Posts From Fintech News Hong Kong

The First 3 Recipients of HKMA’s Virtual Banking License Have Been Announced

The Hong Kong Monetary Authority (HKMA) announced today that three companies have been granted virtual banking licences: Livi VB, SC Digital, and ZhongAn Virtual Finance. As rumoured in our previous report, some of the companies granted licenses are joint ventures that include

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Airwallex Joins Hong Kong’s Fintech Unicorn Club

Airwallex, a cross border payment company announced today that they have closed Series C fund raising at $US 100 million. The round brings Airwallex’s total capital raised to over US$200 million.  With that Airwallex is now valued at over $US

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QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China

While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face. In Shenzhen, a local subway operator is testing several advanced technologies powered by the

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TNG Wallet Partners Visa For Prepaid Solutions in Southeast Asia

TNG Fintech Group has just teamed up with Visa to launch TNG Wallet-integrated solutions into six markets across Asia. The goal of this move is to capitalise on areas with growing digital wallet traction. They officially revealed their partnership during

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The First Startup in Taiwan’s Fintech Sandbox is Now in Bed With Visa

Just in January, EMQ was named the first fintech startup to be accepted into Taiwan’s Regulatory Sandbox to provide a more convenient and lower cost remittance service for migrant workers sending money home to Vietnam, Indonesia and the Philippines. Now,

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5 Things South Korea’s Regulator is Doing to Advance Fintech

2019 promises to be an exciting year for fintech in South Korea as the country’s financial regulator pushes for fintech innovation by taking on a series of ambitious initiatives. It is already home to some promising fintech startups and vibrant

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Neat Reveals One Key Problem With HKMA’s Virtual Banking License and Why They Won’t Bother

The Hong Kong Monetary Authority (HKMA)’s decision to set up the virtual license is often seen as a strategic move, if a tad overdue. Reportedly, the regulator saw over 29 applications, which rumour has it, includes companies like Ant Financial,

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7 Upcoming Fintech, Digital Finance, Blockchain Events in China- 2019

China continues to lead the fintech revolution, and unsurprisingly, be a preferred location for fintech and blockchain-focused events in the region. The following events are some of the top upcoming fintech, digital finance and blockchain conferences to take place in

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Chinese Fintech Unicorn Tiger Broker Seeks US$ 91 Million in IPO

Tiger Broker who recently joined the illustrious list of chinese fintech unicorns late 2018 has announced its plans to raise up to US$ 91 Million an IPO on NASDAQ , according to prospectus filed with US Securities and Exchange Commission.

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A Snapshot of Fintech Unicorns in Asia

In 2018, Asia made a run at the US as the top market for fintech deals with a surge in early-stage and mega-round investments. The region recorded the biggest boost in fintech deals, raising US$22.65 billion across 516 deals, including

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