# Mox Bank

> Source: https://docs.barcoder.ai/docs/wallets/mox-bank
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Mox Bank — official](https://mox.com/)

## Overview

**Mox** is **HK virtual bank backed by Standard Chartered + HKT + PCCW + Trip.com**, launched **September 2020** <sup>[1][1], [2][2], [Hong Kong report](https://docs.barcoder.ai/docs/payments/HK)</sup>. **2025 baseline**:
- **750,000 customers** (12% of HK bankable population)
- **Total deposits**: +20% YoY through November 2025
- **US dollar deposits**: 14x expansion from December 2024

**January 2026 — Mox Bank launches cryptocurrency trading** <sup>[3][3]</sup>: Received **upgraded Type 1 license from HK SFC** (Securities and Futures Commission); among HK virtual banks pioneering crypto-trading regulated services.

**Distinctive Mox partnership stack**: **Standard Chartered (UK Big-Bank) + HKT (HK Telecom) + PCCW (HK media + telco) + Trip.com Group (Chinese travel mega-company)** — distinctive 4-corner JV.

## History

**March 2019 — HKMA Virtual Bank license granted** (one of HK's first 8 virtual bank licenses).

**September 2020 — Mox launches** <sup>[1][1]</sup>: Standard Chartered + HKT + PCCW + Trip.com JV operationally launches.

**2021-2024 — Mass HK adoption** <sup>[1][1]</sup>: 550K customers + 10%+ HK bankable-population penetration by mid-2025.

**2025 — 750K customers + 12% HK bankable population + deposits +20% YoY + USD deposits 14x from Dec 2024** <sup>[4][4]</sup>.

**January 2026 — Crypto trading launch + SFC Type 1 license upgrade** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Mox Bank Limited** (4-corner JV).

**Major shareholders**:
- **Standard Chartered Bank** — UK-headquartered global bank
- **HKT Limited** — Hong Kong telecommunications (HKT Group spinout from PCCW)
- **PCCW Limited** — Hong Kong media + telecom mega-conglomerate
- **Trip.com Group (NASDAQ: TCOM)** — Chinese travel mega-company

**Regulators**: **HKMA** + **SFC (Securities and Futures Commission Hong Kong)** for Type 1 crypto-trading license (Jan 2026+).

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Mox mobile app (iOS + Android) + Mox Visa cards + Mox crypto trading (Jan 2026+) |
| **Identifiers** | Phone + email + card number + HKID |
| **HK rail** | **FPS** (Faster Payment System) |
| **License** | HKMA HK Virtual Bank + SFC Type 1 (crypto Jan 2026+) |
| **Sub-products** | Mox Account + Mox Cards + Mox Boost interest savings + Mox FX (USD deposits 14x from Dec 2024) + Mox Crypto Trading (Jan 2026+) |
| **2025 milestones** | 750K customers + 12% HK bankable population + deposits +20% YoY |

## Users & growth

**2025 baseline** <sup>[4][4]</sup>:
- **Customers**: 750,000 (12% of HK bankable population)
- **Mid-2025 baseline**: 550,000 customers + 10%+ HK bankable population
- **Total deposits**: +20% YoY through November 2025
- **USD deposits**: 14x expansion from December 2024
- **January 2026**: Crypto trading launch via SFC Type 1 license upgrade

## Use cases

HK retail digital banking (deposits + cards + Boost interest savings); HK FX (USD deposits 14x growth from Dec 2024); crypto trading (Jan 2026+ SFC Type 1 license); Mox Visa cards.

## Implementations & partners

**Operator**: **Mox Bank Limited** (4-corner JV: **Standard Chartered + HKT + PCCW + Trip.com**).

**Major HK virtual bank competitors**:
- **[ZA Bank](https://docs.barcoder.ai/docs/wallets/za-bank)** (HK's first virtual bank to operationally launch + first to surpass 1M users; H1 2025 1M+ users; H1 2025 HK$49M first profit)
- **[WeLab Bank](https://docs.barcoder.ai/docs/wallets/welab-bank)** (HK's largest digital bank by revenue; H1 2025 HK$460M net revenue +70% YoY)
- **Livi Bank** (BOC HK + JD Digits + Jardine Matheson JV)
- **Ant Bank (HK)** (Ant Group HK virtual bank; AlipayHK ecosystem)
- **Airstar Bank** (Xiaomi + AMTD JV)
- **PAO Bank** (Ping An OneConnect; Ping An-backed)
- **Fusion Bank** (Tencent + ICBC + Hillhouse JV)

**Regulators**: **HKMA + SFC HK**.

## Fun facts

- **HK virtual bank backed by Standard Chartered + HKT + PCCW + Trip.com** — distinctive 4-corner JV.
- **2025**: 750K customers + 12% HK bankable population.
- **Total deposits +20% YoY** through November 2025.
- **USD deposits 14x expansion** from December 2024.
- **January 2026 cryptocurrency trading launch via SFC Type 1 license upgrade** — among HK virtual banks pioneering crypto-trading regulated services.
- **September 2020 launch** (one of HK's first 8 virtual bank licenses 2019).
- **Trip.com Group (NASDAQ: TCOM)** — Chinese travel mega-company among JV partners (distinctive vs other HK virtual banks).

