Today’s top tech news: Hong Kong’s digital bank ZA Bank diminishes established banks by offering 6% deposit rate

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ZA Bank in Hong Kong derogates established banks by offering a 6 per cent deposit rate [Bloomberg News] As eight companies are granted digital banking licenses, ZA Bank becomes the first digital bank to offer a 6 per cent deposit rate for selected clients, compared to 1.9 per cent to 2.3 per cent granted by Standard Chartered, HSBC and BOC…
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