Tag: Hong Kong
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Mastercard partners with Octopus to improve travel payments in Hong Kong
Mastercard has announced a new partnership with Octopus, Hong Kong’s leading payment service provider, to enhance the travel payment experience in the city. With this collaboration, Mastercard users will now be able to use their existing Mastercard cards to pay for public transportation in Hong Kong, including buses, trams, ferries, and the MTR subway system.…
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Alchemy Pay adds new BINs for Hong Kong virtual crypto cards
Alchemy Pay adds new BINs for Hong Kong virtual crypto cards Hong Kong, April 15th, 2023 Alchemy Pay, a leading global crypto payment gateway, has announced the addition of several new Bank Identification Numbers (BINs) to its platform, exclusively for users in Hong Kong. These BINs will enhance the functionality and convenience of virtual crypto…
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Hong Kong allocated USD 25.6 bln for fintech and AI
Hong Kong Allocated USD 25.6 Billion for Fintech and AI Hong Kong, being a global financial hub, has recently made a significant move towards strengthening its position in the fintech and artificial intelligence (AI) sectors. The government has announced a staggering budget allocation of USD 25.6 billion to boost innovation and development in these areas.…
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Hong Kong SFC revises ZA Bank’s licence registration
Published on August 15, 2022 Background The Securities and Futures Commission (SFC) in Hong Kong has recently announced a revision to ZA Bank’s licence registration. This move comes as part of the ongoing efforts by the financial regulatory authority to streamline the operations of virtual banks in the region. Implications of the Revision Under the…
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Standard Chartered-owned Zodia Custody launches in Hong Kong
Hong Kong, renowned as a global financial hub, welcomed the launch of Zodia Custody, a world-class custodian solution that enables institutional investors to securely manage digital assets. Zodia Custody, a subsidiary owned by leading international banking group Standard Chartered, aims to bridge the gap between traditional banking services and the emerging digital asset market. With…