ZA Bank Launches ZA Bill Master to Provide New Credit Card Repayment Experience

ZA Bank, one of the first batch of virtual banks in Hong Kong, announced yesterday the launch of a Card Statement Instalment Programme - ZA Bill Master, so as to offer an all-new digital experience for credit card repayment.

According to the official press release, starting from August 18, users can pay Visa or Master credit card bills issued by any banks in Hong Kong via ZA Bill Master in the ZA Bank App.

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The bank elaborated the three features of ZA Bill Master as follows:

• More flexible instalment schedule: Users do not have to repay within the first 30 days after successful drawdown of Card Statement Instalment Programme. With a repayment period of up to 72 months, they can plan their finance with higher flexibility.

• One-stop credit card repayment: ZA Bill Master covers Visa or Master credit card bills across banks. This allows users to settle credit card statements all in one go, bringing convenience to the next level.

• ​Monthly handling fee as low as 0.1%: For an instalment amount of HKD 100,000, the monthly handling fee can be as low as HKD 100, making repayment budgeting much easier.

“The rollout of ZA Bill Master marks another step in enhancing our payment offerings. As we enter into the second year of operation, our loan business is now better established. Looking ahead, we hope to further serve users’ financial needs with a broader suite of products and services,” said Devon Sin, Co-Head of Retail Banking at ZA Bank.

From August 18 2021 until 30 September 2021, ZA Bank will offer both existing and new users a one-off cash rebate of up to 2% on the total instalment amount for each card statement instalment program upon successful application and drawdown.