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.

The Coin-Related

• Hong Kong proposed to ease licensing rules for virtual asset services to strengthen regulatory oversight while still fostering fintech innovation.
• HashKey Group partnered with Kraken to develop and promote tokenized asset trading, accelerating digital asset adoption globally.
• Shanghai Commercial Bank and HashKey co-launched a new digital asset Visa card, bridging traditional banking and cryptocurrency markets for consumers.

Product & Partnership Launches

• XTransfer partnered 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 HeyMax partnered 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.
• Aspire partnered with Stripe to offer improved payment infrastructure to businesses in HK.
• Tencent’s Tenpay Checkout expanded to Singapore and Macau, facilitating seamless digital payment experiences across these markets.
• DBS and Ant Group are expanding their strategic partnership to scale each other’s digital banking and payment innovations.
• Bridgewise launched Bondwise, a platform aimed to deliver AI-driven bond insights.

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