In a recent interview with Hong Kong Economic Journal, BIBO Chairman and Co-Founder Ken Wong anticipates that the company’s growth momentum would continue well into the second half of this year. The outbreak of the COVID-19 pandemic has affected debtors’ payment ability and increased the delinquency rate, making it more difficult for clients to handle the receivable cases in house. He added that the opening of virtual banks would also bring new opportunities for BIBO. As virtual banks conduct transactions online, it is not cost-effective for them to build a physical team and equip themselves with the necessary set-up to deal with arrears.