Archive

Coinbase Shutters Japan Operations, Users Have Until 16 Feb to Withdraw Assets

Cryptocurrency exchange Coinbase said that it will be shuttering its operations in Japan and its users has until 16 February to withdraw their assets. All customers can withdraw their fiat currency and cryptocurrency holdings to other crypto service providers, Coinbase

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South Korean P2P Lender PeopleFund Raises US$20 Million Led by Bain Capital

South Korean peer-to-peer (P2P) lending platform PeopleFund announced that it has raised an additional US$20 million led by existing investor Bain Capital. The round, which was open only to its existing investors, was joined by Access Ventures, CLSA Capital Partners

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5 Hong Kong Fintech Startups Making Inroads in Web3

It has been a tumultuous couple of years for the bustling fintech scene as well as Web3 startups in Hong Kong. As the world grappled with the fallout of the COVID-19 pandemic, US-China tensions, and Hong Kong itself came to

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livi Launches QR Payments Accepted at Over 29 Million Merchants in China

Hong Kong’s livi bank has launched its QR payment feature for the Mainland market, allowing its customers to make cross-border payments there as well as other popular travel destinations such as Japan, South Korea and Thailand. In mainland China, livi

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The Changing Face of Insurance Distribution in Hong Kong — Can Incumbents Keep Up?

In recent years, especially since 2019, there has been a noticeable shift in Asian consumers buying behaviour towards online channels. This holds true for the insurance industry as well, with customers searching for virtual policies in larger numbers.  In Hong

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How API Solutions Can Unlock Bond Opportunities

Financial regulations and IT changes are creating an environment where businesses must quickly adapt to stay relevant to their clients. Clients expect a secure, seamless, and efficient way of staying connected with the global markets. Companies are increasingly looking to

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ZA Bank Offers Debt Consolidation Plan With 6-Months Payment Deferment

Hong Kong’s virtual bank ZA has rolled out its new debt consolidation programme ‘Debt Changer’ which seeks to make it easier for customers to repay their debts in one go and improve their credit ratings. The new offering will consolidate

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Jack Ma Steps Down From Ant Group: The Inside Story

Jack Ma, the billionaire founder of Alibaba Group, is giving up control of the fintech unit Ant Group after China cracked down on the tech giant. Ma, one of China’s wealthiest men, has agreed to give up his voting rights

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Hong Kong Set to Roll Out Contactless Payments at Toll Booths This Year

Hong Kong’s Transport Department (TD) will be gradually rolling out the HKeToll at all government tolled tunnels this year to replace the manual and automatic toll booths. HKeToll makes use of the Radio Frequency Identification (RFID) technology, with the support

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InvestHK to Aid Indonesian and Singaporean Firms to Set Up in Hong Kong

InvestHK’s Director-General of Investment Promotion Stephen Phillips has embarked on a duty visit to Jakarta, Indonesia as well as Singapore this week. The tour is part of InvestHK‘s latest efforts to promote Hong Kong’s business attractions, including the opportunities arising

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