More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters
More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters

Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption

Hong Kong Monetary Authority says it will publish revised guidelines for virtual banks ‘very soon’, adding to expectations licenses will be granted this year

Topic |   Hong Kong Monetary Authority (HKMA)
More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters
More than 10 local and overseas firms have expressed interest in providing virtual banking services in Hong Kong, according to the HKMA. Photo: Reuters
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