This post covers some latest developments in digital banks and new mobility.
ZA Bank
Second Wave Digital Banks
- ZA Bank is first off the block in a 2nd wave of digital banks in the Far East.
- The HK digital bank is co-founded by ZhongAn and SinoLink.
- Other anticipated 2nd wave banks: HK (8), TW (3), SG (5) and MY (5).
- 1st wave digital banks: DigiBank (IN), Kotak (IN), TMRW (TH), CIMB (PH).
- And KakaoBank (KR), WeBank (CN). NetBank (JP).
Features of ZA Bank
- Clean interface, clear features.
- Onboard with a scan of HK identity card.
- Deposit in HKD, CNY or USD.
- Fixed deposits as low as $1 with 1, 3, 6, 12 months terms.
- Interest rate: deposits (~2%), loans (~8%).
- 'Undo' transaction (within 5 seconds).
SO Car
On Demand Electric Rides
- SoCar is offering on-demand electric rides with Zoes at Cyberjaya.
- Renault Zoe is Europe's top selling electric car.
- In partnership with TNB which is going into the EV charging business.
- Prices are not available, likely to be around MYR 12 [USD 3] per hour.
In Other Mobility News