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Hong Kong’s Neat Ties up With Sequoia-Backed Snowflake for Enhanced Data...
Neat, a Hong Kong-based financial technology startup, announced its partnership with Snowflake, a cloud data platform. Under the new partnership, Neat will utilise Snowflake’s cloud data platform to...
View ArticleAmerican Express Launched its First Prepaid Card in Hong Kong with 33 Finance
Hong Kong-based 33 Finance, which provides international prepaid card issuance services, has partnered with American Express to launch the 33 Finance American Express® Prepaid Card in Hong Kong. As...
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Rapyd Expands Payment Capabilities to South Korea
Rapyd, a Fintech-as-a-Service company, has expanded its all-in-one payment capabilities in South Korea, its sixth global market. The expansion of the Rapyd Global Payments Network first took place in...
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Digital Payment Startup Statrys Raises US$5 Million in Closed-Door Funding Round
Statrys, a Hong Kong-based digital payment services platform, has raised US$5 million in a closed-door funding round with an angel investor in the region. Statrys is a payments solution alternative...
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Digital Wallets to Become Preferred Payment Method in Hong Kong by 2023
In Asia-Pacific (APAC), digital wallets are gradually booming in popularity. By 2023, these apps and digital platforms are expected to become the preferred payment method for consumers in Hong Kong and...
View ArticleHKMA Calls for Improved Mobile Payment Security, Deadline Set for May 31
The Hong Kong Monetary Authority (HKMA) has issued new requirements for authorised institutions (AIs) to enhance security controls when binding payment cards to contactless mobile payment services,...
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The Opportunities and Challenges Facing E-Wallets in Hong Kong
Since their inception in 2016, Stored Value Facilities (SVFs) have rapidly expanded, with the market now served by an intriguing mix of thirteen non-bank licensees, plus four traditional banks that...
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Ant Group Partners with Huawei to Develop Alipay App on HarmonyOS Platform
Ant Group, the fintech affiliate of Alibaba Group Holding, and Shenzhen-based Huawei Technologies are embarking on a collaborative venture to develop a dedicated version of Ant’s flagship mobile...
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China’s Ant Group Increases Transaction Limits for Overseas Travelers
Ant Group, in response to new policies by the People’s Bank of China (PBOC) aimed at facilitating international visits, has announced an increase in transaction limits for international travelers using...
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How PayMe by HSBC is Shaping Digital Payment Usage in Hong Kong
The rise of digital payment solutions has significantly transformed Hong Kong’s financial landscape, with consumers increasingly adopting mobile wallets and other digital payment options in their daily...
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