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At least 50 cities across China have distributed vouchers amounting to more than six billion yuan (RM3.66bil) via e-payment systems.
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic.
Facebook Inc and other global companies including LG Electronics Inc and Standard Chartered Plc are restricting travel to China, as the death toll from a flu-like virus rose above 100 on Jan 28.
Restaurants and credit card providers have seen ‘significant increase’ in home-delivery ordersDelivery growth has coincided with decline in weekend traffic as protests intensified
Grab, South-East Asia's most valuable startup, is exploring a move into Singapore banking as regulators in the South-East Asian city-state consider allowing online-only banks, four people with knowledge of the process said.
Hong Kong’s banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital.
Singapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said on May 7.
Mynt, the Philippine payments app backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image.
Going cashless may be all the rage in mainland China and places chasing “smart nation” targets, but for now at least, hard cash still rules in Hong Kong.
Police investigated more than 10,000 cases of illegal fundraising last year, a 22% rise in the caseload, according to top prosecutors.