WeBank, China’s first online-only private bank backed by internet behemoth Tencent, quietly released its banking app over the weekend. Its features are remarkably similar to the existing WeChat payment services, though they expect to expand soon.

In addition to being named after WeChat, Tencent’s mark on WeBank is clear in its exclusive support for WeChat and QQ login. After registering a connected bankcard, the users will get a 19-digit WeBank account number.

Only text message verification is needed to connect the first bankcard. But those who want to add a second one have to authenticate through face and voice recognition technologies. The highly anticipated long-distance account opening feature is still unavailable due to security concerns.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.