WeBank
The world's largest digital bank: 400M+ customers on Tencent rails.
Tencent-backed; world's largest digital bank by users.
- Who holds it
- The company itself — it holds a full banking licence — Private bank license (CN).
- 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 WeBank’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 |
| AI | AI underwriting in production |
| HQ | Shenzhen, CN |
| Founded | 2014 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Private bank license (CN) |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Reported users | 400M customers (2024) |
| Founders | Tencent-led consortium |
Verified links: official site ↗
Common questions about WeBank
What is WeBank?
WeBank is a fiat neobank, headquartered in Shenzhen, CN and founded in 2014. Your money is held custodially, so WeBank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Private bank license (CN)).
Does WeBank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does WeBank require KYC?
Yes. WeBank requires identity verification (KYC) to open an account, as a licensed bank.
Early investors
Peers
Wise · KakaoBank · bKash · Maya · GCash · PhonePe
WeBank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks with no card of their own (67)
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.