Tag "Ant Bank"
Deep Diving into The Virtual Banking Scene in Hong Kong
Imagine a world where you can access all your banking needs at your fingertips without ever having to step into a physical branch. That’s the promise of virtual banks in Hong Kong – a new breed of digital-only financial institutions
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Ant Group Considers Selling Its Stake in Digital Bank Subsidiary
Chinese fintech giant Ant Group is mulling the sale of its stake in its Hong Kong-based virtual bank, according to Bloomberg, citing people familiar with the matter. The report added that the plans are still in preliminary stages as Ant
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Year in Review: Hong Kong’s Top 5 Most Important Fintech Stories In 2022
Hong Kong’s emergence as a fintech hub is no secret as the city has long been at the forefront of adopting new technologies and developing innovative financial products and services. In recent years, Hong Kong has seen a surge in fintech
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AlipayHK Launches BNPL Payment Option With Ant Bank PayLater
Ant Bank and AlipayHK have announced the launch of Ant Bank PayLater on AlipayHK’s e-wallet ahead of the Double 11 and Christmas shopping sprees. The buy now pay later (BNPL) service, which is currently in its trial period, allows approved
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Ant Group Launches its Virtual Bank Ahead of Its IPO
Ant Bank, part of Ant Group, has officially launched to offer banking services to Hong Kong citizens. Ant Bank was one of the 8 recipients of the virtual banking license by the Hong Kong Monetary Authority (HKMA), this launch makes
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Hong Kong’s Eight Virtual Banks: The Progress So Far
The Hong Kong Monetary Authority (HKMA) granted eight virtual banking licenses in the first half of 2019, and at the time, the regulator and the operators expected services to commence within the next six to nine months. Now more than
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