No, Neat is not a bank and it is not supervised by the Hong Kong Monetary Authority.
In Hong Kong, Neat has a strong regulatory backing and is a holder of Money Service Operator Licence (19-06-02796), Trust or Company Service Provider Licence (TC006452) and Money Lender’s Licence (No. 1087/2021).
More information can be found here.
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For more information on Neat Business, please visit https://www.neatcommerce.com/business/features.