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Competition Heats up for Japan’s Mobile Payments Market

Mobile payments is rapidly becoming a dynamic market in Japan as the government pushes to increase cashless payments to 40% of transactions by 2025 from 20% in 2016. Japan is a highly cash-dependent society with cash in circulation amounting to

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Multi-Currency Travel Cards for China Nationals

With the Chinese New Year (CNY) period fast approaching, outbound travel from China is expected to see strong growth in the Asia Pacific region. In fact, a Hurun report found that 64% of affluent Chinese planned to travel overseas during the CNY

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Hong Kong Now Part of Asia-Pacific Fintech Network for Cross-Country Collaboration

Fintech associations from across the Asia-Pacific region have announced the formation of the Asia-Pacific Fintech Network, which will facilitate greater collaboration throughout the region and encourage innovation across borders. Nine associations got together to formally launch the network at the

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Over 3000 Finance & Business Leaders Took Part in Asian Financial Forum

More than 3,300 financial policymakers, financial elites and business leaders attended the two-day 12th Asian Financial Forum (AFF), which concluded yesterday. Co-organised by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council (HKTDC), the theme

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51% in Hong Kong Willing to Give 3rd Party Access to Their Financial Data

According to a study conducted by Accenture, 51% Hong Kong’s populace are willing to let third-parties access their financial data in order to get more personalised banking services at higher returns. Accenture opines that this underscores some potential for open banking solutions

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Fintech In Japan: How is The World’s 3rd Largest Economy Tackling Fintech?

A global technological leader, Japan has witnessed the emergence of a thriving fintech landscape in the past two years as startups, industry players, regulators and government collaborate to build a favorable environment for innovation. Tokyo in particular is home to

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A Snapshot of Hong Kong’s Emerging Mobile Payments Scene and The Players

70% of Hongkongers said they have never paid for something using their smartphone, revealed a survey conducted by the Hong Kong Productivity Council in 2018. Despite the plethora of mobile payment options popping up in the city, on 23% surveyed

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Top 5 Fintech Startups to Watch in Korea in 2019

South Korea is well-known as one of the most wired countries in the world with good education and a top global economy. First, a quick look at why Korean fintech startups have blossomed and then five startups to watch in

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How China’s Fintech Giants are Tapping into a US$ 600 Billion Market

China’s tech giants Alibaba and Tencent are going after global remittances, a market that sees more than US$600 billion being moved around the world annually, according to the World Bank. The two firms recently launched cross-border money transfer services to

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Korea is Shaping up to Be A Blockchain Hub — Here’s Why

When talking to South Koreans, the word “blockchain” has become a household buzzword. Most people have heard of it via the mainstream local media, especially when there was a massive fervor around bitcoin and cryptocurrencies towards the end of 2017.

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