Financial Services

HKMA keeps base rate at 5.75%

It said that the high interest rate environment could persist for some time.
3 days ago

HKMA keeps base rate at 5.75%

It said that the high interest rate environment could persist for some time.
3 days ago

Paragon Capital appoints Arthur Fong as CEO, Faye Ng as COO

The appointees bring over 30 and 15 years of finance experience, respectively.
4 days ago

Existing credit card usage up, new card interest down

Credit card enquiries decreased by 8% YoY in Q1 2024.

Mezzofy secures $2M investment for digital coupon innovation

The funding round was led by Isola Capital’s IPVF VII.

Outdated financial methods cost SMEs $160,000 annually

To help solve the issue, KPay launched a unified pay-in/pay-out platform for SMEs.

KPay’s unified payment solutions platform propels SME growth

After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.

Hong Kongers pay most for ATM withdrawals in Thailand

Thailand has a 2.53% ATM withdrawal fee rate.

97% of consumers prefer traditional banks for top-of-wallet credit card: report

However, most respondents said they opt for other lenders for additional credit products.

Hong Kong's card payments market poised for 12.2% growth in 2024

The local card payments market will be worth $1.3t by year-end.

Nearly 9 in 10 use mobile wallets for payments in HK: study

This is expected to increase amidst efforts to push for electronic payment.

Gov’t orders Worldcoin to halt operations over data privacy violation

Authorities said the collection of face and iris images were excessive.

HKMA and PBoC extend e-CNY pilot to Hong Kong residents

E-CNY wallet users can top up their wallets through 17 partner banks.

HTX platform withdraws HK licence application for second time

The company should leave Hong Kong within three months. 

Short-term loans gain popularity in Hong Kong

Organic user traffic on a platform's urgent loan pages rose 36.7% over two years.

Govt to raise protection limit of Deposit Protection Scheme

The protection limit will be increased by $300,000.

Govt to launch eMPF platform in June

The platform will reduce admin costs.

HK extends grant scheme to boost OFCs and REITs

The extended scheme will start accepting applications from 10 May.