Mox’s Rapid Service Release Gains Recognition as One of World’s Fastest-Growing Digital Banks

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HONG KONG SAR – Media OutReach Newswire – 23 April 2024 – Mox Bank Limited (“Mox”) has been recognised by global management consulting firm Oliver Wyman as one of the fastest-growing digital banks in the world. This distinction highlights Mox’s remarkable growth trajectory and commitment to innovative product offerings. Oliver Wyman’s analysis emphasises Mox’s speed to market with launching a wider range of products and services compared to other globally renowned digital banks after setting up for the first three years. This robust portfolio and focus on innovation have been pivotal to Mox’s impressive performance throughout the APAC region.

[1] The bank was named the Best Digital-only Bank in Hong Kong in 2023 by The Asian Banker, #5 by the World Digital Bank Awards 2023, and ranked top in Forbes’ World’s Best Banks 2023.
[2] According to TransUnion’s Market Insights and Intelligence Dashboard.
[3] Based on the aggregate results of two surveys conducted every six months from January to December 2023 by Human8 to compare Net Promoter Scores among all virtual banks in Hong Kong.

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About Mox Bank Limited (“Mox”)

Mox is a pioneering virtual bank in Hong Kong and a registered institution (CE number: BNO808) powered by in partnership with , and . Founded in September 2020, Mox is reimagining banking, empowering possibilities, and setting global benchmarks for digital banking from Hong Kong.

Mox is well on track to be the number one virtual bank for cards, lending and wealth. The bank was recognised in and , and was ranked fifth in the by The Digital Banker and in the Global Top 10 Banks in . Through a scalable platform, lower cost-to-serve, top-notch customer experience and the unique promise of safe, simple, smart, and fun banking, Mox has found immense affinity among Hong Kong customers in just three years since it was founded: Mox app is the top-rated Hong Kong virtual banking app in Apple App Store in Hong Kong[4], scoring 4.8 out of 5 and Mox consistently has the best Net Promoter Score (NPS) among all Hong Kong virtual banks in 2023[5]. Mox’s influence extends beyond Hong Kong, as shown by the company’s technology and know-how being transferred to Trust Bank in Singapore.

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[4] As of 22 April 2024.
[5] Based on the aggregate results of two surveys conducted every six months from January to December 2023 by Human8 to compare Net Promoter Scores among all virtual banks in Hong Kong.