Covid19
Millennials Most Targeted Group by Hong Kong Digital Fraudsters
The quarterly analysis of online fraud trends in Hong Kong by TransUnion found the percentage of suspected fraudulent digital transactions originating in Hong Kong fell by 10% despite a 5% rise globally for the same period. In this quarter, TransUnion
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In Japan, COVID-19 Puts a Brake on Merchant Cashless Payments Adoption
The COVID-19 pandemic and the resulting economic turmoil have put a brake on merchant adoption of cashless payments, according to a new report by S&P Global Market Intelligence. The Japanese government launched a cashless incentive program last year to sustain
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Fintech Funding Hitting Record Lows Amid COVID-19 Crisis
The COVID-19 outbreak has taken a toll on startup funding with fintech investment dropping to levels not seen since 2016 and 2017, according to CB Insights’ State of Fintech Q1’20 Report. Q1’20 VC-backed fintech activity declined to US$6.1 billion across
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3 Things You Should Know About Hong Kong’s SME Export Marketing Fund
With businesses scrambling to recoup their losses due to the recent pandemic, digital e-commerce wasn’t left unscathed. Hong Kong’s small and medium-sized enterprises (SME), which rely on online marketing, mobile money, and government resources to sell products internationally, have had
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Lending Activity Decreases and Loan Defaults on The Rise in Hong Kong Amid COVID-19
The newly-released TransUnion Q1 2020 Industry Insights Report shows that COVID-19 has severely amplified the impact of the 2019 Hong Kong recession, and started to shape the consumer credit market in a number of distinct ways. With economic conditions worsening
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