Online Banking Sites Crash As Cash Payout Starts
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1536026_1_20200706180829.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1536026-20200706.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1536026-20200706.htm', 'DCS.dcsqry', '' ); } } }); }); });
2020-07-06 HKT 13:13
Online banking crashed for several Hong Kong banks on Monday as news spread that the government has started transferring a HK$10,000 handout that was announced as a step to boost the local economy with the city facing an economic slump.
At least two banks, HSBC and Standard Chartered, said on their websites that some customers may experience a slow response or service connection issues due to a large number of people using the service.
Several people posted on social media that they were having trouble logging into either online or mobile banking.
One person said that they tried calling the HSBC hotline but was unable to get through because the line was busy, while someone else said that they were unable to log in to their HSBC online banking for at least two hours.
Last week the government had said that those who registered for the handout, which was announced in February's budget to help mitigate against the Covid-19 pandemic, would start receiving money from Monday.
Financial Secretary Paul Chan confirmed on Sunday that around 5.76 million people have registered for the payment so far, and that the 4.3 million people who did so last month will receive their handout first.
All permanent residents in the city are eligible for the cash, even those who are not currently residing in Hong Kong.
How Core Modernisation Is Paving The Way For Invisible Banking
In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s deman... Read more
ZA Bank Financial Performance Shows Strong Growth, Reduced Losses Last Year
ZA Bank, a virtual bank in Hong Kong, has reported a substantial increase in its financial performance for the past yea... Read more
Elon Musk Impersonated In Suspected Quantum AI Crypto Fraud
The Securities and Futures Commission (SFC) has issued a public warning about suspected fraud involving the entity know... Read more
Why Hong Kong Is Primed For A Crypto ETF Breakthrough
In the dynamic landscape of global finance, Hong Kong has emerged as a frontrunner in innovative exchange-traded funds ... Read more
MixCare Health And Pacific Prime Collaborate On Digital Health Platform
MixCare Health, a Hong Kong-based digital health and wellness platform, has partnered with Pacific Prime, an internatio... Read more
Mox Bank Revenue Triples In 2023 Driven By New Services And Customer Growth
Mox Bank announced that it has tripled its revenue in 2023, driven by an increase in its customer base, deposits, and l... Read more