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Top News In நிதி சேவைகள் தி கருவூலம் கிறிஸ்டோபர் ஹுய் Today - Breaking & Trending Today

More government services can soon be paid online EJINSIGHT


January 28, 2021 09:54
Oftentimes, crisis is the best agent to trigger changes, which would otherwise take much longer to happen.
As more people go online to shop or order food through apps amid the pandemic, the government is also doing its part to let people run more errands online by widening the acceptance of online payments through the Faster Payment System (FPS).
Secretary for Financial Services & the Treasury Christopher Hui told lawmakers Wednesday that the initiative is expected to be rolled out by phases in 2022. At least seven departments have started preparatory work. Numerous other departments will also explore the possibility of extending FPS payment to their bills. ....

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New subsidy scheme to promote fintech EJINSIGHT


January 07, 2021 10:28
The Fintech Proof-of-Concept (PoC) Subsidy Scheme will open for application from February 26, the government announced Wednesday.
The scheme aims to encourage traditional financial institutions to partner with fintech companies to bring innovative financial services.
“Through the PoC scheme, we hope that the fintech sector will grasp the opportunity to proactively put forth and test various innovative and practical fintech solutions and products, especially in areas that are increasingly mainstream and related to daily economic activities and people s livelihood, such as regtech, trade financing, cross-boundary/border payments and robo-advisory, so as to bring Hong Kong s financial services sector to a new level,” Secretary for Financial Services & the Treasury Christopher Hui said ....

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