Tencent founded WeBank in 2014 as China’s first digital-only bank. With over 400 million customers, WeBank is the world’s largest digital bank. The bank leverages Tencent’s ecosystem to provide a range of services including microloans to small- and medium-sized enterprises. WeBank processes an average of almost 800 million transactions a day, with 2023 operating income of $5.5 billion.
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