Business Daily Media

The Times


.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit

HONG KONG SAR - Media OutReach Newswire - 9 December 2024 - Zero Fintech Group (00093.HK) is thrilled to announce a strategic financing deal with Standard Chartered Bank (Hong Kong) Limited ("Standard Chartered") (02888.HK) to enhance A.I.

financing solutions for X Wallet. In 2024, registered users of the X Wallet App have seen an impressive uplift of 209% year-over-year, with monthly active users growing by 224%. This collaboration includes a funding limit of up to HKD800 Million from Standard Chartered to support the Group's asset and business growth.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit

This partnership is a pivotal move for Zero Fintech Group as it seeks to leverage proprietary A.I. technology of X Wallet to drive efficiency and innovation within the financial sector. With Standard Chartered's funding support, X Wallet will enhance its capabilities to provide users with streamlined, cost-effective financial solutions tailored to their needs.

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 facilitate the creation of a comprehensive financial ecosystem in X Wallet, integrating various Fintech services to provide users with seamless access to a wide range of financial products from lending to payment. This holistic approach aims to redefine customer experience and empower users in their financial journeys.
Hashtag: #ZeroFintechGroup

The issuer is solely responsible for the content of this announcement.

About X Wallet

X Wallet is a cutting-edge Fintech mobile app, developed by Zero Fintech Group in 2018. As the first AI-powered digital lending app in Hong Kong, X Wallet combines advanced lending features with a seamless Buy Now, Pay Later payment solution.

Its flagship product, X Cash.AI, delivers a fully automated lending experience, approving loans within 5 seconds without any need for human intervention. This breakthrough innovation redefines traditional lending and payment methods, offering users a faster and more efficient financial experience.

News from Asia

Asia to add 700+ million middle-class adults by 2036 as e-commerce moves beyond cards, WDL and EBANX find

Joint study shows emerging markets will generate 60% of new online spending over the next decade — most of it from consumers without a credit cardSINGAPORE – Media OutReach Newswire – 21 October 2...

Solcis launches open compliance layer for AI agents on NVIDIA OpenShell

Solcis extends open security guardrails such as NVIDIA OpenShell and Microsoft’s AGT with the controls compliance professionals need, in a platform built to be self-hosted.SINGAPORE – Media OutRea...

Doremi3babies 10th Anniversary: Featured Caraz Play Mats, with 10% Off First Purchases and Free Home Delivery for Taiwan Members

Play mats, playpen fences and bumper beds in one place — new members get 10% off their first Caraz purchase, with every item in the Taiwan store duty-free and delivered free to the doorTAIPEI, TAIW...

Cross-Sector Collaboration For World Sight Day: Orbis, HKOS, Southern District Office, and Southern District Care Team Jointly Launch "Southern District Eye Care Day" - Calling on the Next Generation to Accompany and Protect Senior Vision

HONG KONG SAR – Media OutReach Newswire – 21 October 2026 – To mark the annual World Sight Day, international sight-saving organization Orbis, in partnership with the Hong Kong Ophthalmological So...

New Documentary Beyond Engineering: Guardians of Flight to Debut October 23 on Discovery Channel in Southeast Asia

SINGAPORE – Media OutReach Newswire – 21 October 2026 – Discovery Channel's Beyond Engineering: Guardians of Flight premieres on Friday, October 23. This new documentary highlights Taiwan-...

7-Eleven Malaysia Brings 20-Year Vision for Inclusive Employment with New CAFé by 7-Eleven at Universiti Malaya

Inspired by a personal rehabilitation experience, the initiative builds on a long-standing vision to connect rehabilitation with workplace exposure and potential employment opportunities for person...

MindFlex Education: A Home Tutor Costs Singapore Families a Median of S$390 a Month, Rising from S$325 at Primary to S$553 at Junior College

MindFlex Education’s 7-year study of more than 100,000 home tuition arrangements shows what families actually pay, who they hire, and when they look for helpSINGAPORE – Media OutReach Newswire – 2...

"Intelligent Computing Empowers a Shared Future": China Telecom Global and HKUST Establish Joint Laboratory on AI for Telecommunications

HONG KONG SAR – Media OutReach Newswire – 21 October 2026 – China Telecom Global (CTG) and The Hong Kong University of Science and Technology (HKUST) have held the signing ceremony for the HKUST–C...

Lee Kum Kee Sauce Supports Next Generation of Hong Kong Sailers at HKODA Open & National Championships 2026

A heritage Hong Kong brand backs local youth sailing and healthy livingHONG KONG, CHINA – Media OutReach Newswire – 21 October 2026 – Lee Kum Kee Sauce ("Lee Kum Kee") sponsored the HKODA Open &am...

GoImpact’s Green Tech Summit returns for its third year to turn cross-sector dialogue into action

The annual flagship program builds on the success of its first two editions, bringing global experts together around an agenda shaped by the green transition's most urgent challenges and opportunit...

Australian workers spend almost an hour a day administering email

Research finds email filing, searching and rework consuming an estimated 58 minutes a day and potentially exposing organisations to millionsAustralian...

Customer Service Is Becoming Part of the Small Business Sales and Marketing Engine

For Customer Service Week, 5-9 October, Thryv is urging small businesses to look beyond generating  enquiries and examine what happens after a custome...

Gift Cards as the gateway to agentic payments

Prepaid and stored value gives consumers the trust and control to try AI shopping agents By Blackhawk Network VP Head of ANZ Kieran Nolan For deca...

Why Data Accumulation Without Governance Undermines Sustainability Goals

In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...