Hong Kong’s livi bank doubles customer base to 200,000 by end-2021

Its buy now, pay later service has received over 60,000 applications.

Hong Kong’s livi bank has reached 200,000 customers in the city by end-2021, double that seen in mid-year.

Of these, over eight in 10 or 83% of the customers utilise at least two of the bank’s products.

The virtual-only bank, which launched in 2020, shared that it now has about HK$3b in deposits.

Also Read: How Hong Kong's livi bank aims to make banking more rewarding

Livi bank is the first lender to introduce “buy now pay later” services in Hong Kong with the launch of livi PayLater. It has reportedly received over 60,000 applications for the service alone.