Articles with tag: hong kong

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China's virtual Yuan DCEP System to be released in Hong Kong

14 Aug 2020 | Online & Mobile Banking

China’s virtual yuan (CBDC), also referred to as digital currency electronic payment (DCEP) has been announced for testing in Hong Kong’s Greater Bay Area in August 2020.

China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system

WeLab Bank launches virtual bank services

03 Aug 2020 | Online & Mobile Banking

WeLab Bank has launched of virtual banking services, making it the third virtual bank in Hong Kong to do this.

WeLab Bank, banks, banking, virtual banking, virtual banks, Hong Kong, banking licence, Hong Kong Monetary Authority, HKMA, fintech, Fintech Supervisory Sandbox, debit cards, cards, payments, Faster Payment System, numberless card, Mastercard

Diginex launches crypto exchange in Singapore

31 Jul 2020 | Cryptocurrencies

Hong Kong-based Diginex has launched a cryptocurrency exchange in Singapore, where it currently operates under a ‘temporary exemption’ from licensing. 

Diginex, cryptocurrency, crypto exchange, Singapore, temporary exemption, license, Hong Kong, Nasdaq, EQUOS.io, crypto trading, spot trading, blockchain, Payment Services Act, 8i Enterprises Acquisition, Major Payment Institution

Hong Kong-based Emq gets USD 20 mln to develop cross border financial tech

28 Jul 2020 | Payments General

EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, has raised a USD 20 million Series B led by WI Harper Group.

cross border remittances, Hong Kong, API, international payments, funding, remittances, online banks digital wallets, ecommerce

Airwallex teams up with Deutsche Bank

28 Jul 2020 | Online Payments

Deutsche Bank has partnered with fintech Airwallex to provide virtual account collections in Japan and API-enabled foreign exchange (forex) services in Hong Kong. 

Airwallex, Deutsche Bank, banks, payments, partnership, fintech, Japan, API, exchange, Hong Kong, startup, Germany, cross-border payments, payments, merchants, technology

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

Ant Group plans IPO in Shanghai, Hong Kong

21 Jul 2020 | Online Payments

Ant Group has announced plans for an initial public stock offering (IPO) that could become the world’s biggest since the COVID-19 pandemic began.

Ant Group, IPO, Shanghai, Hong Kong, fundraising round, Shanghai Stock Exchange, Hong Kong Stock Exchange, online payments, private credit rating system, Sesame Credit, Alipay, Taobao, ecommerce

Visa launches contactless payments on public transport in 500 cities

20 Jul 2020 | Mobile Payments

Visa has rolled out contactless payment capabilities for public transportation in over 500 cities to support the rising demand for safer ways to travel.

Visa, launch, contactless payments, public transport, cards, Cubic Transportation Systems, London, Miami, New York, Sydney, Vancouver, tap-to-pay, Brussels, Bratislava, Bucharest, Hong Kong, Santo Domingo, Turin, COVID-19, Europe, US, contactless card, mobile wallet, fingerprint security

COVID-19 makes ecommerce even more preferred among shoppers in Hong Kong

20 Jul 2020 | Ecommerce

Data and analytics company GlobalData has revealed that Hong Kong-based consumers shift to ecommerce more and more.

GlobalData, COVID-19, ecommerce, online shoppers, Hong Kong, POS terminals, ecommerce payments, AlipayHK, WeChat Pay, PayPal, HKTVmall, Visa, eCommerce Starter Package, Boutir, micro merchants, credit cards

Hong Kong Open Banking initiative backed by HSBC

17 Jul 2020 | Payments General

Hong Kong Science and Technology Parks Corporation (HKSTP) have teamed up with HSBC to create a programme called API EcoBooster to help drive smart banking innovation in Hong Kong.

Hong Kong Science, Technology Parks Corporation, HKSTP, open APIs, banking, fintech, sandbox, API EcoBooster

Standard Chartered joins IBOS Association

08 Jul 2020 | E-invoicing, SCF & E-procurement

Standard Chartered has joined IBOS Association (IBOS), an international banking network. 

Standard Chartered, banking, network, IBOS, Asia, Africa, Middle East, Europe, US, banks, Singapore, India, China, Hong Kong, Taiwan, Malaysia, Australasia

Adyen expands acquiring capabilities to Malaysia

06 Jul 2020 | Online Payments

Netherlands-based payments platform Adyen has announced the expansion of its acquiring capabilities to include Malaysia.

Adyen, ecommerce, Malaysia, payment platform, Fave, foodpanda, Love, Bonito, APAC, Australia, Hong Kong, Singapore, local regulations, payment schemes, payment methods, merchants, unified commerce experiences, payment gateway, risk management

BIS Innovation Hub to expand to new locations in Europe and North America

01 Jul 2020 | Payments General

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

Neutral Air Partner enables digital payments through PayCargo partnership

26 Jun 2020 | Online Payments

Hong Kong-based logistics platform Neutral Air Partner has announced its members will be able to access and pay for airfreight digitally, after teaming with with online payment platform PayCargo.

NAP, Neutral Air Partner, PayCargo, payments, online payments, payments settlement, Hong Kong, Asia, APAC

PayPal launches QR code contactless payments In Canada, with zero transaction fees

26 Jun 2020 | Mobile Payments

PayPal has rolled out QR code payments in Canada, enabling contactless mobile payments through the PayPal app. 

PayPal, Canada, contactless payments, mobile payments, QR code, transaction fees, merchants, coronavirus, Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, Spain, United Kingdom, United States.

Railsbank partners with Hong Kong fintech Statrys

24 Jun 2020 | Online & Mobile Banking

Railsbank, the global open banking platform, has gained Hong Kong fintech Statrys as a customer. 

Railsbank, Hong Kong, fintech, Statrys, SMEs

HSBC launches digital account sign-up process for SMEs in Hong Kong

22 Jun 2020 | Digital Identity, Security & Online Fraud

HSBC has launched a digital account opening system in Hong Kong for small and medium-sized (SME) businesses.

HSBC, Hong Kong, digital account, SME, remote account opening, mobile account opening service, retail, small businesses, branch, bank account number, mobile app, facial recognition, identity, authentication, artificial intelligence, machine learning

HKEX to launch sustainable finance exchange Stage

22 Jun 2020 | Payments General

Hong Kong Exchanges and Clearing Limited (HKEX) has made plans to release a new sustainable exchange called Stage.

HKEX, Stage, sustainable finance exchange, Hong Kong, sustainable investment, ESG, sustainable funds, green bonds, impact investing, microfinance

JD.com raises almost USD 4 bln in its Hong Kong Stock Exchange debut

18 Jun 2020 | Ecommerce

China-based ecommerce player JD.com has raised almost USD 4 billion after making its Hong Kong Stock Exchange debut.

JD.com, Hong Kong Stock Exchange, US, fake transactions, shares, American stock exchanges, ecommerce

ByteDance to apply for Singapore banking licence

15 Jun 2020 | Online & Mobile Banking

China-based ByteDance, an internet technology company, has announced it is going to expand its services into banking by joining forces with Singapore’s Lee family.

ByteDance, partnership, Lee, Singapore, banking, banking licence, internet, technology, digital bank, OCBC Bank, Monetary Authority of Singapore, Alibaba, Ant Financial, Xiaomi, Hong Kong, China