WeBank Technology Services has established a new hub in Hong Kong as part of its strategic expansion into global markets. This move includes forming partnerships with key financial institutions across Asia such as Indonesia’s Mega Corp, Thailand’s SCBX, Malaysia’s Hong Leong Bank, and Hong Kong’s Fusion Bank.
These partnerships are designed to enhance WeBank’s ability to provide fintech solutions and to support digital banking infrastructure improvements regionally.
Located in Hong Kong, WeBank Technology Services seeks to leverage the city’s role as a major financial center to advance its growth and innovation in fintech. This development is in line with WeBank’s goals to expand its international presence and deliver comprehensive digital banking services globally.
The collaboration with Fusion Bank, for example, involves the integration of WeBank’s proprietary Openhive digital banking platform. This partnership aims to optimise Fusion Bank’s operational efficiency through technological upgrades, reflecting a shared commitment to enhancing core banking functions.
Senior representatives from WeBank and WeBank Technology Services, along with government officials from Shenzhen and Hong Kong and international partners, attended a ceremony to mark the launch of the hub.
Boosting capabilities in the Greater Bay Area
At the ceremony, Li Nanqing, president of WeBank and chairman of WeBank Technology Services, outlined the strategic importance of establishing operations in Hong Kong.
“WeBank Technology Services, supported by Hong Kong’s open business environment, aims to become a hub for technology services delivery, innovation, and sales while remaining committed to advancing the development of the Greater Bay Area.
“We are also collaborating with local financial partners by offering reliable digital solutions, which supports Chinese companies aiming for international markets and upgrading services and technology.”
The new hub also aims to improve financial collaboration between Shenzhen and Hong Kong, contributing to the financial development and technological connectivity of the Greater Bay Area.
The strategic location of the Hong Kong hub also enables WeBank Technology Services to better connect with international markets, helping both local and global businesses adapt to the evolving demands of digital finance.
The company now collaborates with over 20 enterprises and institutions across diverse regions including Southeast Asia, Saudi Arabia, and Hong Kong itself.
