Posts From Fintech News Hong Kong

Airwallex Launches US$200 Million VC Fund to Back Startups in Its Network

Airwallex, a cross border payment company, announced plans to establish a new venture capital fund set up by its founders named Capital 49 that will invest into early stage, high-growth technology-enabled companies powered by its infrastructure. The new fund aims

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Mox Bank Takes a Slice of the BNPL Pie With Its Latest Offering ‘Split’

Virtual bank Mox has launched a new Buy Now, Pay Later (BNPL) feature on Mox Credit called ‘Split purchase’. Mox Credit customers can split eligible transactions of HKD400 or more into equal monthly instalments, ranging from 3 to 36 months.

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China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value

Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new data from the

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APAC Wealth Firms Not Keeping Pace With Digital Transformation Are Destined to Fail

Refinitiv released the findings of its Wealth Management report titled “The Gold Standard of Wealth Management: Redefining investor experiences in Asia-Pacific”. The firm recently surveyed over 500 investors in Asia-Pacific to understand how their trading activities, data needs and digital

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Fintech as a Catalyst for Hong Kong’s Green Finance Ambitions

In Hong Kong, fintech will play a key role in creating a more environmentally-friendly financial system and help the city reach its green finance ambitions, experts told Fintech News Hong Kong. Technology and sustainability are quickly emerging as two key

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Digital Insurer Blue Launches WeMedi Top Up to Subsidise Existing Outpatient Plans

Hong Kong’s digital life insurer Blue announced the launch of its WeMedi Top Up (Outpatient) Protector, a top up outpatient plan in the digital life insurance market to subsidise existing outpatient plans to help customers alleviate the financial burden of

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Cyberport’s Fund Invested a Total of HK$14.87 Million Into Four of Its Startups

Hong Kong digital tech park Cyberport has invested a total of HK$14.87 million (US$1.92 million) in four of the startups in its network including Lynk, Rice Robotics, Dash Living and Hex Trust over the past six months through its Cyberport

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Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity

Nomu Pay, a Finch Capital funded company, has completed two transactions to acquire Wirecard‘s payment entities in Hong Kong and Malaysia. The firm also announced the appointment of Peter Burridge as Group Chief Executive Officer, to be based in Singapore.

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Crypto.com To Develop Exclusive NFTs In Partnership With Formula 1

Formula 1 has announced Crypto.com, a cryptocurrency payment and exchange platform, as the Global and Inaugural Partner for its 2021 Sprint series. The Sprint series will kick-off at Silverstone, UK on July 17, ahead of the 2021 Pirelli British Grand

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Growing Demand for Regtech Solutions as HK Financial Institutions Navigate Concerns Around Rapid Digitalisation

Technological advances, business innovation, global competition and a major regulatory push have led to a shift in focus by Hong Kong financial institutions towards managing the complexities of change with financial regulation. According to The State of Regtech in APAC

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