Payments Archives - Fintech Hong Kong https://fintechnews.hk/payments/ - FintechNewsHK Tue, 11 Nov 2025 06:37:37 +0000 en-US hourly 1 Tencent Launches TenPay Global Checkout for Weixin Mini Programs in SG, Macau https://fintechnews.hk/36381/payments/tencent-tenpay-checkout-sg-macau/ Tue, 11 Nov 2025 06:31:22 +0000 https://fintechnews.hk/?p=36381 Tencent has launched TenPay Global Checkout, a new payment solution for Weixin Mini Program merchants operating internationally, allowing them to accept a range of local payment methods. With a single integration, overseas merchants can support multiple payment options, including digital wallets, local real-time payment networks, and credit and debit cards. Users outside mainland China can [...]

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Tencent has launched TenPay Global Checkout, a new payment solution for Weixin Mini Program merchants operating internationally, allowing them to accept a range of local payment methods.

With a single integration, overseas merchants can support multiple payment options, including digital wallets, local real-time payment networks, and credit and debit cards.

Users outside mainland China can pay within the app using familiar local methods.

The rollout begins in Singapore and Macau, where merchants can now accept credit and debit cards, PayNow, and BOCPAY(MO) via TenPay Global Checkout on the Weixin Official Accounts Platform.

Expansion to additional markets, including Japan, Australia, and New Zealand, is planned.

Mini Programs are lightweight applications within Weixin that allow users to shop, pay, and access services without downloading additional apps.

Source: Tencent
Source: Tencent

There are over 1 million monthly active users of Weixin Mini Programs in markets such as Singapore, Japan, Australia, and New Zealand, with services available across 92 countries and regions.

Wenhui Yang
Wenhui Yang

“By enabling overseas Weixin Mini Program merchants to accept trusted and diversified local payment methods through one unified solution, users benefit from a more convenient and efficient payment experience. This helps merchants improve payment conversion rates, expand their user base, and scale their businesses to serve a broader range of customers,”

said Wenhui Yang, CEO of TenPay Global (Singapore).

TenPay Global said it remains committed to building secure, user-centric payment experiences that support merchants’ growth and allow consumers to transact confidently worldwide.

 

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik

This article first appeared on Fintech News Singapore

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JCB and Agoda Partner to Boost Inbound Travel to Japan https://fintechnews.hk/36303/fintechjapan/jcb-agoda-partnership-inbound-travel-japan/ Fri, 07 Nov 2025 03:25:57 +0000 https://fintechnews.hk/?p=36303 JCB International, the international arm of JCB and Agoda have entered into a three-year partnership, announced during the 18th JCB World Conference. Running from April 2026 to March 2029, the MoU outlines a plan to use data-driven insights to attract new customers, refine marketing strategies, and explore new communication channels to engage inbound travellers to [...]

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JCB International, the international arm of JCB and Agoda have entered into a three-year partnership, announced during the 18th JCB World Conference.

Running from April 2026 to March 2029, the MoU outlines a plan to use data-driven insights to attract new customers, refine marketing strategies, and explore new communication channels to engage inbound travellers to Japan.

The collaboration includes joint campaigns and co-marketing initiatives aimed at improving customer experience and encouraging greater use of JCB cards.

Masaki Yokawa
Masaki Yokawa

“We are proud to partner with Agoda to deliver greater benefits to JCB cardmembers,”

said Masaki Yokawa, President and CEO of JCB International.

“This partnership enables us to share timely, relevant information that aligns with customers’ travel plans, making their journeys more rewarding.”

JCB cardmembers will gain access to exclusive discounts and offers on Agoda in key markets including Taiwan, China, Hong Kong, the Philippines, South Korea, Indonesia, Thailand, Vietnam, and India.

Current promotions provide up to 12% off hotel bookings through dedicated Agoda pages.

In early 2025, Japan was Agoda’s most searched destination, with a 35% rise in searches, reflecting sustained interest in travel to the country.

Damien Pfirsch
Damien Pfirsch

“Agoda and JCB share a commitment to making travel more rewarding and accessible for customers across Asia,”

said Damien Pfirsch, Chief Commercial Officer of Agoda.

“By combining Agoda’s technology and reach with JCB’s strong brand and customer base, we aim to enhance inbound travel to Japan and deliver meaningful benefits to travellers.”

