Posts From Fintech News Hong Kong

Where to Buy Cryptocurrencies in South Korea

While the global cryptocurrency fervor has abated throughout the course of 2018 following bitcoin’s parabolic rise in the year prior, investors in South Korea into continue to trade cryptocurrencies via large cryptocurrency exchange gateways. In South Korea, there are a

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Chinese UnionPay Cardholders Entitled to Amazon Giftcard When Paying Student Fees

Geoswift, UnionPay International and Western Union have recently offered a joint tuition payment promotion available to Chinese students studying at more than 600 academic institutions in 11 countries. The promotion is available only for Chinese students studying in the United

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Their Business Faced Roadblocks, So Didi is Now Mirroring Alibaba’s Fintech Game Plan

The company that drove Uber out of China, Didi Chuxing, comes into the new year embroiled in controversy. About a month ago, Didi announced a major restructuring—the latest development in series of platform tweaks after it came out that the

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China’s Cashless Economy Set to Overtake USA by 2021

According to the World Payments Report 2018 produced by Capgemini and BNP Paribas, global non-cash transaction volumes grew at 10.1% in 2016 to hit 482.6 billion in value, with China contributing to 25.8% of that growth. When it comes to

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Hong Kong Insurance Authority Authorizes First Virtual Insurer Under Fast Track

The Insurance Authority (IA) announced that it has granted the first authorization of a new insurer owning and operating solely digital distribution channels under the Fast Track, marking a significant milestone of Insurtech development in Hong Kong. “The first virtual

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DBS Launches Blockchain Trade Platform for the Automotive Sector in China

DBS Bank announced that it has partnered with one of China’s largest automotive logistics companies, China Capital Logistic Co. Ltd alongside blockchain provider, Wanxiang Blockchain, to launch an automotive blockchain platform connecting car manufacturers, exporters, logistics carriers and car dealerships.

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New Study Highlights Price Manipulation, Scams and Fraud in Crypto Market

A new report by finance and accounting professor Paul Barnes released in November 2018 explores the cryptocurrency market, highlighting its susceptibility to speculative bubbles, manipulation, scams and fraud. The paper, which was presented at a blockchain and cryptocurrency conference organized

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13 Banks Signs on to Hong Kong’s First Open API Exchange Platform

The banking consortium JETCO announced that 13 banks and popular e-service providers, including OpenRice, Price.com.hk and MoneyHero.com.hk, have signed on to JETCO APIX, Hong Kong’s first open API (application programming interface) exchange platform, that will commence operation in January 2019. This initiative signals that

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WTO: Blockchain Holds Great Opportunities for International Trade But Challenges Remain

Blockchain is perceived by many as the next big game-changer in trade, promising to enhance the efficiency of processes and help trade move closer to becoming paperless. However, the challenges to overcome are equivalent to the opportunities offered by the

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10 Best-Funded Fintech Startups in Japan

Japan has seen strong growth in the fintech ecosystem in these past several years as fintech startups, industry players, regulars and government have collaborated to build a sustainable and scalable environment for innovation. Fintech has been considered one of the

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