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Reviews / WeBank Edition №07 · 11 March 2026 · 1,700 words

WeBank,
reviewed.

First Chinese internet-only bank licence (CBIRC, 2014). Tencent-backed; embedded inside WeChat Pay. ~400M users.

Editor
Stephan Kulik
Founded
2014
EU customers
400.0 M
min read
7 / ~1,700
Disclosure WeBank does not pay us a referral fee. This review is purely editorial. See the methodology → webank · no_commission
87/100
WeBank is the first Chinese internet-only bank — CBIRC licence since 2014, embedded in WeChat, ~400M users.
Rank #18 / 60APAC digital full-bank
CategoryAPAC digital full-bank
LicenceFull
WeBankEdition №07
Licence
Full credit institution
CBIRC + PBoC (China)
Deposit protection
CNY 500,000 (PBoC DIS)
PBoC Deposit Insurance Scheme
Customers (EU)
400.0 M
As of 2026-Q1 — // TODO(verify)
IBAN
CN (CNY)
CNY primary; WeChat Pay distribution
01
Reviews

WeBank, in full.

What WeBank is, in 2026

First Chinese internet-only bank, CBIRC-licensed since 2014. Tencent is the largest shareholder. ~400M users via WeChat Pay distribution.

Safety and regulation

Direct CBIRC bank licence; PBoC Deposit Insurance Scheme member with CNY 500,000 per-depositor cover.

Who WeBank is for

Use WeBank if: you're a CN resident already inside the WeChat Pay ecosystem. Non-CN residents have limited access — this is a domestic product.

02
Pricing

WeBank's plans, side by side.

WeBank Account
Custom /mo
Free — full bank
  • Free — full bank
03
Scorecard

How we got to 87.

87/100
Same six dimensions we apply to every neobank in the index. Weights published; unchanged within an edition.
Regulation & safetyLicence class · DGS · resilience
25%88
Pricing & feesTransparent and competitive
20%88
Hands-on UXExtended primary-account test
20%85
FeaturesVaults · stocks · crypto · insurance
15%90
App stores iOS 4.6 · Android 4.5
10% 91
04 — Verdict

The first Chinese internet-only bank, embedded in WeChat.
CBIRC-licensed since 2014. Tencent-backed; PBoC deposit-insurance member.

WeBank received its Chinese banking licence from CBIRC in 2014 — the first internet-only banking licence in China. Tencent is the largest shareholder; WeChat Pay distribution provides ~400M users. Free WeBank account, savings products, lending products (Weilidai consumer credit, Weiyedai SMB credit). PBoC Deposit Insurance Scheme cover up to CNY 500,000 (~USD 70K) per depositor. The default Chinese digital bank for WeChat-native users. Note: regulatory and capital-markets access for non-CN residents is limited — this is a CN-resident product.

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Edition №07 · Updated 11 March 2026