Fintech

“Compound interest is the eighth wonder of the world.”

Moving money, information, and goods.

It has the advantage that multiple bills can be settled at a convenient time.

The Hong Kong Monetary Authority has so far issued 8 virtual banking licenses. Ant Financial, Tencent, Xiaomi, and Ping An each have one.

The platform hopes that one-fifth of the country’s population will be on board within two years.

Alami is the third Sharia-compliant fintech platform registered with the financial services authority

Earlier this year, the payment platform was in a row with Huobi, a cryptocurrency exchange that exited China in 2017.

The app has been available for download for about two months but isn’t fully functional yet