Zero Fintech Group is immensely glad to announce its financing cooperation with Standard Chartered Bank (Hong Kong) Limited to boost the A.I. financing services to X Wallet. Registered users of the XX Wallet App have grown by 209% year over year in 2024 and monthly active users by 224%.
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This cooperation also involves a funding cap at a maximum of HKD800 million from Standard Chartered to finance the Group’s asset and business expansion.
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This partnership is a strategic milestone for Zero Fintech Group because it aims to use X Wallet’s proprietary AI solution to introduce changes and improvements to the financial industry’s activities. Funding by Standard Chartered Bank will allow X Wallet to strengthen its services to users, offering them efficient and affordable monetary services that meet their requirements.
Carlos Chau, Executive Director at Zero Fintech Group, said, “We are excited to join forces with Standard Chartered to elevate X Wallet’s offerings. This funding support not only fuels our technological advancements but also allows us to focus on building a robust financial ecosystem that prioritizes cost efficiency and user-centric solutions.”
The funding support by Standard Chartered will also help develop an integrated financial solution in X Wallet that includes various fintech services such as lending and payment, so that it can achieve the target of making professional financial products easily available for users. These change initiatives are designed as a customer-centric vision that will rewrite the concept of customer experience and direct users in their financial endeavors.
About Standard Chartered
Standard Chartered is a leading international banking group, in 52 of the world’s most dynamic markets. Its purpose is to drive commerce and prosperity. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004 and now operates as a licensed bank in Hong Kong under Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.
