Tag "Ping An OneConnect"

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 Financial, Tencent, and Xiaomi Are Among HK’s New 4 Virtual Banking Licensees

The Hong Kong Monetary Authority (HKMA) issued virtual banking rights to 4 more companies: Ant SME Services (Hong Kong) , Infinium, Insight Fintech HK, and Ping An OneConnect. According to their business plans, these four newly licenced virtual banks intend

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