Singapore’s Buy Now, Pay Later (BNPL) sector is advancing with its Code of Conduct (BNPL Code), overseen by a group of BNPL firms and under the Monetary Authority of Singapore’s guidance. Enacted in October 2022, the code mandates responsible lending and consumer protection, with existing BNPL players needing to comply by November 1, 2023, and … Read more
Mastercard has successfully concluded its participation in the Hong Kong Monetary Authority’s (HKMA) e-HKD Pilot Programme. This groundbreaking project showcased the robust capabilities of Mastercard’s Multi-Token Network in settling transactions within the burgeoning Web3 space, involving decentralized applications and digital assets like NFTs. The pilot tested the full operational cycle of a hypothetical digital currency, … Read more
The Financial Services and the Treasury Bureau (FSTB) has unveiled a series of significant fintech initiatives at the Hong Kong FinTech Week 2023, with the aim of synergizing fintech development and the real economy. These initiatives include the introduction of an Integrated Fund Platform (IFP), the endorsement of cross-boundary e-CNY applications, and the support for … Read more
Alta, Southeast Asia’s digital marketplace for alternative assets, has announced a significant expansion following its robust growth in 2023. The company is partnering with Singapore’s Evolve Capital and extending its platform to Hong Kong through collaborations with Rockpool Capital, Cachet Group, and Quam Securities. This move integrates these firms’ investor communities into Alta’s global network, … Read more