Read more: http://bit.ly/2yn45Wk
Hong Kong is lagging behind mainland China in becoming a cashless society because the city’s first such payment option, the contactless Octopus card, was so successful that the city stopped exploring more options, Secretary for Commerce and Economic Development Edward Yau Tang-wah says.
Read more: http://bit.ly/2zQSUb7
Li Ka-shing, Hong Kong’s richest man, has given his strong backing to the city’s fast-growing financial technology start-up sector by investing in MioTech – a specialist provider of artificial intelligence (AI) for investors.
Read more: http://bit.ly/2wYlDpz
When money becomes information, it can inform on you. In 2014, Cass Sunstein—one-time “regulatory czar” for the Obama administration—wrote an op-ed advocating for a cashless society, on the grounds that it would reduce street crime.
Read more: http://theatln.tc/20ttynE
Square Inc. acquired the engineering team of Yik Yak, according to a person familiar with the matter, marking the decline of the once-popular anonymous social network. The payments processor paid less than $3 million for between five and ten of Yik Yak’s engineers, according to the person.
Read more: https://bloom.bg/2oGe9DJ
Fintech is changing or live, but what is it ?Here are 5 things which you need to know:What does fintech means ?Fintech is the abbreviation of finnacial technologyWho use the fintech ?Banks, insurers and other financial institutions.Why does fintech matter ?Increasing competition, lowers customer cos
Read more: https://www.youtube.com/watch?v=VXN0vD7yZSA
Visa has announced new details about a forthcoming business-to-business payments service developed in partnership with blockchain startup Chain.
Read more: http://bit.ly/2e9okwT
Photo credit: 401(K) 2012. A few decades ago, Asia’s billionaires made their fortunes through industries like petrochemicals, steel, and tobacco. Now some of those tycoons are eyeing startups for investment opportunities.
Read more: http://bit.ly/2cftIyR