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The Hong Kong Monetary Authority (HKMA) has revealed a new wholesale central bank digital currency (wCBDC) project.
tokenization, CBDC, digital assets, cryptocurrency
Financial services company Chipper Cash has partnered with Visa in order to optimise financial inclusion and overall development across the African continent.
partnership, financial inclusion, banking, financial services, financial institutions, online banking, digital payments, mobile banking
Visa has completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) pilot programme with HSBC and Hang Seng Bank.
CBDC, digital assets, banks, payment processing, ERP
Hong Kong-based Hang Seng Bank has launched a new online payment service, Pay with Hang Seng, and invited price.com.hk to become its first online merchant.
product launch, ecommerce, online payments, digital payments, digital banking, ecommerce platform, online banking
Hong Kong, Hang Seng Bank, Haro, WhatsApp, digital banking, financial, WhatsApp, retail, bank, ATM, credit cards, mortgages, loans
Regulators in Hong Kong, Singapore and China have announced working with ANZ Banking Group to digitise trade finance through blockchain technology.
ANZ, Hong Kong, Singapore, China, ANZ Banking Group, eTradeConnect, trade finance platform, blockchain, blockchain trade finance platform, Australia, APAC, eTradeConnect platform
Hong Kong-based Hang Seng Bank has announced that it has completed a pilot trade transaction using the eTradeConnect platform.
Hang Seng Bank, eTradeConnect, Hong Kong, Asia, trade finance, trade finance platform, blockchain, distributed ledger technology, Clover Group International Limited, Regina Miracle International Limited
The Bank of East Asia has started offering trade finance services via eTradeConnect, a multi-bank platform powered by blockchain technology.
Bank of East Asia, eTradeConnect, Hong Kong, trade finance, blockchain platform, multi-bank platform
Ping An Insurance Company has delivered Hong Kong’s first blockchain-based international trade finance platform.
Ping An, Hong Kong, blockchain, trade finance, eTradeConnect
US based banking group Citi has announced the launch its smart chatbot in Hong Kong by the end of 2018, using Facebook Messenger.
Citi, Facebook Messenger, Hong Kong, banking group, smart chatbot, bank account balance
Hang Seng Bank has planned to expand the use of fintech to mobile banking services, also mulling the idea of incorporating facial recognition.
Hang Seng Bank, fintech, mobile banking, biometrics, facial recognition, Hong Kong
Deloitte, the Hong Kong Monetary Authority (HKMA), and large trade finance banks in Hong Kong have teamed up to developed a distributed ledger technology (DLT) proof of concept for trade finance.
Deloitte, Hong Kong Monetary Authority, HKMA, Hong Kong, Asia, trade finance, DLT, blockchain, banking
Android Pay has launched in Hong Kong to enable Mastercard cardholders and Android device users to make easily and securely purchases on-the-go.
MasterCard, Android Pay, mobile payments, NFC, contactless, Hong Kong, credit card, cards, Token
Following its launch in France, Apple Pay is now live in Hong Kong, as well. The service is supported with Visa, MasterCard, and American Express.
Apple Pay, Hong Kong, digital wallet, mobile payments, Asia
Chinese and Hong Kongese securities regulators have reached an agreement on the first batch of funds that can be sold through a cross-border sales scheme, after an initial planning in June, 2015.
China, Hong Kong, regulators, cross border, trade, sales scheme, online sales, ecommerce, consumers, Customers
Hong Kong Telecommunications (HKT) has launched an NFC payment service based on MasterCard PayPass allowing both mobile payment and money transfer.
HKT, NFC, mobile payments, Hong Kong, payment, money transfer, MasterCard, PayPass, CSL, 1O1O, Tap & Go, SIM, peer-to-peer, P2P, transfers, PayBuddy