Posts From Fintech News Hong Kong

Ping An Completes Initial Close of US$200 Million Fintech & Healthtech Venture Fund

Ping An Insurance announced the initial close of Ping An Voyager Partners, LP, a growth stage venture fund, having secured approximately US$200 million in commitments toward its planned US$475 million offering. Targeted at institutional investors, Voyager Partners will make investments

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Airwallex Granted E-Money License to Expand Footprint to the Netherlands

Airwallex announced that it has secured its Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB) on 30 April 2021 which gives it access to the European single market. This latest approval adds to Airwallex’s existing licenses in

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HKUST Inks Deal With Tencent Finance Academy to Nurture Fintech Talent

The Hong Kong University of Science and Technology (HKUST) signed a Memorandum of Understanding (MoU) with the Tencent Finance Academy (TFAHK) to nurture fintech talent. Leveraging HKUST’s academic foundation in fintech and Tencent’s practical industry experience, the MoU aims to

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Livi Bank Hops on the BNPL Bandwagon With the Launch of Livi PayLater

livi bank, one of Hong Kong’s eight virtual banks, has introduced a new Buy Now, Pay Later (BNPL) solution with the launch of livi PayLater that offers an instant instalment service with a virtual Mastercard debit card. The livi PayLater

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Robo Advisor AQUMON Unveils Bitcoin Investment Solution

Robo-advisor AQUMON has introduced SmartGlobalX, a smart bitcoin ETF investment portfolio that integrating its flagship SmartGlobal algorithms with a Bitcoin Exchange Traded Fund (ETF), to allow clients to invest in securitised cryptocurrency assets from US$ 1,000 onwards. AQUMON said that

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ZA Bank Kicks off Its Insurtech Offering With New Pure Life Insurance Product

Hong Kong’s virtual bank ZA Bank has joined hands with ZA Insure, a fully digital insurer under the ZA brand, to offer pure life insurance “ZA Life Protection” via the former’s mobile app. ZA Bank was granted an Insurance Agency

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Payoneer Ties up With eBay for E-Commerce Deal in China

Payoneer, the global payment and commerce-enabling platform, announced that it is collaborating with eBay to manage payouts for sellers in select countries including China on the latter’s core marketplace. eBay has teamed up with Payoneer to modernise its marketplace, remove

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Wise Enables Funds Transfer via Faster Payments System Using Mobile Numbers

Remittance firm Wise, formerly known as TransferWise, has rolled out the feature enabling Hong Kongers to receive funds from abroad with just their mobile number via the Faster Payments System (FPS). With this latest feature, recipients can share their name

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Ping An Named the World’s Most Valuable Insurance Brand Fifth Year in a Row

Ping An Insurance was named the world’s most valuable insurance brand in the Insurance 2021 100 Ranking, a spot in which they have retained for the fifth year in a row. Brand Finance, a brand valuation consultancy valued the Ping

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Ant Group’s Digital Bank Doubles Down on Financial Inclusion in Rural China

MYbank, an online private commercial bank in China and an associate of Ant Group with a focus on serving rural areas and small and micro enterprises (SMEs), announced that it plans to more than double the number of rural counties

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