The answer to this is No. 

Neat is not a bank but works with ePayLinks Technology Co., Limited. (“ePayLinks”). The Neat Card is issued by ePayLinks Technology Co. Ltd (“ePayLinks”), an authorised MasterCard® prepaid card issuer in Hong Kong.


ePayLinks is a  Stored Value Facility (“SVF”) licensee (License number SVF0011) regulated by the Hong Kong Monetary Authority’s (“HKMA”). You can find more details about ePayLinks here.


The HKMA is responsible for the licensing and supervision of ePayLinks’ issuance of Stored Value Facilities (“SVF”) in accordance with the Payment Systems and Stored Value Facilities Ordinance (Cap. 584) and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) in Hong Kong.