Posts From Fintech News Hong Kong
Over 45% of Individuals and 76% of SMEs in Hong Kong Have Virtual Bank Accounts
Virtual banks in Hong Kong have gained significant popularity in recent years, with over 45% of individuals and 76% of SMEs surveyed by the Hong Kong Association of Banks (HKAB) having an account. The survey also found that 30% of
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MUFG Launches Debt Fund for Japanese Investors to Lend to Overseas Startups
MUFG’s subsidiaries have established a debt fund framework for Japanese institutional investors to provide loans to overseas startups. The two subsidiaries are MUFG Bank and Mitsubishi UFJ Trust and Banking Corporation (MUTB). Japanese institutional investors will be able to participate
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Kakao-Backer Korea Investment Partners Close US$60M SE Asia-Focused Fund
Korea Investment Partners Southeast Asia (KIPSEA), a Singapore-based venture capital firm, has raised US$60 million for its first fund focused on Southeast Asia, according to TechCrunch. Investors Samsung Life Insurance, Korea Development Bank, Korea Growth Investment Corporation, Woomi Global, Mirana
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HashKey Exchange and Purise Team Up to Offer Compliant Crypto Services
HashKey Exchange, one of the licensed crypto exchanges in Hong Kong, has partnered with Web3.0 data services provider Purise to offer compliant digital asset trading and data analytic services. Under the partnership, HashKey Exchange and Purise will work together on
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Hong Kong Fintech Week 2023: What to Expect and Who to Meet
Hong Kong Fintech Week is returning this year from October 30 to November 05, 2023, promising a bigger than ever conference with exciting announcements, a showcase of Hong Kong’s most exciting fintech innovations and line-up of top experts and decision-makers.
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JETCO and Know Your Customer Streamline KYC/KYB for Hong Kong Financial Sector
Regtech company Know Your Customer has partnered with Joint Electronic Teller Services Limited (JETCO), a bank consortium, to give Hong Kong financial institutions faster access to official company data. This will help banks to streamline their know-your-customer (KYC) and know-your-business
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Thunes and China Construction Bank Partner for Cross-Border Payments
Global cross-border payments infrastructure network Thunes and China Construction Bank (CCB) have announced a partnership to collaborate on cross-border payments. Thunes had recently opened a Beijing office in June 2023. The partnership will enable Thunes to support CCB in offering
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Chinese Payments Firm Fuiou Pay Ties up With Visa Cross-Border Solutions
Shanghai-based global payment company Fuiou Pay has partnered with Visa Cross-Border Solutions to provide its China-based SME exporter clients with a comprehensive, secure cross-border funds collection and settlement solution. The Visa Cross-Border Solutions (VXBS) combines the best of Visa’s homegrown
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SFC and HKMA Update Virtual Asset Policy to Protect Investors
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have updated their policy on virtual asset-related products (VA-related products) for intermediaries. These measures encompass selling restrictions where complex VA-related products will be restricted to professional investors,
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Airwallex Enters Mexico
Hong Kong based Airwallex, announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject to regulatory approvals and customary closing conditions. This
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