Fintech company Aspire has partnered with Episode Six (E6), a global card infrastructure provider, to launch a corporate card for SMBs in Hong Kong and Singapore. Finance platform for businesses, Aspire, offers its customers simplified financial management with a unified interface for payments, treasury, and expense solutions. By working with E6, Aspire offers more efficiency…
An e-commerce industry leader has suggested that Hong Kong should consider allowing a popular quick payment operator to arbitrate online transactions amid the rising trend of internet shopping scams, while also urging buyers not to use bank accounts for purchases. The statement comes after police earlier revealed that the amount of money lost by Hongkongers…
The Hong Kong Monetary Authority (HKMA) will announce on Monday new measures to be implemented by banks to safeguard the public from financial fraud, stepping up its vigilance to prevent scams that caused losses of HK$9.15 billion (US$1.2 billion) last year. Called “E-Banking Security ABC”, the “ABC” refers to tightening “authorisation” methods for transactions, saying…
The removal of property curbs a year ago has failed to support home prices, as the market value of private residential properties in Hong Kong was down by HK$480 billion (US$61.7 billion) since February 2024, Centaline Property said on Thursday. The withdrawn measures included the Buyer’s Stamp Duty that targeted non-permanent residents and a New…
The Hong Kong Monetary Authority (HKMA) has made it incumbent on banks to conduct a mandatory name-matching process on customers for real-time fund transfers, the latest step by the city’s financial regulator to tackle scams. Financial institutions have been urged to adopt “refined measures” on their instant fund transfer systems such as the Faster Payment…
Two car number plates, one bearing the single letter “S” and the other the digits “88”, have each fetched more than HK$11 million (US$1.4 million) at auction in Hong Kong, beating market expectations. The plates were among 49 up for grabs at an annual Lunar New Year auction held by the Transport Department on Sunday….
The big bosses at DBS Bank and HSBC’s money-management unit became new owners of luxury homes in Hong Kong in October amid a revival in optimism and stock market wealth, helping drive the property market to its busiest month since May. Transactions involving new and lived-in homes, offices, shops, car parks and industrial spaces jumped…
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transactions as of November.Mikhail Svetlov/Getty Images Russia will be cut off from another bank at the end of the month. Oversea-Chinese Banking Corp will stop processing Russian transactions in November, Bloomberg reported. The Singaporean bank is following lenders in China, which have largely…