Cathay United World Bank The Cathay United World Bank KOKO app will be discontinued in the fourth quarter of next year Company response: Brand integration

Cathay United Bank’s KOKO digital account has 1.45 million customers. Today (24) announced to customers that the KOKO APP service will be suspended. Are customers worried if the 50 free wire transfers will be lost? The company points out that it is because of the branding integration. Cathay United World Bank pointed out that existing KOKO users can update their banking password online, log into the Cathay United World China CUBE app, and continue to use the original KOKO digital account. Currently, 1 in 7 KOKO users have been transferred to CUBE and all services can be used with confidence in the CUBE App. Regarding relevant rights and interests in 2023, an announcement will be made at another date.

Following the replacement of its Costco co-branded card, Cathay United Bank is fully hoping that the CUBE card will become the next generation magic card and the company is also fully integrating digital brands! Tomorrow (25), it will announce that its digital brands will be merged from the original KOKO to “CUBE”, including the 1.45 million digital account KOKO app will be officially suspended in the fourth quarter of next year, and debit cards and KOKO digital deposit accounts will no longer be accepted. Add “KOKO COMBO icash Co-branded Card”.

The Cathay United World Bank has stated that KOKO will be fully integrated into the Cathay United World China CUBE app on January 1, 2023 next year and that existing KOKO users can continue to use the KOKO app. Deactivation of the APP will not affect the KOKO digital deposit account, KOKO financial debit card and KOKO COMBO icash co-branded card. All of the above services can be used with confidence in Cathay UK’s CUBE app. There are currently 1.451 million UK Cathay KOKO digital deposit accounts. .

Below are customer alerts for digital accounts

KOKO is committed to creating financial services that are close to their preferences and needs.We have found that everyone at KOKO has increasingly different needs for financial services, from daily transfers, withdrawals and foreign exchange services, to investment and asset management, to goal savings management, financing needs, etc.

Cathay United World Bank pointed out that 7 out of 10 KOKO users have joined Cathay United World China CUBEApp. CUBEApp can transfer funds and withdraw money via mobile phones, add sub-accounts, set target savings and term deposits. In terms of investment and wealth management, it provides options such as funds, stocks and smart investments. CUBEApp can satisfy various types of digital investment financial needs.

KOKOApp is expected to suspend services in the fourth quarter of 2023. This will not affect the KOKO digital deposit account, KOKO debit card and KOKO COMBO icash co-branded card. The above services may be used continuously and safe in Cathay UK CUBEApp.

Finally, Cathay Pacific Bank stressed that once again we would like to thank our customers for staying with us.

Regarding credit cards, the official website also announced that from January 1, 2023 the KOKO digital deposit account will no longer be accepted for the “KOKO COMBO icash co-branded card” service. The rights and interests of existing cardholders Co-branded KOKO COMBO icash cards remain unchanged The 2023 annual rights and interests will be announced separately on the Bank’s official website on a set date.

Below is the content of the announcement on the official website of Cathay United Bank, indicating that the digital offering channel is being consolidated. KOKO’s future plans are as follows:

Hello dear customer:

KOKO is a digital banking brand launched specifically by Cathay UK for young people. In recent years the Bank has observed that the financial needs of young people are becoming increasingly diversified, from basic needs such as transfer and withdrawal to investment, wealth management objectives. and savings Management, currency exchange, etc. In order to make the user experience more complete, Cathay United World Bank will gradually guide KOKO users to try the Cathay United World China CUBE app and enjoy one-stop digital financial services for savings and wealth management.

From 1 January 2023, the Bank will integrate the digital account application channel into Cathay UK’s CUBE app and existing KOKO users will be able to continue using the KOKO app. The KOKO App service is expected to be suspended starting from the fourth quarter of 2023 and the effective suspension date will be announced on the Bank’s official website. Existing KOKO users can update their banking passwords online, log into the Cathay Pacific World China CUBE app, and continue to use their original KOKO digital accounts. KOKO 2023 account rights will be announced at another scheduled date.Cathay UK official websiteas well asKOKO official network。

Further reading

2.5 million Costco co-branded cards were transferred for replacement and netizens responded directly: I hope to open the bank

The number of overseas flight bookings has increased by 16% and the top ten airlines have up to 10% reward for swiping their cards

Companies throw money to keep people! In terms of maternity benefits, you can even get 100,000 yuan for upgraded grandmother.

• Yahoo Finance correspondent Ye Yiru: 22 years of experience in major financial media, from the Web 1.0 bubble in 2000 to Meta’s Web 3.0, witnessing the rise and fall of large and small business groups in Taiwan and going through 5 international financial crises. I think finance is life, and it is everywhere.No matter how difficult it is, financial knowledge should be clearly stated. Whether you are old or young, you should manage your money – if you don’t manage your money, your money will ignore you.