 

Featured image credit: JCB

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Stripe and NEC Explore Integration of Face Recognition Payments https://fintechnews.hk/36298/fintechjapan/stripe-nec-face-recognition-payment-integration/ Fri, 07 Nov 2025 02:19:30 +0000 https://fintechnews.hk/?p=36298 Stripe and NEC Corporation have begun exploring the integration of the Stripe Reader S700 payment terminal, part of the unified commerce solution Stripe Terminal, with NEC’s face recognition payment service. The collaboration aims to combine Stripe’s payment infrastructure with NEC’s facial recognition technology, known for its high authentication accuracy*, to enable secure, hands-free payments and [...]

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Stripe and NEC Corporation have begun exploring the integration of the Stripe Reader S700 payment terminal, part of the unified commerce solution Stripe Terminal, with NEC’s face recognition payment service.

The collaboration aims to combine Stripe’s payment infrastructure with NEC’s facial recognition technology, known for its high authentication accuracy*, to enable secure, hands-free payments and improve customer convenience.

The face recognition payment experience will be demonstrated using the Stripe Reader S700 at the Singapore Fintech Festival from 12 to 14 November.

Stripe Terminal is a unified commerce solution that connects in-store and online payments through a single platform, offering real-time customer insights across channels.

Available in 25 countries, the Wi-Fi-enabled Stripe Reader S700 supports both countertop and handheld use and is designed for ease of operation.

Daniel Heffernan
Daniel Heffernan

“Through this collaboration, Stripe is proud to support NEC’s world-renowned face recognition technology, enabling its use for payments through our unified commerce solution, Stripe Terminal,”

said Daniel Heffernan, Product Lead of Stripe Japan.

“By taking this step, we aim to enhance the shopping experience for consumers around the world.”

Kazuhisa Shimizu
Kazuhisa Shimizu

“NEC is confident that the advanced customisability of the unified commerce solution Stripe Terminal will help to address a wide range of challenges in face-to-face payment scenarios,”

said Kazuhisa Shimizu, Corporate Senior Vice President and Managing Director of NEC’s Financial Solutions Division.

“By combining NEC’s face recognition technology with Stripe’s global payment platform, we aim to provide a new payment experience and create a world where everyone can safely and conveniently use digital technology.”

 

Featured image credit: NEC

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XTransfer Partners with Bank SinoPac HK to Expand Cross-Border Payment Services https://fintechnews.hk/36295/hong-kong-fintech-week-news/xtransfer-bank-sinopac-partnership/ Thu, 06 Nov 2025 09:10:28 +0000 https://fintechnews.hk/?p=36295 XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international operations and provide SMEs with comprehensive cross-border financial solutions. The partnership was formalised with the signing of a memorandum of understanding between XTransfer Founder and CEO Bill Deng and Bank SinoPac Hong Kong Branch Chief Executive Lin Chia [...]

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XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international operations and provide SMEs with comprehensive cross-border financial solutions.

The partnership was formalised with the signing of a memorandum of understanding between XTransfer Founder and CEO Bill Deng and Bank SinoPac Hong Kong Branch Chief Executive Lin Chia Yun during Hong Kong FinTech Week 2025.

Under the agreement, the two parties will work together to strengthen XTransfer’s cross-border payment capabilities.

In the first phase, with support from Bank SinoPac Hong Kong Branch’s network and services, XTransfer will offer over 700,000 clients access to Global Accounts, Local Currency Accounts, and foreign exchange (FX) services.

The collaboration also plans to expand into Vietnam, Taiwan, and other markets, enabling customers to settle foreign currency proceeds to mainland China.

Through the Local Currency Accounts service, XTransfer clients can receive payments directly from buyers in their respective currencies, reducing foreign exchange losses caused by intermediary bank conversions.

Buyers can also make payments in their local currencies, lowering remittance costs and improving transaction efficiency and cash flow.

Bill Deng said,

XTransfer Bill Deng“By strengthening local collection and multi-currency settlement capabilities, we aim to make cross-border payments faster, cheaper, and more reliable for SMEs while maintaining strong compliance and risk management standards.”

Lin Chia Yun commented,

“This collaboration with XTransfer reflects our shared commitment to creating value for businesses. Through joint efforts, we aim to deliver improved services and experiences for our clients and continue exploring further cooperation opportunities.”

