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In 2015, Scott Thiel, Partner at DLA Piper said that “[...] the increasing adoption of alternative payment solutions demonstrate how Hong Kong’s high mobile penetration and connectivity is providing an ideal FinTech consumer base.” And the last year’s statistics suppor...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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Smartphones have become our go-to devices for almost everything. Whether we want to communicate, take a photo, read the news, or check some information online - the solution is right there, in our pocket. These devices have taken the world by the storm: the number of smartphone users is estimate...Read More