Tagged: hong kong

May 31, 2023 @ 9:28 pm By Omar Faridi  |  

Rakkar Digital, a Singapore-based company providing digital asset custodian services to institutional and enterprise clients across Southeast Asia and Hong Kong, is pleased to announce the launch of Rakkar Digital Asset Custodian, powered by Fireblocks’ MPC-CMP direct custody technology. The announcement follows “a USD 10… Read More

May 31, 2023 @ 12:24 pm By JD Alois  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) have announced a move to strengthen policy collaboration on financial services, including digital assets. The announcement was revealed during a bilateral meeting in Abu Dhabi earlier this week. According to… Read More

May 31, 2023 @ 10:59 am By Omar Faridi  |  

ZA Bank, Hong Kong’s virtual bank, unveiled its plan to introduce virtual asset trading services for retail investors. With this move, ZA Bank is set “to support the Hong Kong SAR government’s vision to develop a vibrant sector and ecosystem for virtual assets.” ZA Bank’s… Read More

May 22, 2023 @ 9:31 am By JD Alois  |  

BitMEX says it is ready to apply for a virtual asset service provider (VASP) license in Hong Kong. The license is available under Hong Kong’s Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022. BitMEX which has endured several rocky years – most recently firing its… Read More

May 19, 2023 @ 10:58 am By JD Alois  |  

In a speech delivered today, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), announced the pilot program launch of e-HKD or the Hong Kong central bank digital currency (CBDC). According to Yue, 16 companies have been selected to participate in the first… Read More

May 4, 2023 @ 11:17 pm By Omar Faridi  |  

Airwallex, a global fintech platform, is pleased to announce the launch of its Go Global campaign in Hong Kong, “unlocking opportunities for SMEs, ecommerce businesses and start-ups to scale and expand internationally.” Airwallex Hong Kong’s continued growth and development in the market “is evidenced by… Read More

April 11, 2023 @ 4:14 pm By Omar Faridi  |  

Bitget, a crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, “with an initial investment of $100 million.” The fund will “focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting… Read More

March 26, 2023 @ 1:34 pm By Omar Faridi  |  

Checkout.com, the global payments solutions provider, and Mastercard announced that they will make Mastercard Send available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send service – which “powers real-time payments1 for consumers, gig… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 7, 2023 @ 10:17 pm By Omar Faridi  |  

AsiaPay, a provider of digital payment solutions in the Asia Pacific, has launched Visa Instalments in Hong Kong and will further extend to Southeast Asia to provide merchants more flexible payment options and enhance the purchase experience of consumers. Leading a new trend in credit… Read More

February 27, 2023 @ 9:42 am By JD Alois  |  

Hong Kong-based Shanghai Commercial Bank (ShaComBank) has enlisted Salt Edge to help power its open banking services, including PSD2 options, according to a blog post. ShaComBank currently has more than 50 branches in both Hong Kong and mainland China, as well as the United States… Read More

February 21, 2023 @ 10:55 pm By Omar Faridi  |  

The Securities and Futures Commission (SFC) launched a consultation on the proposed requirements “for operators of virtual asset trading platforms.” Under a new licensing regime to take effect on 1 June 2023, all centralized virtual asset trading platforms “carrying on business in Hong Kong or… Read More

February 13, 2023 @ 11:10 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) and the Financial Affairs Office of Nanjing Municipal People’s Government (Nanjing FAO) signed a Memorandum of Understanding (MOU) “to strengthen cooperation, and in particular support Nanjing-based companies that are interested in seeking a listing in Hong Kong.” Under… Read More

February 2, 2023 @ 9:32 pm By JD Alois  |  

ZA Bank Limited, one of the first regulated digital banks in Hong Kong, has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director. According to the bank, Iu joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer… Read More

February 1, 2023 @ 10:33 pm By Omar Faridi  |  

livi bank, Hong Kong’s “lifestyle-driven” virtual bank, is continuing its development with the pilot launch of its wealth management service, which “follows closely on livi’s launch of its first offering to Hong Kong’s SME business community.” livi is now able “to distribute funds managed by… Read More

January 29, 2023 @ 6:32 pm By Omar Faridi  |  

The Hong Kong credit and charge card payments market is set “to grow at a compound annual growth rate (CAGR) of 3.9% between 2022–2026 to reach HKD 831.9 billion ($106.7 billion) in 2026, driven by a significant shift in consumer preferences towards non-cash payment methods… Read More

January 19, 2023 @ 7:57 am By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, launched the Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR “for selected Tesla owners and staff from selected organizations across Hong Kong.” Eligible customers will also “enjoy bonus offer including free supercharging1,… Read More

January 18, 2023 @ 4:42 pm By JD Alois  |  

“Fueled a high-tech axis of cryptocrime.” The US Department of Justice (DOJ) has announced the arrest of Anatoly Legkodymov, 40, a Russian national who resides in Shenzhen, China, as the founder and operator of Bitzlato, a crypto exchange the feds have alleged to have processed… Read More

January 11, 2023 @ 10:10 am By JD Alois  |  

Windsor First and Currencycloud have announced a partnership on cross-border payments. Windsor First is a Hong Kong-based Fintech that aims to provide dedicated digital payment and remittance solutions for eCommerce and business. Currencycloud is a technology provider for payments and transfers that has processed more… Read More

January 9, 2023 @ 8:31 am By Omar Faridi  |  

Alipay+, a provider of global cross-border digital payment and marketing solutions, is striving to provide cash-free and mobile-friendly travel experiences for Asian tourists in the Chinese mainland “as it seeks to partner with more merchants and enable greater QR code connectivity.” Starting from January 8,… Read More