Hong Kong lenders intensify rivalry in electronic lai see market

Hong Kong lenders are escalating efforts to expand the local market for electronic lai see amid increasing demand from tech-savvy consumers, while current social-distancing measures have made this digital red packet service more essential than ever, according to bankers.Various e-lai see services from the apps of virtual banks such as Mox and ZA Bank as well those of the city’s traditional big players HSBC, Standard Chartered, Bank of China (Hong Kong), Citibank, Hang Seng Bank and Bank of East…

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