Virtual Banking
livi Launches QR Payments Accepted at Over 29 Million Merchants in China
Hong Kong’s livi bank has launched its QR payment feature for the Mainland market, allowing its customers to make cross-border payments there as well as other popular travel destinations such as Japan, South Korea and Thailand. In mainland China, livi
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ZA Bank Rolls Out Short-Term Savings Insurance Available From HKD10,000
Hong Kong’s virtual bank ZA announced that it has rolled out another short-term savings insurance plan starting from HKD 10,000 (approximately US$ 1,280) through the app in just 3 minutes. The ‘ZA Savings Insurance 4’ is denominated in Hong Kong
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Korean Super App Toss Valued at US$7 Billion With Latest Series G Fundraise
Toss, a South Korean super app operated by fintech startup Viva Republica, announced that it has raised a US$405 million Series G funding round and is now valued at US$$7 billion, according to a report by TechCrunch. This is the
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livi bank Partners With FWD to Roll Out In-App Home Insurance Offering
Hong Kong’s livi bank has partnered with FWD General Insurance to launche a home insurance offering that is available through its app at an annual premium of HK$4202. Application for the Easy HomeCare offering is fully digital and can be completed
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ZA Bank Pilots Sandbox for Express Online Account Opening for SMEs
Hong Kong’s virtual bank ZA announced that it has launched its sandbox trial of ZA Dash, an express online business account opening service, to address the pain points of local small and medium-sized enterprises (SMEs). This service is offered by
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Fusion Bank Secures License From SFC to Expand Into Wealth Management
Fusion Bank announced that it has been granted licensing from the Hong Kong Securities and Futures Commission (SFC) to offer digital wealth advisory services. The bank secured Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, allowing
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Hong Kong’s Rapid Digital Adoption Drives Demand for Better Mobile Banking UX
Mobile banking is growing in popularity in Asia, with a new study showing the region is home to some of the world’s best banking experiences on mobile devices, such as in Hong Kong and Singapore. The study, conducted by Sia
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Taiwan’s Digital Banks Will Struggle to Turn a Profit, Says Consulting Firm
Despite showing potential to address market needs and foster innovation in the banking sector, Taiwan’s new digital banks still have a long road ahead to reach profitability amid a saturated retail banking market and limitations in the services they are
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livi Bank Rolls Out In-App Travel Insurance Offering
Hong Kong’s digital bank livi bank announced the launch of its travel insurance offering, first general insurance product, in time for the relaxation of the quarantine rules in the country. The ‘Travel Now’ plan covers medical expenses, trip cancellations and
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WeLab and Astra Finalises 99% Stake Acquisition in Indonesia’s Bank Jasa Jakarta
Hong Kong digital bank WeLab and Indonesian conglomerate Astra International have completed their acquisition of commercial bank Bank Jasa Jakarta (BJJ) after receiving regulatory approval. The acquisition was led by WeLab-led consortium’s WeLab Sky which is backed by investors such
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