Ping An Digital Bank
One of Hong Kong's eight 2019 virtual banks, renamed in March 2026 and focused on cross-border e-commerce sellers.
Lufax-owned Hong Kong virtual bank (ex-PAO Bank, renamed 2026): fee-free HKD/USD/CNY accounts and trade finance for cross-border e-commerce sellers.
- Who holds it
- The company itself — it holds a full banking licence — Hong Kong virtual bank licence (HKMA); wholly owned by Lufax Holding (Ping An Group).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Ping An Digital Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · SMB & startups |
| HQ | Hong Kong, HK |
| Founded | 2020 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Hong Kong virtual bank licence (HKMA); wholly owned by Lufax Holding (Ping An Group) |
| Card | No card |
| Yield | Time deposits |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Countries | Hong Kong |
| Founders | Ping An OneConnect (now owned by Lufax) |
Verified links: official site ↗ · terms ↗ · privacy ↗
Common questions about Ping An Digital Bank
What is Ping An Digital Bank?
Ping An Digital Bank is a fiat neobank built for SMB & startups, headquartered in Hong Kong, HK and founded in 2020. Your money is held custodially, so Ping An Digital Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Hong Kong virtual bank licence (HKMA); wholly owned by Lufax Holding (Ping An Group)).
Does Ping An Digital Bank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does Ping An Digital Bank require KYC?
Yes. Ping An Digital Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Ping An Digital Bank cost?
From the verified fields: yield Time deposits. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Ping An Digital Bank before relying on them.
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Head-to-head
Ping An Digital Bank vs Aspire
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Ping An Digital Bank appears in
Neobanks that hold their own banking license (140) · Neobanks that require identity verification (349) · Neobanks available in Asia (136) · Neobanks for small businesses and startups (39) · Neobanks with no card of their own (74) · Neobanks in Hong Kong (6)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.