More consolidation likely for fintech players in Hong Kong and mainland China

Hong Kong is home to more than 600 fintech companies and start-ups, including eight unicorns.
Hong Kong is home to more than 600 fintech companies and start-ups, including eight unicorns.PHOTO: REUTERS

HONG KONG - Further consolidation could be on the cards for the fintech industry in Hong Kong and mainland China in the next 12 months amid greater scrutiny by regulators, and digital currency could be a bright spot, some players say.

Mr David Rosa, co-founder and chief executive of digital payment services fintech firm Neat expects mergers to grow "by quite a bit" as regulators move to plug loopholes and maintain financial sustainability even as firms are more focused on user experience.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.