The Rise of Digital Banking

Digital banks on rising. Users have increased from 26% to 51% between 2012 and 2017 in the US. This trend indicates that many consumers are interacting with financial institutions through digital means, including desktops, laptops, tablets and smartphones.

The (HKMA) Monetary Authority has granted banking licences under the Banking Ordinance to Livi VB Limited, SC Digital Solutions Limited and ZhongAn Virtual Finance Limited for them to operate in the form of a virtual bank.

Since the Hong Kong banking was quite tragical, it would be great opportunity for Digital Nomands and for all online people out there to register Hong Kong company and set up a digital bank account with local banks.

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