Apple may see limited success in Hong Kong’s mobile payments market

iphone mobile payments NFC technology

Hong Kong could be a very challenging market for Apple to find a foothold in Apple is expected to bring its new mobile payments service, called Apple Pay, to Hong Kong next year, but the company may find limited success in that market. The company has been working with several banks in order to make the payment service available to consumers, but these banks see little promise in Apple Pay when compared to other services that are becoming available. Apple has already found significant success with its payment service in…

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Mobile payments standards released in Hong Kong

Hong Kong mobile payments

Banking association releases standards concerning mobile commerce Mobile payments have been growing rapidly in Hong Kong over the past few years as the number of smartphones and tablets grows. Consumers are showing strong interest in shopping and paying for products using their mobile devices, but there are relatively few standards in place that govern the parties that have invested heavily in mobile commerce. The Hong Kong Association of Banks has moved to change that, issuing a Best Practice of NFC Mobile Payments report. Report based on data collected by financial…

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New mobile commerce platform launched in Hong Kong

NFC technology mobile commerce

Mobile commerce platform launched by 3 Hong Kong and Citibank 3 Hong Kong, the mobile operator for the Hutchison Telecommunications organization, and Citibank Hong Kong have joined together to launch a new mobile wallet service called “3 Citi Wallet.” The mobile wallet is designed to make it easier for used to pay for goods and services using their mobile devices. The platform can store financial information as well as information associated with credit cards, making this data accessible through the use of NFC technology. Demand for mobile commerce is on…

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Mcommerce push made by PayPal proves beneficial to Hong Kong businesses

Hong Kong mobile payments

Merchants in the region could find the company’s mobile services to be highly advantageous. One of the leading online payment companies in the world, PayPal, already boasts 123 million accounts with active users and is now stating that merchants in areas such as Hong Kong could be poised to increase their shipments due to the expansion of the service in order to cater to mcommerce. PayPal has announced that some of these newly included regions are among those experiencing the fastest growth. Online and mcommerce is taking off in areas…

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