What is the primary advantage of using the mobile app for money transfer as discussed in the video?
The Hong Kong Start Up Aiming to Eliminate Checks

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Business, Other
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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.
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