Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform
Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App.
China Takes Steps to Become First Cashless Society After COVID-19
As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.
China Mobile Payment Gains Fueled by Pandemic
The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.
Symbiotics Investments Launches Its First Green Bond in China With Zuoli
With the issuance of this Green Bond, Zuoli will finance, amongst others, green buildings and energy efficiency projects in the Zhejiang province.
IFC Investment Will Allow Banco General to Support Mortgage Financing and Boost Climate Products
IFC, a member of the World Bank Group, provided Banco General, S.A., a loan of $150 million for mortgage lending for low and middle-income families in Panama, at the end of 2019.
BBVA Microfinance Foundation’s Institutions Establish Measures for the 2.2 Million Entrepreneurs It Serves During the Health Crisis
Aligned with its social purpose and in light of COVID-19’s progress in Latin America, BBVA Microfinance Foundation’s six institutions in five countries in the region have adopted urgent and necessary measures to help its 2.2 million clients cope with this situation.
Former Hong Kong Bourse Chief LI Plans New Microfinance Platform in 2021
Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.
MicroRate Authorized to Operate As a Risk Rating Agency in Panama
This is the first time that a rating agency specializing in microfinance has been authorized in Panama to rate regulated financial institutions in the country.