More consumers in Hong Kong have come forward to allege aggressive sales tactics across the beauty sector, including credit card abuse, unwanted physical contact and pressure to buy costly products, on the back of a crackdown on the local operations of a UK-based brand. Legal experts warned that such practices could breach the Trade Descriptions…
The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led. That…
For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a…
Mandatory e-payment in Hong Kong taxis could attract more residents and visitors to use the service, as about 90 per cent of drivers are ready to meet the requirement ahead of its implementation next month, an industry representative has said. Ryan Wong Cheuk-pong, chairman of the Hong Kong Taxi Council, said on Tuesday that drivers…
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…
Hong Kong’s privacy watchdog is investigating risks to early users of HSBC’s popular PayMe mobile app after the Post discovered some remain unaware their personal details may have been exposed. The Office of the Privacy Commissioner for Personal Data (PCPD) told the Post on Monday that the compliance review would “look into all relevant issues,…