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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you