![]() Tencent’s WeChat Pay HK, launched in 2018, is the electronic wallet for Hong Kong users of Chinese instant messenger app WeChat, and it supports cross-border transactions between Hong Kong and the mainland.Īs of 20, Alipay HK and WeChat Pay HK have each accumulated five million registered users, according to Alipay HK and a Tencent spokesperson. For Hong Kong customers who do not have a bank account in mainland China, it is the only way to pay for goods on Taobao, China’s biggest online shopping platform. It required Hong Kong residents to collect their handouts using four designated e-payment platforms: Alipay HK, WeChat Pay HK, Tap & Go and Octopus card.Īlipay HK, which is a subsidiary of mainland Chinese multinational Alibaba Group’s Alipay, was established in 2017 and later held by affiliate company Ant Group. The Hong Kong government rolled out the first round of consumption vouchers – HK$5,000 for each eligible resident – to boost the local economy amid the Covid-19 pandemic in 2021. HKFP delved into the public data released by the companies, while speaking to young Hongkongers about their views on the apps, to find out how these Chinese platforms managed to succeed in a city where businesses with ties across the border were once boycotted by pro-democracy protesters. But now, you can expect to see QR codes inviting you to pay using Alipay HK or WeChat Pay HK whenever you enter a restaurant in the city. The two apps were already popular within certain sections of society, including mainland Chinese students studying in Hong Kong or business owners who needed to work in the mainland. ![]() ![]() How China's Alipay and WeChat Pay became the most popular e-payment apps in Hong Kong - Hong Kong Free Press HKFP Close
0 Comments
Leave a Reply. |