The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.
October 12, 2022Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.
February 28, 2022New legislation set to take effect in July will task the KDIC with helping users of mobile payment apps to retrieve funds that are transferred in error.
February 17, 2021Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.
September 29, 2020Mobile payment service providers will be allowed to offer deferred payment services, issue payment accounts to users, and enable larger transaction limits.
July 27, 2020PayPal's acquisition of a majority stake in Gopay gives it access to licences that allow it to offer online, mobile and cross-border renminbi payments.
December 24, 2019Launched in partnership with 7 financial institutions, the new system will enable real-time interbank transfers, mobile payments, and QR code payments.
October 24, 2019There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.
April 29, 2019The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
April 1, 2019New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.
September 18, 2018