stocks spanning industries such as technology, consumer goods, energy and manufacturing, healthcare, and financial assets.

In response to this, ZA Bank expanded its 50% stock rebate promotion to 50,000 participants.

The uptake reflects the market's high acceptance of financial innovation and shows that the public is willing to step outside the traditional framework of cash or air miles and embrace a novel rebate model, said Corey Chu, head of retail loan and card, ZA Bank.

“We believe this will inject new momentum into Hong Kong's financial market and drive the evolution of rebate mechanisms towards a more forward-thinking future,” Chu said.