The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A  view of labour force in Central on May 3, 2021. Photo: Felix Wong The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A  view of labour force in Central on May 3, 2021. Photo: Felix Wong
The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A view of labour force in Central on May 3, 2021. Photo: Felix Wong

Hong Kong’s cheques are heading for the dust heap of history even if branches remain in the age of virtual banks

  • Hong Kong cheques usage shrank 29 per cent since 2018 as people use mobile phone apps and Faster Payment System to transfer funds
  • Hong Kong traditional lenders still have 1,200 branches

Topic |   Banking & Finance
The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A  view of labour force in Central on May 3, 2021. Photo: Felix Wong The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A  view of labour force in Central on May 3, 2021. Photo: Felix Wong
The coronavirus pandemic has compelled social distancing, giving a bolster to digital banking services. A view of labour force in Central on May 3, 2021. Photo: Felix Wong
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