Discover all the payments and fintech-related news and analysis about Hong Kong in The Paypers News, Reports, along with other Hong Kong-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about Hong Kong in The Paypers News, Reports, along with other
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The Hong Kong Monetary Authority (HKMA) has announced its plans to amend the guidelines on virtual banks and rename them to digital banks.
digital banking, mobile banking, online banking, fintech, financial services
US-based digital payments provider Checkout.com has announced a strategic agreement with Octopus to provide the latter’s services as an online payment method for merchants.
partnership, online payments, PSP, mobile payments, digital payments, merchant, ecommerce
Worldline has announced its partnership with BOCHK to launch an open platform card solution for customers and clients in the region of Hong Kong.
partnership, card scheme, banking, financial services
HSBC has decided to roll out a financing plan worth HKD 5 billion (USD 641 million) aimed at helping small and medium-sized enterprises (SMEs) in Hong Kong.
banks, SME lending, financial institutions, credit access
The HKMA and Cyberport have begun accepting applications for the Generative Artificial Intelligence (Gen AI) Sandbox, initially announced in August 2024.
artificial intelligence, partnership, digital assets, cryptocurrency
Hong Kong officials have announced their plans to further improve digital asset regulation in the region in the upcoming 18 months by developing a comprehensive regulatory framework.
stablecoin, digital assets, cryptocurrency, regulation, fintech
Hong Kong-based virtual bank Mox Bank, a subsidiary of Standard Chartered, has launched spot Bitcoin and Ether ETF trading to customers.
cryptocurrency, Bitcoin, Ethereum, trading platform, product launch
Hong Kong-based Proxyrack has announced its partnership with Lithuanian-based regtech iDenfy in order to onboard new customers and users with accuracy and speed in mind.
partnership, fraud management, fraud detection, online fraud, fraud prevention, identity fraud
The Hong Kong Police has detained four individuals in connection with a scheme involving counterfeit banknotes used to defraud cryptocurrency investors.
cryptocurrency, digital assets, fraud prevention, scam
The Monetary Authority has imposed penalty actions on WeChat Pay Hong Kong for breaching the Payment Systems and Stored Value Facilities Ordinance.
fraud detection, fraud management, monetary authority, AML, fraud prevention
The Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble sandbox, focused on exploring real-world asset tokenisation and interbank settlement using wCBDC.
digital currency, wholesale CBDC, CBDC, banks, tokenization
The Hong Kong Monetary Authority and Digital Policy Office have established a CDI-CDEG linkage to augment data sharing for SMEs and boost the digital economy.
digitalisation, banking, SMEs, data sharing, financial data
Binance has partnered with the Macau Judiciary Police to tackle the increasing risk of online scams, especially those aimed at cryptocurrency users.
fraud management, cryptocurrency, fraud prevention, partnership, online scams
Hong Kong-based payment solutions provider BBMSL has partnered with PayMe by HSBC allow the former’s merchants to offer PayMe as a payment option to customers.
digital payments, merchant, SMEs, payment methods, checkout optimisation
RC365 has announced its acquisition of a Money Lenders Licence, as the new certificate will advance the strategy of expanding into the virtual banking market.
acquisition, payments , online payments, mobile banking, digital payments, ecommerce, compliance
The FSTB and the Hong Kong Monetary Authority have announced the consultation results on a legislative proposal for regulating stablecoin issuers in Hong Kong.
stablecoin, regulation, regulatory sandbox, cryptocurrency
The Hong Kong Monetary Authority (HKMA) has fined the local arm of DBS Bank USD 1.3 million for non-compliance with anti-money laundering law.
money laundering, regulation, compliance, banking, CFT
China-based online lender WeBank has gotten regulatory approval from the mainland to set up a fintech subsidiary in Hong Kong as it looks to expand beyond its home market.
fintech, lending, online banking, expansion, startup
US-based paytech company InComm Payments has announced it is offering gift cards for Roblox, an online game platform, at online and physical retailers in Hong Kong.
gift card , product launch, paytech, POS, payment methods
RD Technologies has explored the possibility of launching the HKDR Stablecoin, which is a stablecoin pegged to the Hong Kong dollar.
cryptocurrency, stablecoin, web3, partnership