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Ant, Tencent, Xiaomi seek Hong Kong digital banking licenses

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 Insights

21-Feb-19 Hong Kong authorities are preparing to issue digital banking licences to six companies including internet and gaming group Tencent, Ant Financial, the payments business of e-commerce giant Alibaba, smartphone maker Xiaomi and insurer ZhongAn. [image: Bloomberg]

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Southeast Asia’s rising wealth

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18-Dec-18 Southeast Asia is coming into its own as a key market for anything from cars to computers. But tens of millions still have no bank account. Demand for savings plans, insurance and banking still has lots of room to grow. [image: HSBC]

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UnionPay partners Millennium bcp to foray into Portugal market

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 Insights

06-Dec-18 China’s UnionPay has partnered with Portugal's private bank Millennium bcp to issue UnionPay Portugal cards. Millennium will issue both consumer and commercial cards. Millennium becomes the first local institution in Europe to provide the cards. [image: Cards International]

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