Payment Connect – Charm

Hong Kong insurance market may grow 55% by 2032 as Greater Bay Area ages

Cs news5 days ago03 mins

Hong Kong’s insurance business may expand by a compounded 55 per cent over the next eight years, driven by the so-called silver economy serving senior citizens and growth in the Greater Bay Area, industry experts said on Tuesday. Gross insurance premium in the city may jump to US$127 billion by 2032 from last year’s US$82…

Payment Connect: Hongkongers, mainland China residents embrace service on launch day

Cs news3 weeks ago03 mins

Hongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service on its first day of operation on Sunday. The so-called Payment Connect was operating smoothly, with 6,900 Northbound and 19,000 Southbound transactions as of 6pm, according to a spokesperson for the Hong Kong Monetary Authority…