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Hi Fintech friends,

Fintech in China and beyond is moving fast, with fresh partnerships and new tech making cross-border payments and digital assets easier than ever. This week’s content specifically highlights show how banks and fintechs are working together to shake up the way money moves across the globe.

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The Coin-Related

  • Hong Kong proposed to ease licensing rules for virtual asset services to strengthen regulatory oversight while still fostering fintech innovation.

  • HashKey Grouppartnered with Kraken to develop and promote tokenized asset trading, accelerating digital asset adoption globally.

  • ShanghaiCommercial Bank and HashKeyco-launched a new digital asset Visa card, bridging traditional banking and cryptocurrency markets for consumers.

Product & Partnership Launches

  • XTransferpartnered with Maybank to develop cross-border payment services and Shariah-compliant financial solutions. They also collaborated with SPD Bank Hong Kong, Bank Sinopac, and OCBC to boost cross-border payment solutions locally.

  • Singapore-based rewards platform HeyMaxpartnered with Cathay to launch in Hong Kong.

  • WeChat Pay Hong Kong integrated with Thunes to expand its cross-border payment reach, simplifying global remittances for users.

  • Aspirepartnered with Stripe to offer improved payment infrastructure to businesses in HK.

  • Tencent’s TenpayCheckout expanded to Singapore and Macau, facilitating seamless digital payment experiences across these markets.

  • DBS and Ant International are expanding their strategic partnership to scale each other’s digital banking and payment innovations.

  • BridgewiselaunchedBondwise, a platform aimed to deliver AI-driven bond insights.

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