As the old saying holds, cash-flow is the life blood of the construction industry. In 2021, Hong Kong looks set to join Singapore, Australia and other jurisdictions in implementing a Security of ...

The long-anticipated Construction Industry Security of Payment Bill (“Bill”) was gazetted on 17 May 2024 and was introduced into LegCo for its first reading on 29 May 2024. The Bill aims to establish ...

Supported services include instant remittance services, amongst others. The central banks of Hong Kong and China have pushed forward Payment Connect, which sees in their clearing centres cooperate to ...

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the official launch of Payment Connect, a new cross-boundary payment system linking Hong Kong’s Faster Payment ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As part of the launch, Octopus — Hong Kong's most widely adopted payment ...

Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.” The partnership ...