Fusion Bank Announces Full Public Launch of Banking Services in HongKong

​Fusion Bank, the Tencent-backed virtual bank, recently announced that it has officially launched its banking services in HongKong, following its soft launch on 30th September, 2020.

Collaborating with WeChat Pay HK, the mobile payment solution under Tencent, the virtual bank is becoming the first virtual bank in Hong Kong to connect with WeChat Pay HK.

The bank provides customers with a variety of services including savings, time deposits, local fund transfer as well as foreign exchange in HKD, CNY and USD. Further, Customers can also make local payments in HKD and CNY on Fusion Bank mobile app with a Faster Payment System (FPS) QR code.

Customers can also use the bank account as a funding source for making payments via WeChat Pay HK, opening up an extensive network of local spending and cross-border payment.

Mr. Jim Lai, Vice President of Tencent and Chairman of Fusion Bank,said：“Being the first virtual bank for customers to bind their bank accounts to WeChat Pay HK, Fusion Bank successfully connects with Tencent's thriving ecosystem, not only creating strategic advantages for both Tencent and Fusion Bank, but also establishing an extensive network for local spending and cross-border payment for our customers. This achievement fully reflects Fusion Bank's competitive edge in developing innovative financial products and introducing new applications for financial services. ”

Mr. Eric Sum, Chief Executive of Fusion Bank, said：“We are delighted to see smooth operation at Fusion Bank since our soft launch and have received positive feedbacks from various parties. The Bank's collaboration with WeChat Pay HK marks our first step towards building an ecosystem of smart financial services. Fusion Bank will capitalise on the strengths of our shareholders as well as different open banking initiatives, including Open API, to continuously optimise our products and services and enhance customer experience.”