Mox, Standard Chartered-backed virtual bank, launches in Hong Kong
The latest virtual bank, backed by Standard Chartered, will compete by offering 5 per cent rebates to members on spending at 30 partner merchants, such as McDonald’s, Foodpanda and Circle K stores, as well as services offered by Mox Bank’s other shareholders HKT, PCCW and Ctrip.
Its customers will be able to obtain up to HK$1,000 of cashback until the end of the year, while those using the bank’s cards to pay for purchases at stores or online malls can also get 1 per cent rebate without an amount or time limit, it added.
