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 significance of the Hong Kong Monetary Authority's involvement in the new payment system?

What challenges does the speaker mention regarding the transition from checks to digital payments?