Fintech News Hong Kong

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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WeLab Digital Bank Unit in Indonesia Reached A Million Customers

Bank Saqu, the Indonesian digital bank developed through a strategic partnership between WeLab and Astra Financial, has achieved a milestone

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Singapore OCBC Group Announces HK$1.5 billion Investment in Hong Kong and Macau

OCBC Group, a banking institution in Southeast Asia, has announced a significant investment of HK$1.5 billion (US$192 million) to enhance

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Ant Group and Mastercard Launch International Consumer Friendly Zones in Shanghai

Ant Group and Mastercard, along with 12 overseas payment partners of Alipay+ and other major international card organisations, have launched

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ByBit Affliate Spark Fintech Limited Withdraws Crypto Application

Spark Fintech Limited, a subsidiary of the crypto exchange Bybit, has withdrawn its application to the Securities and Futures Commission

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DBS Group Holdings Increases Private Banking Team in Hong Kong by 25%

DBS Group Holdings is hiring additional private bankers in Hong Kong as the bank continues to attract significant funds from

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SFC Reminds Virtual Asset Trading Platforms of Licensing Deadline

The Securities and Futures Commission (SFC) reminds the public that the non-contravention period for virtual asset trading platforms (VATPs) operating

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Currencycloud and Pyvio Partner to Improve Cross-Border Payments for Chinese E-Commerce

Currencycloud, known for simplifying multi-currency business operations, and Pyvio, a Hong Kong-based fintech building financial services infrastructure, have announced a

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XTransfer and TerraPay Partner to Enhance Cross-Border Payment Solutions for SMEs

XTransfer, a B2B cross-border trade payment platform in China, has partnered strategically with TerraPay, a global money movement company. This

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