#FinTech #Payment #hkuspace #Cyberport #Alipay #Octopus #Mastercard HKUSPACE Open Day featured a great fourm on mobile payment innovation, adoption and challenge in Hong Kong. Bosco Lin from #Alipay HK, Sunny from #Octopus, Helena Chen from #Mastercard joined the forum with a few hundred audiences. I shared the FinTech landscape first and then we discussed the current adoption, latest technologies, cybersecurity, data privacy in the mobile payment era. The guests gave a very balanced view on the topic as they are coming from Hong Kong, mainland China and the US.

Cash and coins are still playing a key role in Hong Kong and that’s where mobile payment can add the most values on. When I asked the guests, “Are you guys competitors?”, what do you think how they responded? They said they in fact give more options to citizens and merchants, such as QR code and NFC. It is too early to compete until the adoption of mobile payment is getting higher in Hong Kong.

Hong Kong has been improving in terms of FinTech adoption. With mobile payment is getting more success, so will the other FinTech areas such as alternative financing, robo-advisor, etc. Regulators will launch faster payment, open API, virtual bank, etc. Thanks to all the guests and hkuspace.

Nov 2017

Startup launches UnionPay card payment service for HK taxis

Hong Kong commuters can now use their UnionPay cards to pay for taxi fares.

One2Paid, a cashless payment solution startup under local fintech company CamClaim, has partnered with UnionPay International, China Mobile Hong Kong, K&R International and JetSet Taxi to provide the mobile payment service.

Read More: http://www.ejinsight.com/20171113-startup-launches-unionpay-card-payment-service-for-hk-taxis/

Nov 2017

WhatsApp, which is owned by Facebook, has been developing a peer-to-peer (P2P) payment service for India that it plans to introduce in December, according to Factor Daily.

This will be the first time the global messaging app is introducing the payments feature anywhere in the world.

Read More: http://www.ejinsight.com/20171106-whatsapp-to-add-payments-in-messaging-app-in-india/

Nov 2017

Tencent Holdings-backed WeChat Pay is ramping up its expansion outside mainland China with new initiatives to extend the use of its mobile payment services to taxis and merchants in Hong Kong.

WeChat Pay Hong Kong unveiled a series of payment solutions for daily transactions, announcing that its service can now be used to pay for taxi fare and settle bills in the city.

Read More: http://www.ejinsight.com/20171101-wechat-pay-hk-launches-expanded-features-for-taxi-payment/

The 3rd Episode of HK FinTech Series at Metro Finance Radio Channel Features TNG’s Founder and CEO, Mr. Alex Kong (江庆恩) Alex Kong (江庆恩) founded TNG https://lnkd.in/fUTF-yJ – a leader in the eWallet market. TNG is a Cyberport’s incubatee and now has business all over Asia. TNG’s current valuation is over 500M USD. They just raised 115M USD in their Round A exercise. If you would like to learn more from Alex as well as understand the payment market and entrepreneurship experience in Asia, you don’t want to miss this air time of Alex.

Part 1 (Nov 5, 2017) https://lnkd.in/fMqde2x

Part 2 (Nov 5, 2017) https://lnkd.in/f2ccKMM

This series will be featured with FinTech leaders and will be broadcasted every Sunday from 1pm to 2pm at the Hong Kong Metro Finance Radio Station. Previous 2 episodes can be found here. https://lnkd.in/fNCkeSn