Hong Kong’s virtual bank ZA Bank and United Kingdom-based financial technology firm Wise has jointly announced a partnership on Wednesday to offer low-cost and quick international money transfers to Hongkongers. This partnership marks two firsts: ZA Bank becoming the first bank in Hong Kong to provide international money transfers with no exchange rate mark-ups or hidden fees, as well as Wise Platform’s launch in Hong Kong with ZA Bank as its first neo-bank partner in East Asia.