Fintech News Hong Kong

WeLab Targets US$100 Million in Net Profit with New Strategic Initiatives

WeLab, a pan-Asian fintech platform, has announced strategic actions to accelerate growth, scale, and profitability in Hong Kong and Southeast

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Ping An Upgrades “Family Doctor” Brand for Comprehensive Health and Disease Management

Ping An Insurance recently announced the upgrade of its “Ping An Family Doctor” brand. The upgraded service features a one-stop,

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Hong Kong’s ECIC Introduces Trade Credit Insurance for Cross-Border E-Commerce

The Hong Kong Export Credit Insurance Corporation (ECIC) has announced the launch of its first trade credit insurance cover based

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Tencent Participates in Project mBridge to Enhance Cross-Border Payment Efficiency

Internet and technology company Tencent is actively participating in the validation of cross-border payment use cases as Project mBridge reaches

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Open Banking Success in South Korea Could Be A Blueprint for The Rest of Asia

Open banking in South Korea is a clear leader among many of its Asian peers. It has successfully implemented a

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Cyberport Launches University Partnership Programme 2024 with Focus on Web3.0

The Cyberport University Partnership Programme (CUPP) 2024, organised by Cyberport Academy and Web3Hub@Cyberport, was officially launched on 15 June. In

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AXA and HK Express Airways Partner to Enhance Travel Insurance Solutions

AXA Hong Kong and Macau (AXA) and HK Express Airways (HK Express) have entered an exclusive insurance partnership, offering tailored

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Tiger Brokers Receives SFC Approval to Extend Crypto Services to Retail Investors

Tiger Brokers (HK) has announced that it has received approval from the Securities and Futures Commission of Hong Kong (SFC)

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Ant Group Expands Digital Inclusion, Serving Over 87 Million SMEs in 2023

Ant Group announced the release of its 2023 Sustainability Report, highlighting substantial progress since the launch of its ESG strategy

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e-HKD Explained: What Does it Mean for Hong Kong

The advent of blockchain technology has catapulted the concept of central bank digital currencies (CBDCs) into the global spotlight, igniting

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Qupital Secures HSBC as Senior Lender in Facility Refinancing

Qupital, a data-driven fintech platform specialising in supply chain financing solutions for e-commerce businesses, has announced a significant development in

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XTransfer and Banking Circle Announce Strategic Partnership

XTransfer, a Chinese B2B cross-border trade payment platform, and Banking Circle, a tech-driven payments bank, have formed a strategic partnership

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5 Promising Japanese Fintech Startups You Haven’t Discovered Yet

The fintech sector in Japan is flourishing, with robust growth in digital payments, buy now, pay later (BNPL) services, digital

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Aspire’s Vision for the Future of SME Finance in Hong Kong

In Hong Kong, a bustling metropolis where small and medium-sized enterprises (SMEs) form the backbone of the economy, the need

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Airwallex Reports Nearly 80% Increase in Hong Kong Customer Base

Airwallex, a global payments and financial platform, has reported a significant increase in its customer base in Hong Kong, with

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Ripple Announces XRPL Japan and Korea Fund to Support Blockchain Innovation

Ripple, an enterprise blockchain and crypto solutions entity, has announced the launch of the XRPL Japan and Korea Fund to

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Insurtech CoverGo Unveils CoverGo Distribution, an AI-Enabled Platform

CoverGo, a Hong Kong-based insurtech and global no-code insurance SaaS platform, has launched CoverGo Distribution, an AI-powered platform designed for

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7 Korea’s Most Promising Fintech Startups That Should Be on Your Watchlist

South Korea’s fintech industry has grown remarkable in recent years, driven by several factors. For one, South Korea boasts a

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Navigating the Complexities of Payments Regulation and Compliance in APAC

One of the most visible drivers in the Asia-Pacific (APAC) economy in 2023 has been the rapid adoption of digital

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SFC Chief Outlines Future of Blockchain in Finance at Greenwich Forum

Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), delivered a keynote address at the Greenwich Economic

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The Sandbox by Animoca Brands Gets US$20M Funding at US$1B Valuation

The Sandbox, a user-generated content (UGC) metaverse platform under Animoca Brands, has announced a US$20 million (HK$156 million) funding round

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Futu Holdings Takes Second Largest Stake in Airstar Bank with HK$440 Million Investment

Futu Holdings Limited has completed an investment of HK$440 million in Gravitation Fintech HK Limited, the parent company of Airstar

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Hong Kong and Netherlands Discuss Sustainable Development and Financial Regulation

The Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, began visiting the Netherlands on June 3.

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Digital Coupon Platform Mezzofy Secures US$2 Million in Pre-Series A Funding

Hong Kong-based digital coupon platform Mezzofy announced on Wednesday the completion of its Pre-Series A funding round, raising US$2 million

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Project mBridge Enters Minimum Viable Product Stage

The Hong Kong Monetary Authority (HKMA), alongside the mBridge project team, has announced that Project mBridge has reached the Minimum

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HashKey Global Trading Volume Increases by 173% Amid Launchpool Success

HashKey Global, a globally licensed digital asset exchange, has reported a significant increase in its trading volume for May 2024.

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Increased Credit Card Usage Among Hong Kong Consumers, Says TransUnion

The latest Industry Insights Report by TransUnion revealed that consumer demand for new credit cards in Hong Kong remained subdued

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KPay Launches Unified Pay-In and Pay-Out Platform for SMEs

KPay, a financial and business management platform, has launched a unified pay-in and pay-out platform for SMEs in Hong Kong.

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Here Are All The Licensed Crypto Exchange Providers and Applicants in Hong Kong

As the dust settles on the 29 February 2024 deadline for Hong Kong crypto exchanges to submit their license applications

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Thales Partners with DBS Taiwan to Bring Bio-Sourced Payment Cards to Asia

DBS Taiwan has partnered with Thales to bring over two million cards to its customers, including more than one million

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