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Feb 20, 2018
Hong Kong Economic Journal Excerpt
Mobile payment war heats up in Hong Kong
Alipay and WeChat Pay, China’s big two mobile payment giants, both entered the Hong Kong market last year, triggering a mobile payment war among major operators.
To fend off the competition, local e-payment leader Octopus Cards joined hands with Samsung Electronics to launch Smart Octopus. Backed by an attractive promotional offer and the vast user base of the mobile phone brand, the venture is said to have been quite successful.
HSBC, meanwhile, launched a mobile payment app PayMe, which enable users to send money instantly to anyone for free.
Union Pay has also joined the game. To vie for customers, it set up a booth at the Lunar New Year Fair in Victoria Park to promote its Quick Pass service.
Other players have also made use of the festival to boost public awareness about their payment platforms.
Hong Kong Economic Journal Excerpt
Mobile payment war heats up in Hong Kong
Alipay and WeChat Pay, China’s big two mobile payment giants, both entered the Hong Kong market last year, triggering a mobile payment war among major operators.
To fend off the competition, local e-payment leader Octopus Cards joined hands with Samsung Electronics to launch Smart Octopus. Backed by an attractive promotional offer and the vast user base of the mobile phone brand, the venture is said to have been quite successful.
HSBC, meanwhile, launched a mobile payment app PayMe, which enable users to send money instantly to anyone for free.
Union Pay has also joined the game. To vie for customers, it set up a booth at the Lunar New Year Fair in Victoria Park to promote its Quick Pass service.
Other players have also made use of the festival to boost public awareness about their payment platforms.