PYMNTS

SEPTEMBER 19, 2018

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS) comes into effect. Other businesses linked to the service include Citibank , Standard Chartered , Bank of China Hong Kong and 16 other FIs.

Payments 151

Payments System Marketing Report 151

PYMNTS

FEBRUARY 26, 2019

In the meantime, our initial presence in Japan shows our commitment to serving Hongkongers as they travel around the world,” said Jennifer Tan, CEO of AlipayHK. The company plans to build a payment system from the ground up using mobile phones, which would get rid of the need to buy tickets or to refill a current subway pass.

Payments 198

Payments Regional Mobile Retail 198

PYMNTS

APRIL 22, 2020

According to David Rosa, co-founder and CEO of Hong Kong-based Neat , this is true even for SMBs that use a bank with branches throughout the world. This is a challenge for many small firms in Hong Kong, a global trading hub where international ties are critical to business success. ” Exploring Alternatives.

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PYMNTS

NOVEMBER 24, 2019

In addition to its new solution, the company signed a partnership with Chinese wholesale online marketplace, Buy-World, which connects Chinese suppliers with 2.3 The partnership will enable Buy-World to transition to a full-service online model, and outsource its global payment management to CurrencyFair.

Community 167

Community Online Payments Management 167

PYMNTS

OCTOBER 28, 2020

billion on the Shanghai and Hong Kong stock exchanges, according to multiple reports. In Hong Kong, for example, about $198 million could potentially be collected in underwriter fees, according to a filing, per the WSJ. Morgan Chase, Morgan Stanley and China International Capital Corp led the Hong Kong share sale.

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PYMNTS

NOVEMBER 20, 2019

In the world’s biggest IPO so far this year, Chinese eCommerce giant Alibaba is set to raise up to $12.9 billion in a landmark public listing in Hong Kong, Reuters reported Tuesday (Nov. This deal marks the largest share sale in Hong Kong in nine years and a world record for a cross-border secondary share sale.

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New York Groups Retail Data 100

Bank Innovation

NOVEMBER 8, 2017

Hong Kong-based mobile lender, WeLab announced that it raised $220 million in a Series B funding round today. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation. This latest round of funding brings WeLab’s total to $425 million.

Mobile 150

Mobile Lending Capital Online 150

PYMNTS

DECEMBER 3, 2020

CardUp Eases Supplier Card Acceptance With Hong Kong Launch. Hong Kong businesses now have a way to pay suppliers around the world using credit cards – even if the payees don’t normally accept them – via a new solution from CardUp.

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Lending Cards Tools Capital 150

PYMNTS

DECEMBER 12, 2018

Welcome to The Axis, your late look at payments news from around the world. In addition, United Kingdom -based Zeux plans to list a digital token to its wallet that can be used for mobile payments, and Bank of China Hong Kong is enabling Hong Kong consumers to top off their eWallets without needing a mainland China bank account.

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PYMNTS

DECEMBER 17, 2020

In today’s top payments news around the world, British FinTech GoCardless has landed $95 million in a Series F funding round, while Australian buy now, pay later (BNPL) firm Openpay has officially launched in the U.S. Plus, WeDoctor is said to be still getting ready for a large public offering (IPO) in Hong Kong.

Fintech 142

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PYMNTS

FEBRUARY 8, 2018

7) said Ripple announced a partnership with LianLian International, a Hong Kong-based, cross-border payments company, that plans to use Ripple’s xCurrent enterprise blockchain tool to process real-time payments coming into China. Reports in Blockchain News on Wednesday (Feb.

blockchain 194

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PYMNTS

NOVEMBER 3, 2020

The news comes as during Hong Kong FinTech Week, FinTech firms have certain "key advantages" over traditional banks when it comes to building out a client base and cutting down on risk. Bloomberg to Incorporate Credit Risk Data.

Arizona 307

Arizona Payments Risk Management Fintech 307

PYMNTS

NOVEMBER 17, 2020

At Shopify, we believe in a world of borderless commerce and are focused on helping our merchants build thriving businesses — not just within their own markets, but on a truly international scale,” said Kaz Nejatian , vice president, merchant services at Shopify. In China, this would include the upcoming Dec.

Payments 326

Payments Regulation Marketing Company 326

PYMNTS

APRIL 8, 2020

Hong Kong-based finance startup Neat has closed a Series A funding round and come away with $11 million, according to a press release. The company plans to invest more in customer support, expand its customer base in Southeast Asia, and add more regulatory licenses around the world.

Fintech 237

Fintech Cards Software Tools 237

PYMNTS

DECEMBER 11, 2018

Online food delivery startup Deliveroo has opened a physical restaurant in Hong Kong, according to a CNBC report. The food market concept extends the company’s Editions program, a concept that has actual kitchens hosting 100 participating restaurants in shared spaces all over the world.

Operations 115

Operations Online US Marketing 115

PYMNTS

MARCH 8, 2018

The world is quickly embracing faster payments technologies as more jurisdictions implement the technology required to accelerate transactions. Next in line is Hong Kong, which plans to roll out its own faster payments scheme later this year.

Guidelines 108

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PYMNTS

DECEMBER 27, 2020

The regulations will mean that Ant, one of the most valuable startups in the world, will have to rein in its inroads into lucrative areas of business. The IPO, which would have been listed on both the Hong Kong and Shanghai markets and was set to raise $34 billion, would have been the biggest in the world up to that point.

