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Due to its rich history, enviable cultural mixture, and stunning sights, Hong Kong has been labeled The City of Dreams. With such a reputation, this metropolis attracts people from around the globe. With nothing but a knapsack on their back and a head full of expectations, expats settle in one o...Read More
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Due to its unique geopolitical position and independence, Hong Kong managed to become Asia’s and international greatest business hub. It is renewed for its low tolerance for corruption, high-quality legal framework, and strong support for the law. As such, it provides a fertile soil for en...Read More
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Last month, the Hong Kong Monetary Authority (HKMA) officially launched their "fast speed" service called Faster Payment System. FPS is is a real-time gross settlement payment system that connects 21 banks, but also 10 electronic payment and digital wallet operators. Via FPS, users can...Read More
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Statistics released by the Hong Kong Monetary Authority indicate that the number of card transactions increased heavily. Although the total number of debit cards in circulation cannot be calculated due to debit card brands overlapping in one card, the total number of transactions increased by al...Read More
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Thanks to the modern technology, the consumers are given with more payment options other than traditional payment methods like cash or credit card. Nowadays, the consumers can make payments with their wearables/accessories, such as watch.To use wearable accessories to make payment, the users can...Read More
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In modern days, payment solution is no longer limited to completion of transaction. Solution providers combine different value-added services with their payment technology to innovate various new forms of “paytech” solutions. The most obvious benefit to businesses is that they can...Read More
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The UK Mobile Banking Revolut officially launched in Hong Kong, making local financial and payment industry paying more attention on the development of mobile banking in Hong Kong. In recent years, because of the relaxation of foreign financial regulators on application proce...Read More