Archive
HSBC Appoints Brad Jones to Spearhead Its E-Wallet PayMe
HSBC announced the appointment of Brad Jones as the new Head of PayMe, its mobile wallet in Hong Kong with 3 million users and a network of nearly 55,000 online and physical merchants. In his new role, Jones will be
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Fintech Reaches Mainstream Adoption in Hong Kong with 94% Penetration
In Hong Kong, fintech is reaching mainstream adoption among consumers. Digital payments are becoming the norm in people’s daily lives, virtual banking and wealthtech are gaining rapid traction, and virtual assets are emerging as a legitimate new asset class that
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Bank of Korea, Samsung to Research Use of CBDCs for Offline Payments
The South Korean central bank has reportedly partnered with tech giant Samsung Electronics to research Central Bank Digital Currencies (CBDCs) for offline payments. According to local media The Korea Herald, the Bank of Korea (BOK) and Samsung has signed a
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London Stock Exchange: A Gateway to Global Markets for APAC Fintechs
In recent years, the Asia-Pacific (APAC) region has been at the forefront of the FinTech revolution, with many innovative companies disrupting traditional financial services. For APAC FinTech founders and their investors, the decision to raise capital through an initial public
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The Sandbox Taps Hex Trust to Enable Secure Custody of Metaverse Assets
Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, has partnered with The Sandbox, a decentralised gaming virtual world, to enable fully-licensed and highly-secure custody of assets such as LAND in the metaverse. Hex Trust has fully
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Macau Pass Officially Approved to Provide Acquiring Services to Alipay+
The Macau Pass has been officially approved to provide acquiring services to Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group. This means that in addition to Alipay, AlipayHK, WeChat Pay, Simple Pay and other e-wallets
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Broadridge: Financial Firms to Increase Next-Gen Tech Investment in the Next 2 Years
Digital transformation has become the most important strategic initiative for many financial services firms, with innovative technologies underpinning core business strategies. The third-annual Broadridge Digital Transformation and Next-Gen Tech study surveyed 500 C-level executives and direct reports across the buy- and sell-sides
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Airwallex Launches in Israel, Appoints Ex-Googler to Lead Operations
Cross border payments firm Airwallex has officially launched its operations in Tel Aviv, Israel as the first step of its Middle East expansion plans and appointed Or Liban as its Head of Israel and the Middle East. The company already
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Japan’s SMBC, Incubate Fund Set up US$200 Million Fintech Fund in Singapore
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and early-stage venture capital firm Incubate Fund has co-founded the US$200 million “SMBC Asia Rising Fund” in Singapore. Since its inception in 2010, the Japan-based Incubate Fund has invested more than JPY 98.3 billion
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iFAST Wealth Advisers Awards 2023 Celebrates the Best in the Financial Industry
The iFAST Financial Hong Kong had organised its annual awards ceremony and cocktail event in The Upper House at Admiralty Hong Kong on 4th May 2023 to recognise outstanding advisors and companies in the past year. Since its launch in
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