Wallets/mox-bank
Mox Bank
0 standards supported
Overview
Mox is HK virtual bank backed by Standard Chartered + HKT + PCCW + Trip.com, launched September 2020 [1, 2, hk-cro]. 2025 baseline:
- 750,000 customers (12% of HK bankable population)
- Total deposits: +20% YoY through November 2025
- US dollar deposits: 14x expansion from December 2024
January 2026 — Mox Bank launches cryptocurrency trading [3]: Received upgraded Type 1 license from HK SFC (Securities and Futures Commission); among HK virtual banks pioneering crypto-trading regulated services.
Distinctive Mox partnership stack: Standard Chartered (UK Big-Bank) + HKT (HK Telecom) + PCCW (HK media + telco) + Trip.com Group (Chinese travel mega-company) — distinctive 4-corner JV.
History
March 2019 — HKMA Virtual Bank license granted (one of HK's first 8 virtual bank licenses).
September 2020 — Mox launches [1]: Standard Chartered + HKT + PCCW + Trip.com JV operationally launches.
2021-2024 — Mass HK adoption [1]: 550K customers + 10%+ HK bankable-population penetration by mid-2025.
2025 — 750K customers + 12% HK bankable population + deposits +20% YoY + USD deposits 14x from Dec 2024 [4].
January 2026 — Crypto trading launch + SFC Type 1 license upgrade [3].
Ownership & operator
Operating entity: Mox Bank Limited (4-corner JV).
Major shareholders:
- Standard Chartered Bank — UK-headquartered global bank
- HKT Limited — Hong Kong telecommunications (HKT Group spinout from PCCW)
- PCCW Limited — Hong Kong media + telecom mega-conglomerate
- Trip.com Group (NASDAQ: TCOM) — Chinese travel mega-company
Regulators: HKMA + SFC (Securities and Futures Commission Hong Kong) for Type 1 crypto-trading license (Jan 2026+).
Technical integration
| Layer | Description |
|---|---|
| Channels | Mox mobile app (iOS + Android) + Mox Visa cards + Mox crypto trading (Jan 2026+) |
| Identifiers | Phone + email + card number + HKID |
| HK rail | [[fps-hk]] (Faster Payment System) |
| License | HKMA HK Virtual Bank + SFC Type 1 (crypto Jan 2026+) |
| Sub-products | Mox Account + Mox Cards + Mox Boost interest savings + Mox FX (USD deposits 14x from Dec 2024) + Mox Crypto Trading (Jan 2026+) |
| 2025 milestones | 750K customers + 12% HK bankable population + deposits +20% YoY |
Users & growth
2025 baseline [4]:
- Customers: 750,000 (12% of HK bankable population)
- Mid-2025 baseline: 550,000 customers + 10%+ HK bankable population
- Total deposits: +20% YoY through November 2025
- USD deposits: 14x expansion from December 2024
- January 2026: Crypto trading launch via SFC Type 1 license upgrade
Use cases
HK retail digital banking (deposits + cards + Boost interest savings); HK FX (USD deposits 14x growth from Dec 2024); crypto trading (Jan 2026+ SFC Type 1 license); Mox Visa cards.
Implementations & partners
Operator: Mox Bank Limited (4-corner JV: Standard Chartered + HKT + PCCW + Trip.com).
Major HK virtual bank competitors:
- [[za-bank]] (HK's first virtual bank to operationally launch + first to surpass 1M users; H1 2025 1M+ users; H1 2025 HK$49M first profit)
- [[welab-bank]] (HK's largest digital bank by revenue; H1 2025 HK$460M net revenue +70% YoY)
- Livi Bank (BOC HK + JD Digits + Jardine Matheson JV)
- Ant Bank (HK) (Ant Group HK virtual bank; AlipayHK ecosystem)
- Airstar Bank (Xiaomi + AMTD JV)
- PAO Bank (Ping An OneConnect; Ping An-backed)
- Fusion Bank (Tencent + ICBC + Hillhouse JV)
Regulators: HKMA + SFC HK.
Fun facts
- HK virtual bank backed by Standard Chartered + HKT + PCCW + Trip.com — distinctive 4-corner JV.
- 2025: 750K customers + 12% HK bankable population.
- Total deposits +20% YoY through November 2025.
- USD deposits 14x expansion from December 2024.
- January 2026 cryptocurrency trading launch via SFC Type 1 license upgrade — among HK virtual banks pioneering crypto-trading regulated services.
- September 2020 launch (one of HK's first 8 virtual bank licenses 2019).
- Trip.com Group (NASDAQ: TCOM) — Chinese travel mega-company among JV partners (distinctive vs other HK virtual banks).
Comparison
| Feature | Mox Bank | [[za-bank]] (HK virtual bank rival; ZhongAn-backed) | [[welab-bank]] (HK virtual bank rival; WeLab pan-Asian) | Livi Bank (BOC HK + JD + Jardine JV) | Ant Bank (HK) (Ant Group HK rival) |
|---|---|---|---|---|---|
| Operator | Mox Bank Limited (Standard Chartered + HKT + PCCW + Trip.com JV) | ZA Bank (ZhongAn Technologies International Group; ZhongAn HKEX: 6060) | WeLab Bank (WeLab Limited; Simon Loong founder + CEO) | Livi Bank (BOC HK + JD Digits + Jardine Matheson JV) | Ant Bank HK (Ant Group HK subsidiary) |
| Type | HK virtual bank (Standard Chartered-anchored 4-corner JV) + Jan 2026 crypto trading SFC Type 1 | HK first virtual bank operational + 1st 1M+ users + 1st profitable | HK largest digital bank by revenue + pan-Asian WeLab fintech | HK virtual bank Chinese-mainland BOC + JD JV | HK virtual bank Ant Group HK AlipayHK ecosystem |
| Users | 750K (2025; 12% HK bankable population) | 1M+ (H1 2025) | ~500K HK | 150K (2021 baseline; less recent data) | Smaller HK |
| Distinctive | Standard Chartered + HKT + PCCW + Trip.com 4-corner JV; deposits +20% YoY through Nov 2025; USD deposits 14x from Dec 2024; Jan 2026 crypto trading SFC Type 1 | ZhongAn co-founded by Ant + Tencent + Ping An; H1 2025 wealth AUM +125% YoY | WeLab pan-Asian 70M+ users; 11% HK unsecured personal-loan market share; 500M Asian customers ambition | Gamified rewards (Wishing Tree); HKD+USD+CNY multi-currency | AlipayHK ecosystem; 2M+ AlipayHK users can open via Mini App |
Status
Active, HK virtual bank with Jan 2026 crypto trading via SFC Type 1 license [1, 3]:
- Mox Bank Limited (Standard Chartered + HKT + PCCW + Trip.com 4-corner JV) since September 2020.
- 2025: 750K customers (12% HK bankable population) + deposits +20% YoY + USD deposits 14x from Dec 2024.
- January 2026 cryptocurrency trading launch via SFC Type 1 license upgrade.
- HKMA + SFC HK regulated.
Sources
- 1 Mox by Standard Chartered — official
- 2 Standard Chartered unveils Mox — Fintech Futures
- 3 Mox Bank crypto trading Jan 2026 — Blockhead
- 4 Mox Bank 750K 2025 — DigFin
- hk-cro In-corpus:
reports/countries/HK-hong-kong.md
Source
Biography extracted from mox-bank.md. See matrix.md for standards-support matrix if present.