The Hong Kong Monetary Authority (HKMA) today unveiled a number of initiatives that prepare Hong Kong to move into a New Era of Smart Banking. In a keynote speech delivered during the Annual Banking Conference of the Hong Kong Institute of Bankers, Mr Norman Chan, Chief Executive of the HKMA, outlined how the HKMA will take lead and help the banking sector to rise to a higher level and embrace the enormous opportunities brought about by the convergence of banking and technology.
Delivering on its vision to create a global Fintech ecosystem, the Centre for Finance, Technology and Entrepreneurship announces a new partnership with SuperCharger, the leading Fintech accelerator in Asia with offices in Hong Kong and Malaysia.
In less than 3 years, SuperCharger has built a complete ecosystem that benefits both regional early-stage Fintech Start-ups and established western companies. Their accelerator programmes distinguish themselves with a strong B2B sales focus, closing 14 commercial PoC in 12 weeks for its second cohort. Cumulatively SuperCharger’s alumni have raised over US$370million to date.
Smart Transfer today announced the official launch of the world’s first person-to-person mobile payment platform that enables international social payments across multiple currencies at no charge to users. Aside from bank accounts, Smart Transfer allows international money transactions to be made to any phone number, email address, or social media platform.
Person-to person payment services offered by existing platforms are typically restricted to a single country, currency, or proprietary platform, and may involve service fees ranging up to 8% of the transaction amount. As payments become increasingly digital and mobile based, Smart Transfer is envisioned to play a vital role in enabling person-to-person payments via a platform designed to transcend these limitations.
A healthy rivalry seems to exist between Singapore and Hong Kong to be the FinTech leader of the Asian region. Several posts have been written about this. After our recent look at the Top FinTech Startups in Singapore, Fintech Asia brings a list of the most well-funded financial technology companies in Hong Kong…