Sunday, 25 September 2022

The Best Digital Bank in Asia-Pacific, Best Digital Bank in China - WeBank

5 min read

By The Asian Banker

With tightly integrated social media and payment platforms, the winning bank has built a strong financial balance sheet with total assets of $69 billion(RMB468 billion)since its launch, driven by its retail and SME micro loan business. With its blockchain-enabled open banking platform, the bank has become a super connector to most financial institutions in China. It was the first bank in the world to build a large-scale commercially viable blockchain infrastructure ecosystem supporting more than 360 million transactions per day. In 2021, the bank launched its digital supply chain finance brand that provided support to 30 key national industrial chains, working with nearly 500 brand partners to serve nearly 130,000 dealers and suppliers. The Best Digital Bank in Asia-Pacific, Best Digital Bank in China goes to WeBank



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