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WeChat Opens Mainland Mobile Payment Service to Hong Kong Users since October

via:博客园     time:2018/9/26 19:01:23     readed:411

On the afternoon of September 26, with the support of the People's Bank of China and the Hong Kong Monetary Authority, WeChat Hong Kong Wallet announced that it would be the first Hong Kong stored value payment instrument licensee to provide Hong Kong users with mobile payment services in the Mainland.

Since October, Hong Kong users who use the latest version of WeChat can use WeChat to buy high-speed rail tickets, taxis, meals, etc. in the Mainland. When the user pays, WeChat Hong Kong Wallet will automatically convert the amount of RMB paid to the corresponding HKD amount, and the user can pay through the wallet balance, the bound credit card or the Hong Kong dollar in the bank card.

According to reports, in the field of cross-border payment, Hong Kong users will be able to use WeChat Hong Kong wallet for payment in the mainland merchants in the future, achieving “two-way cross-border payment”.

After almost everyone in the mainland is accustomed to using mobile phone mobile payment, the giants will begin to expand the territory, and Hong Kong is the battleground for the military. On September 17, the Hong Kong Monetary Authority announced the launch of the fast payment system “fast speed”, Alipay, WeChat payment and other company access systems in Hong Kong.

Prior to this, Alipay has entered many supermarkets and chain stores in Hong Kong, and WeChat Hong Kong wallet has also begun to provide users with small transfers, offline payments, red envelopes and other functions.

However, for the people of Hong Kong, mobile payment using mobile phones does not seem to be very attractive. According to a survey conducted by the Hong Kong Productivity Council, the most commonly used payment channels for Hong Kong people in the past year are still cash (99%) and Octopus (97%), while mobile payment is only 20%.

According to a recent survey conducted by the Hong Kong Internet Registration and Management Corporation, Hong Kong people are expecting and worrying about mobile payments, mainly worrying about network security and personal privacy.

As far as the WeChat action is concerned, it will help to further popularize Hong Kong users in the Hong Kong user community by facilitating shopping for Hong Kong users in the Mainland. As long as the frequency of use rises, it will naturally develop the user's habits.

The actual giant layout is not only about payment, but also more financial business is accelerating. At the end of August, the Hong Kong Monetary Authority received applications for virtual banking licenses submitted by 29 institutions. Tencent, Xiaomi, Zhong'an and Yanfu were among the applicants.

In Tencent, Gaochun and Tencent jointly established the fund company Gaoteng International Asset Management Co., Ltd. Recently, the company was approved by the Hong Kong Securities Regulatory Commission No. 4 and No. 9 to set up private equity funds, public funds, and securities investment advisory services in Hong Kong and other qualified overseas regions.

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