Posts From Fintech News Hong Kong

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 habits of Chinese travelers for the third consecutive year. Surveying 4,837 Chinese travelers and 547 overseas merchants, the report finds

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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 will definitely do so, according to a study by Visa. The Future of Commerce: Consumer Payment Attitudes Study by Visa

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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 Authority (HKMA) beginning issuing stored value facilities (SVF) licenses in 2016 and virtual banking licenses in March 2019. Over the

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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 that aims to bring together the global financial and technology community, to envision the future of a world that’s more

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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 the territory now exceeding 600. Hong Kong fintech company have raised US$1.1 billion over the past five years, and the

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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 AsiaWorld-Expo in Hong Kong and in Shenzhen. InvestHK also outlined some of its activities and programmes planned for the months

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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 to majority of bank account holders — this is thanks to a partnership between Western Union, Du Xiaoman Financial and

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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 they will collaborate on developing new products and technologies. The two companies will form a joint project team in areas

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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, a large pool of investors and acceleration programs, and a supportive government that has committed to establishing a favorable environment

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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 has exceeded 800 billion RMB in 2019, an increase of 160% year-on-year and a clear demonstration of the platform’s tremendous

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