Mobile Payment

UnionPay Expands its Mobile Payments App into Hong Kong and Macau

UnionPay announced that it has started to offer its mobile services to customers in Hong Kong and Macau, in a move that is said to meet increasing payment needs brought by the exchanges between Hong Kong/Macau and the Chinese mainland.

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Is Hong Kong Ready to Go Cashless?

Seeing the popularity of WeChat Pay and Alipay in China, it is easy for some to assume that these mobile payment apps are equally popular in Hong Kong. Unlike China, Hong Kong is still largely a very cash dominant society.

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First Australian Bank To Integrate With Alipay

Tyro, Australia’s business-only bank announced it had entered an agreement with the world’s largest mobile and online payment platform, Alipay, to become the first Australian bank to offer a seamless, all-in-one EFTPOS solution with Alipay for Tyro’s merchants and improve

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Survey: Exploring Mobile Payment in Hong Kong

Hong Kong Internet Registration Corporation Limited (“HKIRC”) announced the results of the “Mobile Payment: Digital Transformation from Customers to Merchants” survey, exploring the market prospects of electronic mobile payments in Hong Kong. The survey measured public perceptions of the development of

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Citi Adds Three New API Partners in Hong Kong

Citi Hong Kong announced the addition of three new API (Application Programming Interface) partners as the bank continues its effort to promote the benefits of API usage and cross-industry collaboration with the aim of bringing banking and credit card services

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US$55 Million Series C Funding for Japanese Fintech

Paidy – the instantly issued post-pay credit account linked to mobile phone number company from Japan, has announced at RISE in Hong Kong a Series C funding round of US$55 million. The investment is being led by ITOCHU Corporation, with

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Gemalto Enables Digitization of Hong Kong’s Octopus Card into Samsung Pay

Gemalto, a digital security provider , announced that its Service Hub is enabling the secure digitization of Octopus contactless smart cards into Samsung Pay. Named Smart Octopus in Samsung Pay, this new mobile payment service allows consumers to securely pay and travel by simply

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WeChat Pay Duplicates Domestic Lifestyle Overseas Where Over 90% Chinese Still Prefer Mobile Payment

“As mobile payment is increasingly welcomed by mainland Chinese outbound tourists, WeChat Pay plans to constantly invest in its cross-border business, with the aim of duplicating the domestic WeChat lifestyle overseas,” Grace Yin, WeChat Pay Director for Overseas Operation today

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2018 Forecasts and 2017 Highlights for Electronic Payments

The imminent arrival of PSD2 (championing open banking), has seen a mind-shift within banking in 2017. And payments are no exception. At Sibos 2017, I noticed that banks now realize there is a real benefit in working with fintechs. Banks

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Adyen Launches Wechat Pay on Point-Of-Sale Terminals to Process Payments for 400m Chinese Consumers

Adyen rolled out WeChat Pay, one of the most popular mobile payment apps in China, allowing Adyen merchants to offer WeChat Pay on their point-of-sale terminals worldwide. This is a key addition to Adyen’s unified commerce solution. Since 2016, consumers have

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