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Hong Kong's Livi Bank bets on 'buy now, pay later' services

Diversity of major shareholders drives growth of city's online bank

Hong Kong’s online-focused banking industry is undergoing a period of intense competition.   © Reuters

HONG KONG -- In an increasingly competitive online banking market, Hong Kong's Livi Bank is making its presence felt through deferred services that feature quick borrower screening and collaboration with non-banking partners.

In a recent interview with Nikkei Asia, Chief Product Officer Carol Hung said the company plans to "expand our product lineup to meet customer needs" by working with specific shareholders.

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