Monthly Archives: May 2021

Hong Kong Data Report Unveils Virtual Banks’ Combative Market Strategies Contributing to an Uprise in Virtual Banking Industry

The pandemic crisis has accelerated the growth of fintech market, we can also witness the blossoming of a new form of banking system in Asia– Virtual Bank. Back in 2019, Hong Kong Monetary Authority have issued licenses to eight virtual banks and all of them have launched their service to the general public after years of preparation.