Unionpay launches cross-border cell payment

company in Hong Kong, Macau because it targets rivals Alipay, WeChat pay back Unionpay QR code services, offered in partnership with five financial institutions and a non-bank fintech organization, enables Unionpay credit or debit cardholders to link their cards with the Unionpay app and settle payments in yuan, Hong Kong dollars and patacas. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021. Sources close to Unionpay stated such cross-currency payment on a single mobile app is initially from the Greater China region. Sector players say Ant Economical and Tencent Holdings, which operate Alipay and WeChat pay out respectively, have not yet introduced very similar services as cellular payment services in China remain distinct from their Hong Kong offerings. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021. The banking companies include the Hong Kong and Macau licensed units of Financial institution of China, Lender of Communications (Hong Kong), China Guangfa Bank?¡¥s Macau branch, Banco Nacional Ultramarino. The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021. The tie-up also extends to K&R Worldwide, a non-bank company that has a stored value facility licence through the Hong Kong Financial Authority.The exclusive right for alipay hong kong will last for one year before three additional providers are added in mid-2021.Related articles:Luxembourg and Hong Kong signal mutualInitially Blockchain-Based RemittanceFund transfers between Alipaypakistani Lender partners withAs Octopus challenges WeChat