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HK · HKD

Hong Kong digital banks

Eight HKMA virtual banks. Airstar (Xiaomi) and Ant Bank (Ant International) are the two on this desk from that licence class. DPS is for banks, not stored-value facilities.

3Live on the desk

Regulator

Hong Kong Monetary Authority (HKMA)

Deposit scheme

Deposit Protection Scheme up to HK$800,000 per depositor per bank (from Oct 2024)

In this market

Licence still sits on the product
ProductScoreHQMonthlyFXUsersLicence
Airwallex8.3Singapore, SingaporeAccount often freeTransparent conversion + payment fees; typically beats banks150k businessesPayments / EMI-class licences by market
Airstar Bank7.3Hong Kong, Hong KongPersonal fees often waived — confirm live24/7 FX is the pitch; a spread still existsHK virtual-bank scaleVirtual / digital bank
Ant Bank7.3Hong Kong, Hong KongDigital-bank SKU — confirm liveHKD/USD dual savings; spread still existsAlipayHK-adjacentVirtual / digital bank — Ant Bank (Hong Kong) Limited

Questions

Is a virtual bank DPS-protected?+

HKMA-licensed virtual banks that take deposits are DPS members. Wallets and stored-value facilities are a different recovery story.

Other desks

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Cross-check the scoring weights and the graveyard before you treat a leftover landing page as live.