KUALA LUMPUR, April 29 — Users of Touch ‘n Go eWallet (TNG eWallet) and MyPB by Public Bank Berhad can take pleasure in seamless QR funds in Hong Kong with wider acceptance. The two Malaysian monetary apps are amongst 14 well-liked abroad eWallets from 9 international locations that may make cross-border cell funds through the Alipay+ community. These eWallet and banking apps are accepted at over 90 per cent of the native retailers in Hong Kong.
According to Ant International, customers of 14 world eWallets can take pleasure in a easy fee expertise with clear and aggressive alternate charges in Hong Kong each time they encounter a service provider with the Alipay+ or AlipayHK brand.
The 14 supported eWallets are MPay (Macam SAR, China), Changi Pay and OCBC Digital (Singapore), GCash and HelloMoney (The Philippines), Hipay (Mongolia), Kakao Pay, Naver Pay and Toss Pay (South Korea), MyPB by Public Bank Berhad and TNG eWallet (Malaysia), TrueMoney (Thailand) and Tinaba (Italy). Similar to Alipay (Mainland China), these newly enabled wallets are now accepted at over 90 per cent of the native retailers in Hong Kong.
AlipayHK CEO and Greater China General Manager of Ant International Venetia Lee stated, “When we pay like locals, we will journey and expertise the tradition like locals. We are so excited to assist customers of our 14 pockets companions to broaden their presence to over 90 per cent of native merchants by means of AlipayHK’s community. This permits hassle-free funds, promotes the event of Hong Kong’s tourism trade, and helps native merchants improve the effectiveness of their promotional actions by means of digital expertise.”
The newest integration represents the biggest quantity of worldwide fee apps launched to the town’s offline industrial community by means of cross-border cooperation at a single time. Alipay+ and its eWallet companions have additionally introduced a joint mechanism for buyer companies with the Alipay+ Service Collaboration Mechanism in Hong Kong. This is to assist companions in bettering cross-border fee experiences, enhancing operational effectivity and offering higher companies to world digital pockets customers and merchants by means of operational collaboration and product innovation.
Commenting on the cross-border integration, TNG Digital CEO Alan Ni stated “We are happy to be recognised as one of Alipay+’s esteemed International eWallet companions. Through this collaboration, TNG eWallet customers can conveniently make funds and immerse themselves in new cultures, corresponding to the colourful streets of Hong Kong, all because of Alipay+.
TNG eWallet and MyPB amongst 14 world wallets supported by Alipay in Hong Kong. — eNM pic
“Since the introduction of our abroad QR fee characteristic in Hong Kong in October 2023, we’ve noticed regular development that underscores our dedication to serving our customers as the popular eWallet in Malaysia. We stay devoted to making sure our customers really feel supported wherever they go, outfitted with a well-recognized eWallet expertise that really makes them really feel like they’re experiencing life like a neighborhood,” he added.
Since 2023, Hong Kong has seen a continued development of inbound travellers following the worldwide campaigns by the Hong Kong Tourism Board (HKTB). In 2023, greater than 34 million travellers visited Hong Kong and in the primary quarter of 2024, a complete of 11.23 million customer arrivals had been recorded. This marks a 1.5 instances year-on-year improve and demonstrates the continued and gradual development of customer arrivals.
Alipay+ now connects over 88 million merchants in 57 international locations and areas to 1.5 billion client accounts throughout greater than 25 eWallets and financial institution apps which permits shoppers to journey and pay hassle-free globally. The cross-border answer has additionally enabled merchants to broaden their cross-border client engagement and digital advertising.
Alipay+ has signed a number of in depth regional partnerships together with collaborations with nationwide QR schemes corresponding to Singapore’s SGQR, Malaysia’s PayInternet, South Korea’s ZeroPay, Sri Lanka’s LankaPay and Cambodia’s KHQR. As introduced late final yr, Malaysia’s DuitNow QR merchants can settle for funds from 8 Asian eWallets through Alipay+ which embrace Alipay, AlipayHK, HelloMoney, Hipay, MPay, Naver Pay, Toss Pay and TrueMoney. — eNM