 

Featured image credit: XTransfer

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HeyMax Debuts in Hong Kong, Partnering with Cathay to Drive Regional Growth https://fintechnews.hk/36272/payments/heymax-hong-kong/ Wed, 05 Nov 2025 03:27:13 +0000 https://fintechnews.hk/?p=36272 Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cathay to connect more users and merchants across the region. The Singapore-based company said the move supports its goal of building Asia’s leading open loyalty ecosystem. The expansion follows its July acquisition of Hong Kong fintech firm krip and is part of [...]

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Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cathay to connect more users and merchants across the region.

The Singapore-based company said the move supports its goal of building Asia’s leading open loyalty ecosystem.

The expansion follows its July acquisition of Hong Kong fintech firm krip and is part of plans to quadruple its team and strengthen regional partnerships.

HeyMax reported fivefold year-on-year revenue growth and an annualised revenue run rate of US$6 million as of May.

It aims to reach one million users and issue over two billion Max Miles across the region by the end of 2026.

Hong Kong users can now earn Max Miles through more than 300 merchants including Watsons, Trip.com, Klook, Starbucks, and foodpanda, and redeem them for flights, hotels, and rewards from over 30 loyalty programs such as Cathay, ALL Accor, and Qatar Airways.

Cathay members in Hong Kong and Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam, can convert Max Miles into Asia Miles and redeem them for flights on Cathay Pacific, partner airlines, and over 800 partners worldwide.

HeyMax’s FlyAnywhere feature lets users redeem Max Miles for any flight on any airline worldwide.

Users can also earn miles when purchasing digital vouchers from local retailers such as HKTVmall, 7-Eleven, JHC, and Starbucks.

The company is working with regional partners including MoneyHero, Octopus, Preferrd, and Visa, which are integrating Max Miles into their rewards and customer engagement programs.

Joe Lu
Joe Lu

Joe Lu, CEO and Co-founder, HeyMax, said,

“As one of the world’s leading travel hubs, Hong Kong plays a pivotal role in connecting global travellers. With both strong outbound and inbound demand, it’s a key market in building our global traveller network.

HeyMax is well-positioned to help consumers turn everyday spending into meaningful travel experiences, while enabling businesses in Hong Kong to tap into the travel economy as a powerful way to engage their customers and members.”

Jonathan Ng
Jonathan Ng

“As a premium travel lifestyle brand, partnering with HeyMax enables us to further strengthen our lifestyle ecosystem beyond our home hub of Hong Kong, giving our community of travellers across Southeast Asia more ways to turn everyday spending into meaningful travel experiences.

This partnership reflects our ongoing commitment to delivering greater flexibility, value, and choice to our members, wherever they are in their travel journey.”

said Jonathan Ng, Cathay Regional Head of Customer Travel & Lifestyle for Southeast Asia and Oceania.

 

Featured image: Edited by Fintech News Singapore, based on image by Freepik

 

This article first appeared on fintechnews.sg

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XTransfer, SPD Bank Hong Kong Partner on Cross-Border Finance https://fintechnews.hk/36241/hong-kong-fintech-week-news/xtransfer-spd-bank-hk-cross-border/ Tue, 04 Nov 2025 09:01:54 +0000 https://fintechnews.hk/?p=36241 XTransfer and Shanghai Pudong Development Bank, Hong Kong Branch (SPD Bank) have announced a collaboration on cross-border financial services, formalising a strategic cooperation agreement. The partnership will focus on payment and collection solutions, transaction processing, and cash management for SMEs engaged in foreign trade. Following a previous agreement with SPD Bank’s Shanghai Branch in September, [...]

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XTransfer and Shanghai Pudong Development Bank, Hong Kong Branch (SPD Bank) have announced a collaboration on cross-border financial services, formalising a strategic cooperation agreement.

The partnership will focus on payment and collection solutions, transaction processing, and cash management for SMEs engaged in foreign trade.

Following a previous agreement with SPD Bank’s Shanghai Branch in September, this collaboration extends to the Hong Kong Branch.

The memorandum of cooperation was signed at the XTransfer booth during Hong Kong Fintech Week.

Under the partnership, XTransfer clients will have access to services including “Global Accounts,” “Local Currency Accounts,” transaction processing, and cash management through SPD Bank’s Hong Kong branch.

Initial cooperation will focus on the Chinese Mainland and Hong Kong, with plans to expand to additional regions over time.

Bill Deng, Founder and CEO of XTransfer said,

XTransfer Bill Deng“By combining SPD Bank’s expertise and resource advantages in cross-border finance with XTransfer’s global network and technological capabilities, we can further strengthen end-to-end transaction processing and compliance governance, providing SMEs with integrated cross-border financial infrastructure.”

