Fintech News Hong Kong

PayPal Expands Further into China with UnionPay Partnership

UnionPay International and PayPal, today announced a global partnership where both companies will work together to accelerate the growth of

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Hong Kong and Thai Regulators Unveils Pilot Results on Central Bank Backed Digital Currency

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced the outcomes of and publish a report

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South East Asia Ranked Most Popular for Mobile Payments for Chinese Tourist

Nielsen and Alipay have jointly released a new report on the latest trends in Chinese outbound tourism and the consumption

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One In Two Hong Kongers Are Open To Try Virtual Banks

One in two Hong Kongers are likely to open an account with a virtual bank with a tenth saying they

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An Overview of Digital Wallets in Hong Kong in 2020

Hong Kong has been pushing for greater development and adoption of digital and mobile payments with the Hong Kong Monetary

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Ant Financial to Host Major Fintech Conference in Shanghai

Ant Financial best known for its payments platform Alipay, today announced the launch of the INCLUSION Fintech Conference, an event

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Top 9 Upcoming Fintech Events in Hong Kong in 2020

Despite political unrest, the Hong Kong startup ecosystem has continued to grow with the number of fintech companies based in

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Hong Kong Fintech Week 2020 to Return in November

InvestHK today announced that its fifth annual Hong Kong Fintech Week will take place from November 2 to 6 at

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Western Union to Enable Money Transfers to 150M Du Xiaoman Financial App Users in China

Western Union customers will now be able to have their money transfers to China accounts be paid out in real-time

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Ping An Technology and Intel Sets up Innovation Lab

Ping An’s announced a collaboration between its technology arm Ping An Technology and Intel to establish a joint laboratory where

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A Review of Hong Kong’s Fintech Developments in 2019

Hong Kong, one of the world’s leading international financial centers, has a burgeoning fintech ecosystem with more than 600 companies,

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WeChat’s Mini Programs Exceeded 800 Billion RMB Total Transaction Value

Tencent’s WeChat team today celebrated WeChat Mini Programs’ 3rd Anniversary by revealing that total transaction value generated on Mini Programs

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Hong Kong Institute of Bankers Welcomes 6 Virtual Banks as Its Latest Member

The Hong Kong Insititute of Bankers announced that that six virtual banks in Hong Kong have recently joined the Institute

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Taiwan to Launch Contactless Payment on Airport Metro Line

Taoyuan Metro company will launch contactless payment via bank cards on January 16, 2020 to serve passengers travelling to and

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Top 50 Most Influential Projects of the Last 50 Years

Alibaba’s Singles Day, M-Pesa, Alexa, the Belt and Road Initiative, Bitcoin and E-Estonia are amongst the most impactful projects of

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ZA Bank First to Soft Launch Virtual Banking Service Despite Unrest in Hong Kong

Ever since the Hong Kong Monetary Authority (HKMA) dished out 8 virtual banking licenses much of Asia and perhaps even the

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Why China Leads the World in Blockchain Development and Adoption

Blockchain has become a national priority for China both in the public and private sector. This is further accelerated thanks

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UN Migration Agency Uses Blockchain to Prevent Domestic Helper Exploitation in HK

Blockchain solution provider Diginex and the Internationa Organisation for Migration announced the launch of a blockchain based tool developed to

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Ant Financial and US-Based Vanguard to Offer Investment Advisory for Retail Consumers

Vanguard, the $5.9 trillion U.S.-based asset manager, and Ant Financial Services Group, Alibaba’s fintech arm, announced a partnership to bring

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The Greater Bay Area is Home to 43 Unicorns Valued at a Combined US$1.1 Trillion

The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is home to 43 unicorns valued at a combined US$1.1 trillion. These unicorn

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WeLab Raises US$ 156 Million — Gearing up To Launch WeLab Bank by 2020

WeLab, one of the 8 companies granted license from the HKMA to operate a virtual bank announced today that it

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gini’s Study Reveals That 80% of Bankers in Asia Sees Themselves as Open API Losers

gini, the Hong Kong based data-driven banking solutions provider reveals a recent survey on Open APIs readiness among Asian fintech

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South Korea Lays Out 24 Key Focus to Scale up Fintech

The FSC announced measures to promote fintech scale-ups on December 4, which includes 24 key tasks in 8 different policy

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China’s P2P Lending Sector Is Coming to an End

Every peer-to-peer (P2P) lending platforms in China must become small loan providers within two years, according to an official notice

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Hang Seng Bank To Enable Cardless Withdrawals at 600 ATMs in Hong Kong

Soon you’ll only need your mobile phone to withdraw from one of Hang Seng Bank’s 600 ATM machines in Hong

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KPMG Launches Blockchain Platform, KPMG Origins

KPMG in China, Australia and Japan today launched KPMG Origins, a blockchain-based “track and trace” platform to support industries including

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Q3 Fintech Funding Tops US$8.9B Driven by Mega-Rounds

Fintech funding topped US$8.9 billion in Q3’2019, driven by 19 mega-rounds of US$100 million+. This brings the total amount raised

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In Hong Kong, DBS Customers Can Open Their Wealth Account Using Only Their Smartphone

DBS Hong Kong has launched the first fully virtual wealth management account opening solution, allowing new customers to set up a

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After Hong Kong, Ant Financial is Now Eyeing Virtual Banking License in Singapore

Fresh off securing virtual banking license in Hong Kong, Ant Financial confirms that they are actively looking into pursuing virtual

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Deloitte Names Hong Kong’s Fastest-Growing and Most Promising Tech Companies

Deloitte has announced its selection of this year’s winners of the Hong Kong Technology Fast and Rising Star Program, which

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Fintech Top Articles

Meet Hong Kong’s 8 New Virtual Banks

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients, in three separate announcements

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Fintech Map Japan

Japan has the world’s third-largest economy and has always been associated with the high technological developments. As the country looks

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Fintech in Hong Kong 2017 Startup and Ecosystem Report and Infographic

With over a hundred fintech ventures and more than 35 investors and accelerator programs, Hong Kong’s fintech ecosystem is growing

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Top 12 Fintech Startups in Hong Kong

Hong Kong’s long-established financial center, burgeoning startup scene and developed business center connecting Mainland China with global markets, have made

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Top 50 Digital Only Banks Ranking 2017

The Financial IT magazine unveiled the Digital Only Bank Ranking in their latest special magazine for Sibos & Money 20/20. They

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Regtech in Asia: an Overview

Regtech, or regulatory technology, is perceived as one of the hottest trends in the financial services industry for its potential

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Crowdfunding Fails To Take Off In Hong Kong

In recent years, crowdfunding has emerged as a popular way for individuals, startups and businesses to raise funding from a

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PayPal Becomes First Foreign Payments Firm to Enter China Through Acquisition of GoPay

American online money transfer firm PayPal recently secured approval from the People’s Bank of China to purchase a stake in

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The Case for Robo-Advisory and Digital Wealth

An April 2017 Burnmark report rexplored the tie-up between digital wealth and robo-advisory within the FinTech industry. With retail investors

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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding

Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong

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Research Paper Examines the Impact of China’s New Regulatory Regime for P2P Lenders

China, the undisputed fintech leader, has seen its online lending market grow rapidly since the late 2000s, fueled by the high

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Daneel, The Future Of Financial Smart Assistance In The Cryptocurrency Space

Blockchain is an innovative tool capable of permanently transforming our societies as well as the relationships between individuals, organizations and

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