AlipayHK “New Retail Experience in Hong Kong” Launch Ceremony
Supports local businesses to optimize mobile payment and improves local people’s livelihoods
(March 8, 2018 – Hong Kong) Since its launch in May 2017, electronic wallet Alipay has accumulated over one million users and reached 10,000 points of sales across the city to date. Alipay Payment Services (HK) Limited (APSHK), the joint venture between CK Hutchison Holdings Limited (CK Hutchison) and Ant Financial Services Group (Ant Financial), is committed to promote AlipayHK in local markets, improving livelihoods by integrating mobile payment into daily lives of the public, as well as bringing local residents a brand new retail experience in Hong Kong.
Supports local businesses to optimize mobile payment and improves local people’s livelihoods
AlipayHK focuses on promoting mobile payment development and finding suitable scenes to integrate mobile payment with four major daily necessities of Hong Kong citizens: clothing, food, housing and transportation. Apart from paying electricity and telephone bills at convenience stores, either in person or by apps, local people can now use electronic wallet at businesses such as wet markets, designated MTR stations, taxis, gashapon machines, and even public institutions and attractions such as the Wong Tai Sin Temple. In the next 12 months, AlipayHK will continue to focus on recruiting small and medium-sized businesses in Hong Kong, making Hong Kong residents’ lives more convenient.
Jennifer Tan, CEO of APSHK Joint Venture stated that “We hope to bring Hong Kong people to the new era of financial technology. Our new slogan ‘Embracing SMART Living’ reflects this. SMART represents five major elements: Secure, Multiple Use Cases, Anywhere, Reward and Technology. We believe these five elements allow people to use their electronic wallet worry-free.”
Joint venture created by Ant Financial and CK Hutchison brings local residents all-round services
CK Hutchison and Ant Financial announced the formation of a joint venture on September 26, 2017. The goal of this collaboration is to quickly and efficiently improve the service via the vast network and promotion experience of CK Hutchison. On the other hand, through leveraging the leading technology of Ant Financial, AlipayHK will be able to promote and provide much more discounts to users.
Eric Jing, CEO of Ant Financial, said: “We are seeking strategic partners around the world to provide more opportunities for individuals and small companies. In Hong Kong, we are happy to collaborate with CK Hutchison to build up AlipayHK for Hong Kong citizens. Alipay can be a payment tool and a promotional platform at the same time. We hope we can leverage our technological expertise to shorten the distance between retailers and consumers and to create more value for individuals and small companies.”
Canning Fok, Group Co-Managing Director of CK Hutchison, added: We are honoured fintech giant Ant Financial has chosen to partner with us. CK Hutchison businesses provide a wide range of products and services to the people of Hong Kong including retail, telecommunications, public utilities, and housing. Through our many years of business experience, we hope to work together and make AlipayHK more widely adopted, bringing benefit and cheers to consumers and creating value for shareholders.”
Looking forward, Jennifer Tan is confident that Alipay will be the most popular electronic wallet in Hong Kong and an integral part of daily life. AlipayHK will continue its efforts to expand its network and to bring more convenience to Hong Kong people, helping Hong Kong to enter the new era of financial technology.
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