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)

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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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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.