Hong Kong Sees Increase of Fintech Adoption

The Hong Kong Monetary Authority shared that half of the population if the city has signed up for their Faster Payment System; the system allows for free transfers between bank accounts; officials at an annual conference put on by the Hong Kong government discussed how Hong Kong is moving into branchless banking, challenging the traditional banks who now must adapt; The payment system was first introduced in September 2018 and posts daily transaction volumes around $300 million. South China Morning Post

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]