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16.01.2019.

Hong Kong online payments xafs

proving a tough nut for AlipayHK to crack
AlipayHK experienced 1 million users in March, but saw a 50 for every cent surge in growth to one.5 million customers by the end of June. The company is a joint venture in between tycoon Li Ka-shing?¡¥s conglomerate CK Hutchison Holdings and Ant Economical, e-commerce giant Alibaba?¡¥s economic affiliate. Alibaba owns the South China Early morning publish.
But AlipayHK faces competition from other providers as well as a mature payments xafsplace in Hong Kong, dominated with the city?¡¥s home-grown Octopus stored-value card. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021.
?¡ãThe Octopus card was very innovative, allowing people to store revenue on a card and pay out for the MTR or 7-Eleven. But this was so popular that it hurt innovation,?¡À stated Shaun Rein, managing director of China Current xafs Research Group. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021.
?¡ãEverybody in Hong Kong has a credit or debit card, so there isn?¡¥t a pressing need to figure out a new form of payments process, since what they had worked, while Hong Kong is also so convenient that e-commerce hasn?¡¥t taken off in any meaningful way, so there also isn?¡¥t a need for online or mobile payments to take off,?¡À he stated. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021.
Adding to the difficulty are concerns more than information privacy due to the fact of a perceived connection amongst AlipayHK and its mainland China peer Alipay, as AlipayHK discovered in a very recent survey it commissioned in Hong Kong. The survey found that only 30 per cent with the 1,049 respondents experienced experience of cell payments, while in excess of 55 for each cent expressed worries more than ?¡ãpersonal data leakage?¡À. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021.
?¡ãIn general, Hongkongers are still not comfortable with using Chinese apps,?¡À explained Kitty Fok, managing director of IDC China. Although AlipayHK is usually a separate app in the mainland version, consumers may not differentiate in between the two simply because with the ?¡ãAlipay?¡À branding, she reported.
Jennifer Tan, chief executive of AlipayHK, acknowledged the concerns, but mentioned that Hong Kong people were labouring less than a misconception.

 

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