Financial Technology
HK’s card payment market to grow 11% in 2025
HK’s card payment market to grow 11% in 2025
Credit cards accounted for 77.7% of the overall card payment value in 2024.
South African fintechs look to Hong Kong for funding
Tax perks and access to Africa await foreign investors.
InvestHK has helped 59 fintech firms expand in Hong Kong
As of August, it has assisted 59 companies from 12 economies.
HKMA launches Phase 2 of e-HKD pilot programme
Mastercard, Airstar Bank and Kasikornbank will be participating.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
HKMA, Cyberport launch GenA.I. Sandbox for financial sector
This aims to boost AI adoption.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
PwC and Xalts partner to promote tokenization in finance
The deal will allow both parties to leverage on business opportunities in blockchain technology.
‘Less impacted’ AI to lead 2024 IPO trends
Artificial intelligence and emerging economies are expected to energize the IPO landscape amidst a high-interest rate environment and geopolitical...
Hang Seng rolls out brokerage-free stock investment service programme
Customers may trade the first $300,000 or equivalent of Hong Kong Stocks.
Investors must venture on regulated virtual assets platforms amidst JPEX incident: Lee
Lee said licencing protects investors and ensures a good risk control system.
BNPL regulations toughen debt prevention and financial literacy in APAC
The Philippines, Vietnam, and Indonesia are more vulnerable to the risks of credit products, Euromonitor International reported.
Global financial leaders looking to hire more HK talent: Chan
The financial leaders' summit boosted the market's financial status.
Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
9 in 10 Hong Kongers moved away from cash during pandemic: Visa
Payment card usage increased significantly this year, driven by security and convenience.
Hang Seng, HKTDC form one-stop digital solutions platform
InnoClub will provide solutions in three focus areas.
NFT adoption rate to soon hit 21.1%: report
The report said about 10.4% of locals are planning to own NFTs in the future.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong