Amazon Web Services (AWS) has announced that PayMe by HSBC, a prominent mobile wallet in Hong Kong, has successfully migrated its entire platform to the AWS cloud environment.

Since its launch in 2017, PayMe has grown to serve over 3.2 million users.

The application facilities peer-to-peer transfers, bill splitting, and payments at approximately 34 million merchants across 46 markets via a virtual debit card.

The migration aims to deliver specific technical and operational improvements.

According to the announcement, moving to the cloud has improved application response times and reduced infrastructure costs through optimised resource utilisation.

The shift has also accelerated the development cycle, reportedly reducing the time-to-market for new features from months to weeks.

Furthermore, the platform can now scale more effectively during peak transaction periods, such as holidays, while leveraging enhanced CI/CD pipelines and data analytics for fraud detection.

Scott Mullins, Managing Director of Worldwide Financial Services at AWS, noted that the move allows the payment platform to “enhance its reliability, scalability, and innovation capabilities.”

Benedict Woo, Interim Chief Information Officer, Hong Kong at HSBC, described the move as a strategic step for the bank’s digital services.

“The improved performance, security and scalability of the AWS platform are foundational, empowering us to innovate with greater agility and consistently provide our customers with a seamless and secure payment journey,”

said Woo.

This collaboration reflects a broader trend within the financial services industry, where institutions are increasingly adopting cloud infrastructure to support mission-critical payment applications while maintaining regulatory compliance.

Featured image credit: HSBC