More than 40,000 Hong Kong taxi drivers have registered to accept Octopus payments, ahead of an electronic payment mandate that will take effect next month, with a sector representative urging authorities to exercise discretion during the initial phase of the roll-out. On April 1, all cabbies will be required to offer at least two electronic…
HSBC, Hong Kong’s largest bank with a 6.2 million-strong customer base, suffered a widespread system breakdown on Friday afternoon. According to some customers, the bank’s mobile app and online services were inactive as early as 1pm, with login attempts diverted to a screen stating the system was under maintenance and would be accessible at a…
Under the five-year plan called Fintech 2030 that starts this year, the HKMA would expand the scope of the city’s generative AI sandbox to include more industries as a step towards enhancing risk management, fraud detection and customer experience, chief executive Eddie Yue Wai-man told the Post in a written interview. “The diversity of perspectives…
A Hong Kong start-up has sought to overcome taxi drivers’ long-standing reluctance to embrace digital payments by launching an e-payment system offering various fare settlement options alongside a ride-hailing app. Jason Ma Siu-cheong, 37, founded the start-up Dash in 2021. It is the latest company aiming to persuade Hong Kong’s taxi drivers to abandon their…