Alipay goes live in Hong Kong
[BY]
Caroline Kong
[Category]
E-commerce
[DATE]
Jun 30, 2017
AlipayHK, Alibaba's smartphone payment app, is expanding in Hong Kong, allowing users to top up accounts in local currency at 2,000 convenience stores. With support for both yuan and Hong Kong dollars, AlipayHK aims to grow its consumer base despite Hong Kong's competitive payment landscape.
Supporting an astounding 8.5 million daily transactions in China, the payment-by-smartphone app from Alibaba is taking its first step to offering non-yuan payment options in Hong Kong. The launch of AlipayHK allows users to top up their account in local currency by showing the in-app QR code and paying cash at convenience stores across the territory. It is now available at 2,000 and counting stores, with some 8,000 previously accepting the yuan-based app also giving green light to Hong Kong dollars. Despite Hong Kong’s long history with electronic payments, AlipayHK is still optimistic towards expanding their consumer base.