Standard Chartered (02888.HK) subsidiary digital bank Mox Bank cooperates with Cathay (00293.HK) and Mastercard (MA.US) to launch credit card sign-up bonuses for earning air miles rewards. The bank's Product Director, Po Chi Yat, stated that this collaboration plan aims to expand the bank's customer base, and is very confident that the new service will be well received by customers.

Mox CEO, Hu Bo Si, revealed that the bank has entered the correct track of breaking even, expecting to achieve profitability in 2026, and described that this collaboration plan can help the bank find more customers. In addition, the HKMA recently relaxed the rules for digital banks to establish physical branches, and no longer restricts them to primarily engage in retail banking. Hu Bo Si believes that the new guidelines provide digital banks with more options and further growth opportunities, indicating that the bank will continue to explore in this area.

Mox Bank also mentioned that the total number of outbound Hong Kong travelers reached 50 million in the first half of this year. As for their product "MoxCard", there have been over 0.1 billion transaction records since its launch. (js/k)

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