Archive

Ant Group Expands Digital Inclusion, Serving Over 87 Million SMEs in 2023

Ant Group announced the release of its 2023 Sustainability Report, highlighting substantial progress since the launch of its ESG strategy in 2022. The report details advancements in four core pillars: Technological Innovation, Digital Inclusion, Green and Low-Carbon Development, and Open

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e-HKD Explained: What Does it Mean for Hong Kong

The advent of blockchain technology has catapulted the concept of central bank digital currencies (CBDCs) into the global spotlight, igniting discussions and research worldwide. Hong Kong is leading the financial revolution with its e-HKD project, managed by the Hong Kong

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Qupital Secures HSBC as Senior Lender in Facility Refinancing

Qupital, a data-driven fintech platform specialising in supply chain financing solutions for e-commerce businesses, has announced a significant development in its financial landscape. The company has successfully refinanced its securitisation facility, with HSBC joining Citigroup as a senior lender, marking

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XTransfer and Banking Circle Announce Strategic Partnership

XTransfer, a Chinese B2B cross-border trade payment platform, and Banking Circle, a tech-driven payments bank, have formed a strategic partnership to reduce the cost and processing time of cross-border payments for XTransfer’s clients, benefiting Chinese suppliers with significant markets in

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5 Promising Japanese Fintech Startups You Haven’t Discovered Yet

The fintech sector in Japan is flourishing, with robust growth in digital payments, buy now, pay later (BNPL) services, digital banking, crowdfunding, insurtech, and regtech. E-commerce ecosystems such as d-Barai, PayPay and Line Pay are quickly expanding, signaling a shift

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Aspire’s Vision for the Future of SME Finance in Hong Kong

In Hong Kong, a bustling metropolis where small and medium-sized enterprises (SMEs) form the backbone of the economy, the need for efficient and integrated financial solutions has never been more pressing. Amidst the city’s macroeconomic challenges and the growing importance

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Airwallex Reports Nearly 80% Increase in Hong Kong Customer Base

Airwallex, a global payments and financial platform, has reported a significant increase in its customer base in Hong Kong, with a 79 percent year-over-year growth in the first quarter of 2024. Reflecting this growth, Airwallex Hong Kong saw a 108

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Ripple Announces XRPL Japan and Korea Fund to Support Blockchain Innovation

Ripple, an enterprise blockchain and crypto solutions entity, has announced the launch of the XRPL Japan and Korea Fund to support innovation on the XRP Ledger (XRPL) in Japan and Korea. The XRPL Japan and Korea Fund will support various

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Insurtech CoverGo Unveils CoverGo Distribution, an AI-Enabled Platform

CoverGo, a Hong Kong-based insurtech and global no-code insurance SaaS platform, has launched CoverGo Distribution, an AI-powered platform designed for omnichannel insurance distribution. CoverGo Distribution’s flexible architecture and advanced technology enable insurers, MGAs, brokers, and other stakeholders to distribute life,

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7 Korea’s Most Promising Fintech Startups That Should Be on Your Watchlist

South Korea’s fintech industry has grown remarkable in recent years, driven by several factors. For one, South Korea boasts a highly developed technological infrastructure with widespread high-speed internet and a high rate of smartphone penetration. This provides a strong foundation

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