Tagged: macau

September 13, 2021 @ 9:28 pm By Omar Faridi  |  

China has reportedly introduced the Wealth Management Connect (WMC) along with Hong Kong and Macau in order to conduct cross-border investments in various wealth management products distributed by banking institutions in the region. The Wealth Management Connect trading scheme will be handling 300 billion yuan… Read More

June 27, 2021 @ 10:55 pm By Omar Faridi  |  

Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which allow clients to flip freely between spending via their debit and credit card accounts. Mox… Read More

March 1, 2020 @ 6:10 pm By Omar Faridi  |  

Macau Pass S.A., the developer of a contactless smartcard (previously called Transmac IC Card), first launched the Transmac over 20 years back (in 1999). The card may be used to conveniently pay for bus fares, everyday shopping, and dining with many more retailers expected to… Read More

December 17, 2019 @ 4:47 pm By Cali Haan  |  

Macau businessperson Frederico dos Santos Rosário and his Hong Kong business partner, Dennis Lau, are being prosecuted in Macau for promoting OneCoin, a fraudulent $4 billion USD cryptocurrency scheme started by Bulgarians Ruja and Konstantin Ignatov and pervaded across the world. According to Journal Tribune… Read More

July 17, 2018 @ 12:03 pm By Cali Haan  |  

The South China Morning Post has reported that a digital token offering (ICO) with ties to former Macau gangster “Broken Tooth” Wan Kuok-koi claims to have raised $750 million dollars from investors across South Asia in a mere 5-minute sale. [clickToTweet tweet=”Former Macau gangster “Broken Tooth” Wan… Read More

April 22, 2018 @ 2:41 pm By JD Alois  |  

This past week the Monetary Authority of Macau issued a warning that virtual currency is not legal currency. Stating that “recently, the media reported that companies had virtual currency subscription activities in Macau. The Macau Monetary Authority reminded local residents that virtual currency is a… Read More

December 23, 2017 @ 11:42 am By JD Alois  |  

I must admit, when I first read about Dragon Coin and its initial coin offering (ICO) I was exceptionally skeptical. But then you really need to be careful which ICO you back right now. A healthy dose of skepticism can be what separates an investor… Read More

September 30, 2017 @ 2:00 am By Xu Gao  |  

CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in?  Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More

July 9, 2017 @ 1:48 pm By Timothy Li  |  

After an exhausting flight from LAX to Hong Kong, I was greeted by friendly staff at LendIt China, also known as Lang Di Conference, at one of the busiest airports in the world. The amount of logistics communication from Bo Brustkern, Chairman at Lang Di… Read More

January 27, 2017 @ 8:41 am By Erin Hobey  |  

Joint Electronic Teller Services Limited (JETCO) announced a partnership with 7 Macau banks  to offer dual-currency JETCO Pay P2P mobile fund transfer. The service allows the participating banks’ customers to transfer both Hong Kong dollars (HKD) and Macau Pataca (MOP) to account holders of all local participating banks… Read More