Financial Services
Bank transfers, digital wallets spur e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Bank transfers, digital wallets spur e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Standard Chartered and HKTDC roll out market survey
The survey will look into business sentiment across the Greater Bay Area.
Insurtech OneDegree upgrades pet insurance
Enrollment age limit for pets has been raised to 11 years old.
Manulife Hong Kong pilots virtual sales platform
Products will be available to customers starting 15 June.
Hong Kong virtual bank Airstar launches services to the public
The bank offers savings, time deposit, and personal loan products.
HSBC rebuked by US state secretary for backing China security law
The lender, along with Standard Chartered, has already been chided in Britain.
Mad dash for offshore accounts amidst security law
HSBC and Standard Chartered have seen high surges in enquiries.
HKMA, banking industry launch job programme
It offers 300 roles for students graduating in 2020 with a bachelor’s degree.
UnionPay, Bank of Communications remove cross-network ATM withdrawal fees
The exemption also covers customers in Macau.
Local finance firms lead in AI but regulations hinder growth
58% of financial firms in the city will utilise AI next year.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
PayPal pilots QR codes for in-person transactions
They are waiving seller transaction fees until 10 August.
COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
HSBC Life pilots new health insurance plan
It also combines business talent retention with wealth growth. HSBC Life has launched a new whole-of-life insurance plan for its commercial clients...
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
Bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Less than 20% ‘understand' fintech apps: survey
The majority of Hong Kong use such apps for personal finance.
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