Hong Kong virtual banks future
Mox Bank hit HK$170m operating income in 2022
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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