Mobile Payment

AlipayHK Will Be Offering QR-Based MTR Payments By 2020

After a fierce battle, AlipayHK wins the ability to provide QR code payment solutions for Hong Kong’s MTR, with the new payment system to be rolled out to 91 MTR stations by mid-2020. AlipayHK will serve as an extra option

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Is UnionPay Breaking the Visa and Mastercard Duopoly?

It’s a well known fact that the cards network sector is dominated by the Visa and Mastercard duopoly. If you live outside of China, a quick glance into your wallet will likely prove that fact. Enter UnionPay, established in 2002

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Now That The HKMA Faster Payment System is Live, What Does it Mean For Hong Kong?

In an effort to push Hong Kong towards a cashless society, the HKMA Faster Payment System was launched earlier this month To date 21 banks and 10 digital wallet have signed up for the system which includes well known names

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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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