Virtual Bank Airstar Launches SME Banking
Airstar, one of a select few digital banks approved by Hong Kong regulators, has announced SME banking services. AirStar states that following its launch in the summer of 2020 it has experienced a steady increase of both deposit accounts and loan customers and it is now expanding services.
Airstar also has announced that its corporate banking services for SMEs have entered the pilot launch through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority. The pilot trial will seek to include SMEs from different sectors, allowing them to experience virtual banking services. The pilot trial now is open to 100 SMEs.