However, the local payment method had only garnered around 3.6 million users in 2022, as stated it its annual results announcement. Instead of offering QR code payment services like Alipay HK and WeChat Pay HK, Tap & Go can be used as a virtual debit card that supports contactless transactions. The main rival to Alipay HK and WeChat Pay HK is the local digital wallet Tap & Go developed by Hong Kong Telecom, one of the largest local telecommunications companies in the city, in 2015. This means that approximately 67 per cent of residents have signed up for these platforms, although some users may be double-registered or tourists.Ī sign at a jewellery store stating that consumption vouchers can be used for purchase. 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. The agreement is part of Tencent's efforts to promote the globalization of mobile payments, said the Shenzhen-based firm's Vice-President Zhang Ying, adding that Hong Kong Disneyland was the first amusement park to be covered by WeChat Pay outside China.How China's Alipay and WeChat Pay became the most popular e-payment apps in Hong Kong - Hong Kong Free Press HKFP Close Visitors can use WeChat Pay to cover all facilities and services in the resort, including purchasing tickets, renting baby strollers, storing baggage, and paying for meals. Hong Kong Disneyland hopes the cooperation will bring more convenience for visitors, said the resort's chief executive Samuel Lau, adding that the park aims to leverage WeChat's online presence to reach out to more potential visitors. Visitors from China's mainland will be able to pay with WeChat at over 280 locations within the resort, covering food, accommodation, entertainment and shopping, the firm said in a statement. to become the entertainment giant's official mobile payment partner in the special administrative region. (Yicai Global) May 25 - The Walt Disney Company will introduce WeChat Pay services at its Hong Kong resort following an agreement for Tencent Holdings Ltd.
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