## Comparison

| Feature | Mox Bank | [ZA Bank](https://docs.barcoder.ai/docs/wallets/za-bank) (HK virtual bank rival; ZhongAn-backed) | [WeLab Bank](https://docs.barcoder.ai/docs/wallets/welab-bank) (HK virtual bank rival; WeLab pan-Asian) | Livi Bank (BOC HK + JD + Jardine JV) | Ant Bank (HK) (Ant Group HK rival) |
|---|---|---|---|---|---|
| Operator | **Mox Bank Limited (Standard Chartered + HKT + PCCW + Trip.com JV)** | ZA Bank (ZhongAn Technologies International Group; ZhongAn HKEX: 6060) | WeLab Bank (WeLab Limited; Simon Loong founder + CEO) | Livi Bank (BOC HK + JD Digits + Jardine Matheson JV) | Ant Bank HK (Ant Group HK subsidiary) |
| Type | **HK virtual bank (Standard Chartered-anchored 4-corner JV) + Jan 2026 crypto trading SFC Type 1** | HK first virtual bank operational + 1st 1M+ users + 1st profitable | HK largest digital bank by revenue + pan-Asian WeLab fintech | HK virtual bank Chinese-mainland BOC + JD JV | HK virtual bank Ant Group HK AlipayHK ecosystem |
| Users | **750K (2025; 12% HK bankable population)** | 1M+ (H1 2025) | ~500K HK | 150K (2021 baseline; less recent data) | Smaller HK |
| Distinctive | **Standard Chartered + HKT + PCCW + Trip.com 4-corner JV; deposits +20% YoY through Nov 2025; USD deposits 14x from Dec 2024; Jan 2026 crypto trading SFC Type 1** | ZhongAn co-founded by Ant + Tencent + Ping An; H1 2025 wealth AUM +125% YoY | WeLab pan-Asian 70M+ users; 11% HK unsecured personal-loan market share; 500M Asian customers ambition | Gamified rewards (Wishing Tree); HKD+USD+CNY multi-currency | AlipayHK ecosystem; 2M+ AlipayHK users can open via Mini App |

## Status

**Active, HK virtual bank with Jan 2026 crypto trading via SFC Type 1 license** <sup>[1][1], [3][3]</sup>:
- **Mox Bank Limited (Standard Chartered + HKT + PCCW + Trip.com 4-corner JV)** since September 2020.
- **2025**: 750K customers (12% HK bankable population) + deposits +20% YoY + USD deposits 14x from Dec 2024.
- **January 2026 cryptocurrency trading launch** via SFC Type 1 license upgrade.
- **HKMA + SFC HK regulated**.

## Sources

[1]: https://mox.com/ "Mox by Standard Chartered — official"
[2]: https://www.fintechfutures.com/challenger-banks/standard-chartered-unveils-new-hong-kong-challenger-bank-mox "Standard Chartered unveils Mox — Fintech Futures"
[3]: https://www.blockhead.co/2026/01/26/standard-chartereds-mox-bank-launches-crypto-trading-in-hong-kong/ "Standard Chartered's Mox Bank crypto trading Jan 2026 — Blockhead"
[4]: https://www.digfingroup.com/mox-primary/ "Mox Bank 550K Hongkongers + 750K 2025 — DigFin"
[hk-cro]: https://docs.barcoder.ai/docs/payments/HK

- [1] [Mox by Standard Chartered — official][1]
- [2] [Standard Chartered unveils Mox — Fintech Futures][2]
- [3] [Mox Bank crypto trading Jan 2026 — Blockhead][3]
- [4] [Mox Bank 750K 2025 — DigFin][4]
- <sup>[Hong Kong report](https://docs.barcoder.ai/docs/payments/HK)</sup> In-corpus: `reports/countries/HK-hong-kong.md`

## Source

Biography extracted from [mox-bank.md](https://docs.barcoder.ai/source/wallets/mox-bank). See `matrix.md` for standards-support matrix if present.