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Standard Chartered Announces Launch of Mox Bank in Hong Kong

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Mox Bank Limited (“Mox”) is delighted to announce its official launch to everyone in Hong Kong today. Mox is a new virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, which provides its suite of retail banking services entirely digitally over its app. With Mox, opening an account is fast, secure and free. Within minutes, customers can enjoy a whole new way of smarter banking, saving and spending. Mox is also taking the lead in launching Asia’s first all-in-one numberless bank card, further enhancing privacy and security for customers.

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Mox brings the next-generation of banking to Hong Kong through a cloud-based bank built from the ground up with resilient infrastructure and rapid, cost-efficient development cycles. It also underscores Standard Chartered’s continued momentum in digitising its Retail Banking business and building strong strategic collaborations in response to the changing digital habits of clients across its markets.

Bill Winters, Group Chief Executive, Standard Chartered PLC, said: “The launch of Mox demonstrates the pace at which Standard Chartered is executing and moving on its strategic objectives, innovating and disrupting across our markets through digitisation.”

He added: “We’re now combining our heritage as the oldest note issuing bank in Hong Kong with being the newest virtual bank in the city, providing customers with an even broader array of banking options to meet their different needs, preferences and lifestyles.”

Deniz Güven, CEO of Mox, said: “After two years of hard work, we are so excited to officially unveil Mox – a bank that is built by and for Hong Kong people who want banking to be truly personalised and digital. We hope to take Standard Chartered’s commitment to customer experience, innovation and financial inclusion to the next level.”

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