Stored Value Facilities news and trends

Hong Kong Monetary Authority Grants Eight SVF Licenses

November 07, 2016
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Hong Kong Monetary Authority Grants Eight SVF Licenses

November 07, 2016
PayPal Hong Kong and seven more issuers received stored value facility licenses from the Hong Kong Monetary Authority (HKMA). According to a report by Reuters, with the announcement from the HKMA Friday (Nov. 4), the number of stored value facility licenses now totals 13. “We are pleased to see companies with diverse backgrounds offering a variety […]