Some of the eight digital banks in Hong Kong are exploring the establishment of physical branches locally, including banks such as WeLab Bank, ZA Bank, and Mox Bank, while Livi Bank has no plans to open physical branches.

The Hong Kong Monetary Authority issued a new rule last October allowing these banks to open physical branches within a limited scope, replacing the term 'virtual bank' with 'licensed digital bank' to enhance public confidence in these companies.
“Considering the industry's feedback, the Hong Kong Monetary Authority believes that granting digital banks the flexibility to conduct business through non-electronic channels in a limited manner will help improve their transaction processes and enhance customer experience,” a spokesperson for the Hong Kong Monetary Authority stated. “The Hong Kong Monetary Authority will carefully evaluate the reasons and basis when handling applications for digital banks to establish physical branches.” (South China Morning Post)