Zhu Jun, Deputy Chief Executive Officer of SPD Bank added,

“SPD Bank will continue to collaborate closely with XTransfer, aiming to enhance our cross-border financial service system, providing more convenient and reliable financial support for Chinese enterprises expanding globally.”

The two parties plan to further collaborate on local accounts, multi-currency settlement, compliance and risk control, and interconnection of global payment and collection networks to support cross-border trade finance for SMEs.

 

Featured image credit: XTransfer

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ZA Bank Launches StockBack Visa Card https://fintechnews.hk/36222/payments/za-bank-stockback-visa-card/ Tue, 04 Nov 2025 07:11:52 +0000 https://fintechnews.hk/?p=36222 ZA Bank has launched the StockBack x ZA Card, a Visa card to offer stock rebates on eligible purchases. The card allows users to earn stocks as a rebate on every eligible transaction, credited directly to their investment account. Users can activate the StockBack x ZA Card via the ZA Bank App with a single [...]

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ZA Bank has launched the StockBack x ZA Card, a Visa card to offer stock rebates on eligible purchases.

The card allows users to earn stocks as a rebate on every eligible transaction, credited directly to their investment account.

Users can activate the StockBack x ZA Card via the ZA Bank App with a single tap.

Eligible transactions start from HKD 10, and users may select preferred stocks, including AAPL, TSLA, and NVDA, as their rebate.

Rebated stocks are automatically redeemed each Monday and credited to the user’s investment account, with no fees for redemption or subsequent transactions.

During the promotion period, the first 30,000 participants can receive up to a 50% stock rebate on designated merchant categories, including fast-food restaurants in November 2025, coffee shops in December 2025, and transportation in January 2026, subject to a rebate cap of HKD 200 per person.

In addition, users receive a 2% stock rebate on all eligible transactions during the promotion, which continues at 1% beyond the period.

New customers entering the invitation code “STOCKBACK” when opening a ZA Bank savings account receive spending rebate coupons worth HKD 200 and an extra 1% stock rebate within 30 days of account opening.

Corey Chu, Head of Retail Loan and Card at ZA Bank, said:

Corey Chu ZA Bank
Corey Chu

“Through this innovation, we aim to bring our customers unique experience in every purchase. Our role is to go the extra mile for our users’ future, and we look forward to walking alongside them and growing together.”

 

 

 

 

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik

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Aspire and Stripe Partner to Streamline Cross-Border Payments for HK Businesses https://fintechnews.hk/36186/payments/aspire-stripe-partnership/ Tue, 04 Nov 2025 04:13:43 +0000 https://fintechnews.hk/?p=36186 Aspire, a Singapore-based all-in-one finance platform for modern businesses, has announced a partnership with global programmable financial services provider Stripe to offer faster and more flexible payment solutions for businesses in Hong Kong. Through the new integration, Aspire users can collect payments from clients in Hong Kong, mainland China, and overseas via credit cards, digital [...]

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Aspire, a Singapore-based all-in-one finance platform for modern businesses, has announced a partnership with global programmable financial services provider Stripe to offer faster and more flexible payment solutions for businesses in Hong Kong.

Through the new integration, Aspire users can collect payments from clients in Hong Kong, mainland China, and overseas via credit cards, digital wallets such as Alipay, Weixin Pay (WeChat Pay), Apple Pay, and Google Pay, as well as SEPA Direct Debit.

Customers can pay in multiple global and Asian currencies, including USD, EUR, and TWD, supporting businesses with international clients and cross-border transactions.

Cash flow remains a key challenge for Hong Kong’s small businesses, with 52% of B2B sales paid late and overdue invoices typically taking a month beyond agreed terms to settle.

The Aspire–Stripe integration seeks to address this by enabling users to access revenue in as little as three days, compared to the industry average of seven.

Andrea Baronchelli
Andrea Baronchelli

“Hong Kong is a gateway to Asia and its businesses deserve modern financial solutions that match their global ambitions,”

said Andrea Baronchelli, CEO and co-founder of Aspire.

“Our partnership with Stripe gives founders the ability to accept payments via digital wallets, card payments and direct debit across borders and currencies, while improving their cash flow in the process.”

Aspire users can also issue invoices or payment links in multiple currencies, including HKD, CNY, USD, EUR, and GBP, allowing clients to pay directly via card or digital wallet.

