More licences are under process, the HKMA said on Wednesday. Photo: Winson Wong

Hong Kong hands out virtual bank licences as city catches up with China, Japan in disrupting bricks-and-mortar banking

  • Livi VB, SC Digital Solutions and Zhong An Virtual Finance to be the operators of first three licences
  • The three are among 33 financial service providers that applied for the virtual banking licence from the HKMA
Topic |   Fintech

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More licences are under process, the HKMA said on Wednesday. Photo: Winson Wong
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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'.