Search Results for ""
China’s Top 10 Fintech Startups and Companies
China continues to be the world’s undisputed fintech leader, with about 600 deals completed in 2018 and a fintech adoption rate of 69%, the highest in the world, according to EY’s 2017 Financial Technology Adoption Index. Out of the world’s
Read More
QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China
While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face. In Shenzhen, a local subway operator is testing several advanced technologies powered by the
Read MoreTNG Wallet Partners Visa For Prepaid Solutions in Southeast Asia
TNG Fintech Group has just teamed up with Visa to launch TNG Wallet-integrated solutions into six markets across Asia. The goal of this move is to capitalise on areas with growing digital wallet traction. They officially revealed their partnership during
Read More
How China is Quietly Shaping Asia’s Fintech
When one considers China’s influence on the rest of Asia, it is often seen as a benchmark; how China’s dramatic move into a cashless society has financially emboldened more of its populace, created more financial inclusivity for the underserved thus
Read More
HKMA is Rumoured to be Granting Virtual Banking Licenses to China’s Fintech Giants
Since its announcement in early 2018, HKMA’s virtual banking license has attracted strong interest from the industry to seek regulatory approval to operate a virtual bank. It is reported that within a short time frame the regulator saw over 29
Read More
Top 10 Fintechs in South Korea
South Korea’s fintech industry remains small compared to the likes of China or Singapore but the sector is expected to grow significantly in the years to come supported by the government’s commitment to boost development and establish a favorable environment
Read More
8 Trends Shaping the Future of Retail Banking in Asia
Retail banking, also known as consumer banking, is on the cusp of a new era of amazing growth and opportunities. Asia will reach over US$900 billion in retail banking revenue by 2020, growing at about 14% per year, according to
Read More
Apple Pay Emerges as Preferred Mobile Wallet in Hong Kong: Study
Apple Pay have emerged as the most popular mobile wallet in Hong Kong with about 29% of residents saying it was their main mobile wallet, according to the 2018 Hong Kong Retail Banking Satisfaction Study by JD Power, a global
Read More
Competition Heats up for Japan’s Mobile Payments Market
Mobile payments is rapidly becoming a dynamic market in Japan as the government pushes to increase cashless payments to 40% of transactions by 2025 from 20% in 2016. Japan is a highly cash-dependent society with cash in circulation amounting to
Read More
A Snapshot of Hong Kong’s Emerging Mobile Payments Scene and The Players
70% of Hongkongers said they have never paid for something using their smartphone, revealed a survey conducted by the Hong Kong Productivity Council in 2018. Despite the plethora of mobile payment options popping up in the city, on 23% surveyed
Read More