 

Featured image credit: Edited by Fintech News Hong Kong, based on image by lifeforstock via Freepik

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WeChat Pay HK Taps Thunes for Faster, Cheaper Cross-Border Transfers https://fintechnews.hk/36163/payments/wechat-pay-hk-thunes/ Tue, 04 Nov 2025 02:41:40 +0000 https://fintechnews.hk/?p=36163 Thunes has partnered with WeChat Pay HK, the Hong Kong dollar–denominated e-wallet, to enable faster, more affordable, and dependable cross-border money transfers for Hong Kong users. The collaboration supports real-time outbound transfers to billions of endpoints worldwide through Thunes’ extensive global network. The partnership builds on Thunes’ ongoing relationship with Tencent, WeChat Pay HK’s parent [...]

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Thunes has partnered with WeChat Pay HK, the Hong Kong dollar–denominated e-wallet, to enable faster, more affordable, and dependable cross-border money transfers for Hong Kong users.

The collaboration supports real-time outbound transfers to billions of endpoints worldwide through Thunes’ extensive global network.

The partnership builds on Thunes’ ongoing relationship with Tencent, WeChat Pay HK’s parent company.

In 2022, Thunes became the first payment network partner to connect with Tencent Financial Technology, enabling international transfers to users in mainland China.

WeChat Pay HK users can now send money to markets including Southeast Asia, Europe, and Australia, benefiting individuals such as expatriates who rely on remittances.

According to Thunes’ 2025 Money Without Borders Report, 65% of expatriates prioritise speed above all else when choosing a remittance method.

Statista data shows outbound remittances from Hong Kong are projected to reach US$1.1 billion in 2025, growing at an annual rate of 5% to about US$1.45 billion by 2030.

Daphne Huang
Daphne Huang

“We are thrilled to deepen our collaboration with WeChat Pay HK in enabling their users to send money across borders faster and more affordably.

Together, we’re simplifying and streamlining the remittance process for millions of people, ensuring seamless, cost-effective cross-border transfers around the clock.”

said Daphne Huang, Chief Government Affairs Officer at Thunes.

Chloe Mayenobe
Chloe Mayenobe

“Thunes’ collaboration with WeChat Pay HK is another powerful example of how we’re enabling seamless, instant, and affordable cross-border payments for a leading brand, connecting more people across markets and making global instant, dependable cross-border payments more accessible than ever.”

said Chloe Mayenobe, President and Chief Operating Officer at Thunes.

 

 

Featured image: Edited by Fintech News Hong Kong, based on image by itzabshubo via Freepik

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Hang Seng Bank Launches “JustPay” with Voice Recording Payment Feature https://fintechnews.hk/36083/payments/hang-seng-bank-justpay-launch/ Wed, 29 Oct 2025 02:14:42 +0000 https://fintechnews.hk/?p=36083 Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function. The platform includes “Sweet Pay”, which enhances cross-bank transfers with animations and text messages, providing an interactive and instant money transfer experience. Built on Hong Kong’s Faster Payment System (FPS), JustPay enables customers to transfer funds instantly to friends and [...]

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Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.

The platform includes “Sweet Pay”, which enhances cross-bank transfers with animations and text messages, providing an interactive and instant money transfer experience.

Built on Hong Kong’s Faster Payment System (FPS), JustPay enables customers to transfer funds instantly to friends and family.

The service is integrated into the Hang Seng Mobile App, allowing secure and convenient transfers across banks and digital wallets.

Rannie Lee, Head of Wealth and Personal Banking at Hang Seng Bank, said,

Rannie Lee
Rannie Lee

“By anticipating customer needs, we develop innovative solutions that seamlessly integrate banking services into their daily lives. Our new ‘JustPay’ service is a prime example, transforming a functional payment service into a personalised experience with a warm touch.”

JustPay allows customers to make payments directly from their existing Hang Seng HKD bank accounts without the need for additional applications or manual top-ups.

Users can simply access the Hang Seng Mobile App, tap the JustPay icon, and swipe up to select a payee from their favourites list for an instant transfer.

The “Sweet Pay” feature lets users attach personalised voice recordings and animated greetings to their payments, while the “Split bill” function enables easy sharing of expenses by automatically dividing amounts among contributors and generating themed QR codes for quick payments.

 

Featured image credit: Edited by Fintech News Hong Kong, based on image by freepik

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