PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, aims to extend its Tap & Go mobile payment beyond Hong Kong.
The Operator, in partnership with DHQ Tech is exploring the technology and regulatory viability of a multi-currency Tap & Go mobile payment system in the Greater Bay Area of Zhuhai in Hong Kong and Macau in order to boost e-commerce, business trade and tourism in the region.
The Tap & Go service is currently provided in Hong Kong through HKT Payment, a member of HKT Group. Tap & Go enables cashless transactions between consumers and merchants using a mobile phone app.
The process makes use of either an all-in-one SIM in an NFC-enabled mobile phone or an NFC-enabled Tap & Go Card.
In Hong Kong, Tap & Go account can receive top-up funds via inter-account transfers from over 40 designated banks, via credit card or manually using cash at local top-up locations, of which there are over 2,000 in Hong Kong alone.
Users can make payments via POS devices, using QR codes, in-app for transactions involving both web-based and traditional “bricks-and-mortar” stores. For money transfers, Tap & Go supports instant peer-to-peer money transfer and traditional primary to subsidiary card relationships, as well as integration with management systems at schools, large-scale housing estates or clubs.
Frederick Chui, SVP of Global Data Sales and Presales, PCCW Global
Our collaboration with DHQ Tech will enable Tap & Go users to pay for goods and services regardless of where in the world they originate from, or in which currency they wish to pay. Having to convert between currencies is an inconvenience for tourists and business traders.
