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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
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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
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Consumers will soon have more payments option for their MTR rides beyond just Octopus cards. Fresh out of their earlier announcement to enable Alipay by 2020, MTR awarded contracts to 3 more players, namely TNG Wallet, Union Pay and WeChat
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Seeing the popularity of WeChat Pay and Alipay in China, it is easy for some to assume that these mobile payment apps are equally popular in Hong Kong. Unlike China, Hong Kong is still largely a very cash dominant society.
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TNG FinTech Group, the operator of TNG Wallet, announced today the completion of its Series A round of funding, raising US$115 million at a post-transaction valuation of US$565 million. The transaction sets the record for the biggest-ever funding in a
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Mobile payment is a major source of financial innovation which is gaining traction rapidly around the world. China is the number 1 market with US$67.7 billion transaction followed by the United States at US$24.9 billion and the United Kingdom at
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Hong Kong’s long-established financial center, burgeoning startup scene and developed business center connecting Mainland China with global markets, have made the location one of the world’s top fintech hubs in world. Deloitte has ranked Hong Kong as the fifth leading
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The startups will undergo a 12-week mentorship programme led by senior financial executives in a series of workshops at the Hong Kong-based tech business park Cyberport to commercialise their products. 8 leading financial technology (fintech) companies today begin a 12-week mentorship
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