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Fintech Company Airwallex Secures $200 Million In Fresh Capital
Airwallex will spent the proceeds on an expansion into the U.S. where it will compete with companies like digital payments company Stripe. Airwallex will spent the proceeds on an expansion into the U.S. where it will compete with companies like digital payments company Stripe. -
UK Lender To Sack 350 Staff, Shutter 18 Branches Due To Virus
The bank blames the pandemic and falling interest rates as the reason for its job cuts and closures. The bank blames the pandemic and falling interest rates as the reason for its job cuts and closures. -
HSBC Rolls Out New Digital Account Opening System For Startups In Hong Kong
The new service will allow SMEs in Hong Kong to open business accounts without having to physically visit branches to sign documents and submit requirements. The new service will allow SMEs in Hong Kong to open business accounts without having to physically visit branches to sign documents and submit requirements. -
Hong Kong Banks Ramp Up Promos To Tap Into HK$71 Billion Cashout To Residents
Hong Kong banks are offering incentives such as cash, gadgets, and gold to entice residents expected to receive government handouts to open an account. Hong Kong banks are offering incentives such as cash, gadgets, and gold to entice residents expected to receive government handouts to open an account. -
PayMe Hits 2 Million-User Milestone As Online Transactions Surge
PayMe reported a dramatic increase in new registrations to its payments platform over the past months as a direct result of the restrictions imposed to control the spread of the coronavirus. PayMe reported a dramatic increase in new registrations to its payments platform over the past months as a direct result of the restrictions imposed to control the spread of the coronavirus. -
UBS Seeking Digital Banking License In China To Accelerate Growth
UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted. UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted. -
Five Virtual Banks In Hong Kong Postpone Launch Amid Pandemic
Most of the banks blame the ongoing pandemic for delaying their preparations, while some are simply waiting for the crisis to end before launching their services. Most of the banks blame the ongoing pandemic for delaying their preparations, while some are simply waiting for the crisis to end before launching their services.