Saudi Press

Saudi Arabia and the world
Thursday, Oct 02, 2025

BVI-Based Bank Of Asia Rolls Out Services

Bank of Asia (BVI) Limited one of the world’s first fully digital global cross-border banks and the first digital bank in the British Virgin Islands (“BVI”), is set to host an official launch ceremony in the BVI . The BVI-based Bank of Asia (BoA), which upon its inception was hailed as a key step in the furtherance of the BVI’s financial services, has commenced its services to companies registered in the BVI and other selected jurisdictions. The service is also extended to owners, directors and associates of the companies.

The Bank that was established mainly to address the growing needs of offshore companies and provides banking services to BVI and other companies, as well as trusts and individuals from around the world, commenced in August with immediate offering.

  • One of the world’s first fully digital global cross-border banks and the first digital bank in the BVI

  • Online state-of-the-art KYC/AML matrix and digital banking system officially opened and the Bank is actively on-boarding clients

  • Positions the British Virgin Islands at the forefront of reshaping global financial services through innovative digital banking services

In an effort to get the word out about the services, it was announced that BVI House Asia and Bank of Asia will be hosting a joint information briefing session in Hong Kong on October 10.

In the announcement of the service, it was mentioned that BoA “is now ready to onboard and serve both corporate clients and individual customers associated with the BVI and other offshore jurisdictions, as well as worldwide selected economies.”

As a digital bank, Bank of Asia does not have legacy systems and branches. Instead, it has chosen to build its platform from the latest and best technology, which reduces transaction time and expense, all of which translates to savings which can be passed on to customers.

It was stated that persons wishing to open an account can submit their application online through BoA’s website and/or mobile app, which provides a step-by-step guidance of the account opening process.

Meanwhile, it was noted that currently Bank of Asia supports interest-bearing savings and checking accounts, along with term deposit and other operating accounts, in four currencies (USD, EUR, HKD and RMB).

Additionally, it was mentioned that BoA can refer clients to open accounts with its related securities, asset management and insurance entities, or with its financial service partners for products and services in the markets where BoA and its related entities do not cover currently.

Bank of Asia and its affiliates employ approximately 70 staff in Asia and the BVI, with a customer call centre in Manila providing 24/7 service.


Account opening: https://www.bankasia.com/



Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
×