Financial Services
UnionPay, Bank of Communications remove cross-network ATM withdrawal fees
The exemption also covers customers in Macau.
UnionPay, Bank of Communications remove cross-network ATM withdrawal fees
The exemption also covers customers in Macau.
Local finance firms lead in AI but regulations hinder growth
58% of financial firms in the city will utilise AI next year.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
PayPal pilots QR codes for in-person transactions
They are waiving seller transaction fees until 10 August.
COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
HSBC Life pilots new health insurance plan
It also combines business talent retention with wealth growth. HSBC Life has launched a new whole-of-life insurance plan for its commercial clients...
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
Bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Less than 20% ‘understand' fintech apps: survey
The majority of Hong Kong use such apps for personal finance.
Regulations to quell slight uptick in banks' credit losses
Credit losses will notably decline in 2021.
Manulife's Q1 core earnings climbed 10% to $1.4b
In-force business growth and higher sales spurred the growth.
AIA launches first robotic investment choice service
This will help clients purchasing new ILAS policies to build their investments.
HSBC Life launches video-conference insurance service
Retail banking clients registered in Personal Internet Banking can opt in.
Mid-sized banks most vulnerable to loan losses if pandemic persists: Moody's
Their exposure to SMEs and unsecured loans heightens the risks.
AXA releases first policy with dementia benefit
The plan has an annuity period of 10 to 20 years starting at the age of 50.
Citibank launches special personal loan
Clients can apply for loans up to $30,000.
Insurance regulator grants virtual licence to OneDegree
It is the first to offer non-life insurance directly on a digital platform.
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