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Tencent Ali in Hong Kong to start a mobile payment wars microblogging burn hundreds of millions of Hong Kong dollars a month

via:CnBeta     time:2018/3/8 22:31:05     readed:576

WeChat payment promotion in Hong Kong is very strong. In February, WeChat Pay HK provided a subsidy of HK$10 to McDonald's orders of more than HK$25 per meal, and also distributed red packets worth about HK$10 million during the Chinese New Year.

The red envelope battle between WeChat and Alipay has become the most popular game for Chinese users during the New Year. This year, the two companies together issued a total of 1.2 billion yuan in red envelopes.

All eyes are now watching Alipay Hong Kong, a 50% -owned company owned by Alibaba Group and HGC. On Thursday, the company launched a special event aimed at promoting the popularity of mobile payments in Hong Kong.

Compared with the Mainland of China, mobile payment is still in its infancy in Hong Kong. In the Mainland, mobile payment can solve almost everything from eating to driving. Even even beggars use this P2P payment system.

In the vast territory of China, mobile payment is the most convenient method of payment. In China, the largest amount of banknotes is only 100 yuan, and few people use credit cards.

With Alipay and WeChat payment deciding to grow in Hong Kong, the area dominated by credit cards is likely to see dramatic changes. However, the two companies also face a strong competitor, that is, Octopus. Its stored-value card is one of the most common means of payment for commuters and shopping in Hong Kong.

A survey by JD Power, an international marketing information services provider, shows that while users may be happy with WeChat payments, it seems to be losing Alipay in terms of usage.

The survey shows that in terms of user satisfaction, WeChat payment beat Alipay with a slight margin and scored 7.7 with a total of 10 points. However, of the 2371 respondents, only 8% paid using WeChat.

In contrast, nearly 30% of them use Alipay, the highest ranking of all mobile wallet.

But with itTencentAnd Alibaba have in the Hong Kong market force, the situation will certainly change. let us wait and see.


Ali Cloud

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