The Hong Kong Start Up Aiming to Eliminate Checks

The video tutorial introduces a mobile payment solution using the Hidden Tran app, which allows users to transfer money instantly without needing cash or checks. It highlights the app's efficiency and social benefits, particularly in reducing the reliance on checks in Hong Kong. The tutorial also discusses the regulatory environment, competition, and future expansion plans, emphasizing the need for strategic partners to grow the business.

What is the primary advantage of using the mobile app for money transfer as discussed in the video?

• It provides a higher interest rate.

• It eliminates the need for an ATM visit.

• It allows for physical cash withdrawal.

• It offers discounts on transactions.

How does the digital payment system benefit the Hong Kong community?

• By offering higher interest rates on savings.

• By providing free banking services.

• By reducing inefficiencies and costs associated with checks.

• By increasing the number of checks processed.

What is the role of the HKMA in the context of digital payments?

• To eliminate all forms of cash transactions.

• To provide loans to startups.

• To regulate and monitor digital payment systems.

• To offer discounts on digital transactions.

What is the main focus of the startup at the current stage?

• Expanding globally immediately.

• Focusing on the Hong Kong market.

• Offering loans to other startups.

• Developing a new mobile phone.

What is the significance of the name 'Hint Ran'?

• It is a combination of Mandarin words for silver and transfer.

• It is the founder's name.

• It represents a new currency.

• It is a popular phrase in Hong Kong.