China Pacific Life Insurance (HK) obtains Hong Kong licence

Dixie



China Pacific Life Insurance (HK) Company has received authorisation from the Hong Kong Insurance Authority to operate long-term insurance business in the special administrative region.

The licence, dated Nov. 18, enables the insurer to play an important role in China Pacific Life Insurance’s strategy for the Greater Bay Area (GBA) strategy, said John Cai, general manager and CEO of CPIC Life. The Hong Kong operation also serves as a springboard for CPIC’s international business, he said.

Cai said that CPIC is pursuing its Big Health Strategy, which integrates health management, insurance products and medical services. It took part

Read More

a parallel payments data revolution to underpin digital payments

Dixie

US payments technology is currently lagging behind other regions with lengthy settlement delays, limited mobile money penetration and outdated data management processes.

A parallel payments data revolution to underpin digital payments

Just 10% of US consumers use mobile payments, despite widespread smartphone ownership. Not only are paper checks still in widespread use, but 80% of Americans use credit cards for purchases, which can take up to three days to settle payments or even allow customers access to their own deposits.

By comparison, countries such as the UK shifted to near or real-time payment systems over a decade

Read More