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HKMA: 3,200+ Customers Use 'Money Safe' as of 15 Dec, Involving $1.6B
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As of 15 December, over 3,200 customers have used the 'Money Safe' service, with protected deposit amounts being approx. $1.6 billion, averaging $500,000 per deposit, as announced by the Hong Kong Monetary Authority (HKMA). It is expected that usage will steadily increase after the service is fully launched by retail banks. As of November, the authority has received a total of 542 complaints related to fraud, down 28% YoY, the HKMA added. AASTOCKS Financial News Website: www.aastocks.com |
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