Groups 225

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PYMNTS

JANUARY 14, 2019

Apple said it is bringing its Siri-enabled wireless smart speaker HomePod to China and Hong Kong this week, on Jan. We’re excited to bring HomePod to our customers in mainland China and Hong Kong markets. The HomePod will retail for ¥2,799 ($414) in China and $2,799 ($357) in Hong Kong.

Apple 134

Apple United States Google Marketing 134

PYMNTS

JUNE 6, 2018

The move to give a digital leg up to cross-border crossings will focus initially on travelers moving between Hong Kong and China. Identity documents would be tied to the app, and Hong Kong and Chinese citizens would be identified through face scans and digital codes.

Mobile 100

Mobile Data Cards Company 100

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,

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PYMNTS

JULY 26, 2020

Earlier this year, UPI launched a pilot program in Singapore and held talks with the Bank for International Settlements, the World Bank and the Bill & Melinda Gates Foundation to explore possible collaborations, Dilip Asbe , CEO of NPCI told FT. Transaction volume of the platform soared to a record 1.34 The country has diverse needs.

Payments 309

Payments Mobile Analysis Google 309

PYMNTS

OCTOBER 26, 2020

Ant, which is backed by Alibaba, plans to list on both the Hong Kong market and on Shanghai's STAR Market in the next few weeks. He called the system established in the post-World War II world “outdated and too risk-averse,” Reuters writes, and critiqued the “old man's club” of the Basel Committee on Banking Supervision.

Groups 213

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PYMNTS

AUGUST 16, 2020

The plan will come with a large number of cities in which to test the currency, including Beijing and the provinces Tianjin and Hebei in the north, the Yangtze River Delta to the south, and the Guangdong province and the neighboring cities of Hong Kong and Macau along the country’s prosperous southern coast, WSJ reported.

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California Bitcoin cryptocurrency Meeting 335

PYMNTS

NOVEMBER 13, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The Western Union Company ’s tie-up with Hong Kong’s HKT Payment Limited for money transfers.

Payments 139

Payments Customer Experience Report System 139

PYMNTS

AUGUST 14, 2020

Ant Group indicated in July that it had begun the procedure for a dual listing in Shanghai on STAR Market and in Hong Kong. The firm runs online payment service Alipay that was introduced in 2004 and has reportedly grown into the biggest payment and lifestyle platform in the world.

Groups 262

Groups Security Report Regulation 262

PYMNTS

NOVEMBER 27, 2020

The company secured the funding from Hong Kong-based EmergeVest, reports said, while other angel investors also participated. With $4 million in new funding , Sleek will continue to help small businesses in Singapore and Hong Kong launch and operate their startups.

Fintech 176

Fintech Capital Operations Analytics 176

PYMNTS

NOVEMBER 6, 2018

Around The Faster Payments World. What Hong Kong’s New Faster Payment System Brings. Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish. Even as the U.S.

System 134

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PYMNTS

DECEMBER 17, 2019

T he International Recruitment Integrity System Self-Assessment for Ethical Recruitment (IRIS-SAFER) tool is being created for use by representatives from 1,500 migrant domestic recruitment agencies based in Hong Kong, in addition to associated agencies in worker-sending nations. Hong Kong has nearly 390,000 migrant domestic workers.

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PYMNTS

AUGUST 6, 2019

The funding, which was led by credit reporting giant Experian, gives the Hong Kong-based CompareAsiaGroup access to its cloud-based credit scoring and risk assessment platform. My view is that over time, we’ll see our capabilities and CompareAsiaGroup really improving the experience of customers while they are borrowing.”. “My

Fintech 108

Fintech Groups Software Tools 108

PYMNTS

JULY 15, 2016

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we travel to Hong Kong to explore the fast-growing tech ecosystem and see why, despite its potential, it still seems to be a tech center underdog. Before we jump into the post, here are a few quick facts about Hong Kong and its tech scene: .

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Taxes Fintech Marketing Regional 100

PYMNTS

AUGUST 10, 2018

Hong Kong, by comparison, saw $596.8 Singapore overtook Hong Kong in FinTech funding in 2016. In that year, Singapore pulled ahead of Hong Kong with $310.5 million in funding compared to Hong Kong’s $191.2 million compared to Hong Kong’s $70.8 million compared to Hong Kong’s $70.8

Fintech 107

Fintech Marketing Comparison Innovation 107

PYMNTS

MAY 14, 2020

To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. As it stands, EMQ is licensed in Singapore, Indonesia, and Hong Kong, while it is registered in Canada as a Money Service Business.

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System Payments America Security 255

Chris Skinner

FEBRUARY 8, 2017

It’s a research program where people can answer the survey questionnaire and, from those participating, the different cities of the world vying to be financial hubs are ranked. No China, although Hong Kong would be it. So much for Brexit. Why is it even worth you bothering to read this?

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San Francisco Chicago DC New York 150

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

MAY 9, 2019

Welcome to The Axis, your late look at payments news from around the world. cash deposit platform developer Flagstone took in £11m in funding, and another four firms have reportedly received banking licenses from the Hong Kong Monetary Authority (HKMA) in Asia. In addition, U.K. are said to encompass the new license owners.

Capital 108

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PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If In 2018, the crypto world was seen to be of marginal importance to the global financial system.

blockchain 102

blockchain Bitcoin Regulation New York 102

PYMNTS

MAY 22, 2020

The need for world-class eCommerce services has never been greater,” said Mohammed al Zarooni, director general of DAFZA, as per a CNN report on Friday (May 22). The Hong Kong architect P&T Group designed the project. The pandemic accelerated its progress, the developers said. The proposed 2.1

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