Archive
Local Fintech Startup to Fuel Global Ambition with US$1.6 Million from Vectr Ventures
gini, a Hong Kong-based smart spending-tracker announced that it has completed its seed round with a $1.6 million investment from both international institutions and Hong Kong-based Vectr Ventures, the early stage fintech venture capital firm. The co-founders, CEO Raymond Wyand
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Hong Kong Gets its First HKD Backed Stablecoin
Bitspark, a cryptocurrency money transfer platform, has launched Sparkdex.HKD. The company claims that is the world’s first market-ready cryptocurrency pegged to the Hong Kong Dollar (HKD). “Until now, US Dollar stablecoins have dominated the market but there are other national
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11 Upcoming Fintech Events in Hong Kong and Shenzhen in 2019
Fintech continues its momentum in Asia. In the first half of 2018, fintech companies in the region raised US$16.8 billion in funding with China and India dominating the top 10 deals, and blockchain and artificial intelligence (AI) remaining key priority
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Fintech Accelerators and Incubators in Taiwan, Japan and South Korea
In the past years, Asia Pacific has seen strong growth in its fintech ecosystem, rapidly catching up with the US and Europe. In Japan, Tokyo has witnessed the development of a vibrant fintech network and regulators have recently launched fintech-friendly
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Hong Kong: 79% Don’t Know True Cost of International Money Transfers
79% of Hong Kongers don’t understand the true cost of international money transfers, a recent survey has found. Of those interviewed, only 21% of respondents were able to correctly identify the full cost of sending money abroad – which involves
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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
Read MoreMulti-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
Read MoreHong 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
Read More51% 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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