HashKey, Visa launches Hong Kong bank card with as much as 4% return

HashKey Change, Shanghai Business Financial institution and Visa have launched a co-branded bank card in Hong Kong.

Eligible HashKey Change members can apply for the Shanghai Business Financial institution HashKey Visa Signature Credit score Card by each corporations' cell functions.

The cardboard connects on a regular basis spending with advantages that prospects can use at approved exchanges. This program doesn’t pay out cryptocurrencies instantly. As an alternative, convert your reward factors into HashKey HKD Money Vouchers each month. Customers can apply their vouchers in direction of cryptocurrency purchases or transaction charges.

Through the promotional interval, the cardboard provides as much as 4% off

Shanghai Business Financial institution's card product web page lists a 2% profit on eligible home spend and 4% profit on eligible worldwide spend throughout the promotional interval. New prospects may obtain as much as HK$1,200 in HashKey HKD Money Vouchers or HK$1,000 in spending credit, topic to the phrases of the provide.

Cardholders earn 1 level for each HK$1 spent. On every month-to-month assertion date, this system will convert 250 factors into HK$1 of HashKey HKD Money Vouchers. Prospects obtain a voucher of their HashKey account that they’ll use to buy supported cryptocurrencies or offset transaction charges.

Shanghai Business Financial institution points and manages playing cards

Shanghai Business Financial institution points the playing cards and handles all banking and credit score companies. In response to HashKey's bank card disclosure info, the alternate doesn’t provide credit score or banking companies. The financial institution additionally decides whether or not to approve every software.

Entrants will need to have a HashKey account, reside in Hong Kong, and be at the very least 18 years of age. The applying begins on the HashKey cell app earlier than redirecting the person to the Shanghai Business Financial institution app. The cardboard may even mild up throughout contactless funds.

HashKey targets sensible use of digital belongings

HashKey Change Enterprise Group CEO Haiyang Ru mentioned the partnership goals to broaden the usage of regulated digital belongings past buying and selling. He mentioned the corporate needs to maneuver “past speculative buying and selling” by connecting digital belongings with a broader vary of monetary companies.

Visa Hong Kong and Macau normal supervisor Paulina Leung mentioned the 2 corporations goal to attach digital asset companies with acquainted cost strategies. Visa will present the cost community, and the financial institution and HashKey will handle playing cards, advantages, and buyer accounts below their respective regulated roles.

The product follows an announcement in October 2025 that Shanghai Business Financial institution and HashKey plan to develop a co-branded Visa card. With launch in July, this plan will turn out to be a product that may be claimed by eligible alternate members.

Coming into Asia's Rising Cryptocurrency Level Card Market

HashKey is without doubt one of the first exchanges to be licensed to serve retail crypto prospects in Hong Kong. As reported by crypto.information, the platform will launch licensed retail operations in August 2023 and helps direct financial institution transfers in Hong Kong {dollars} and US {dollars}.

The cardboard comes as HashKey expands as a publicly traded digital asset firm. In June, the corporate's board permitted a share buyback plan value as much as HK$100 million, as the corporate's share value rose from latest lows.

Elsewhere, different Asian monetary teams are additionally linking card spending with digital asset rewards. As beforehand reported, SBI and Visa launched a Japanese bank card program tied to Bitcoin, Ether, and XRP rewards in Might.

The HashKey program makes use of a special construction. Prospects obtain a voucher denominated in Hong Kong {dollars} and select whether or not to make use of it to buy cryptocurrencies. Fairly than paying in cryptocurrency instantly at checkout, this mannequin retains bank card, redemption, and alternate transactions as separate steps.