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Best Digital Banks in China

The complete list of neobanks, mobile-only banks and digital banks in China in 2024.
The list includes Neobanks for businesses and personal users.

4 Neobanks in China

LogoNeobankHead OfficeFor whoVisit
DBS digibankSingaporePersonalGo to DBS digibank
AspireSingaporeBusinessGo to Aspire
WeBankShenzhen, ChinaPersonalGo to WeBank
MYbankHangzhou, ChinaBusinessGo to MYbank

Which personal neobanks are best for residents of China?

In China, personal neobanks present a modern, cost-effective alternative to traditional banking. Operating exclusively online, these digital platforms deliver a variety of financial services, such as multi-currency accounts, international money transfers, and debit cards. Designed for frequent travelers, digital nomads, or anyone seeking streamlined financial management, neobanks offer a hassle-free and economical option tailored to contemporary lifestyles:
DBS digibank

Founded: 2016

Headquarters: Singapore

Users: +5 million

Countries available: 6

Account plans: checking and savings accounts

Go to DBS digibank
WeBank logo

Founded: 2014

Headquarters: Shenzhen, China

Users: +350 million

Countries available: China

Account plans: checking and savings accounts

Go to WeBank

Which business neobanks are best for businesses based in China?

Business neobanks in China cater specifically to the needs of companies, offering customized banking solutions. These digital-only platforms provide a suite of services tailored for businesses, such as multi-currency accounts, international payment options, and tools for managing expenses. Whether you’re running a growing startup or a well-established company, business neobanks can simplify financial management while helping to cut costs:

Aspire logo

Founded: 2018

Headquarters: Singapore

Users: +15,000 thousand

Countries available: 18

Account plans: 1 plan option

Go to Aspire
MYbank logo

Founded: 2015

Headquarters: Hangzhou, China

Users: +40 million

Countries available: China

Account plans: current accounts

Go to MYbank

Why use a neobank?

Affordable fees and attractive pricing

Quick account setup and hassle-free onboarding

Intuitive design for easy navigation

Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.

Advanced budgeting and financial tracking tools

Responsive support and community involvement

What Neobank: Your guide to modern banking.