Payment Asia is integrating with PayMe by HSBC to allow its merchant network to accept payments directly from the digital wallet.
The partnership enables businesses using the PA Pay application and Smart POS Terminals to process PayMe transactions.
Merchants will receive real-time transaction data as part of the integration to track sales and monitor operational performance.
PayMe by HSBC currently has a user base of over 3.3 million in Hong Kong.
“We are thrilled to partner with PayMe by HSBC, a widely adopted payment platform in Hong Kong. This integration underscores our commitment to providing innovative and comprehensive payment solutions to our merchants,”
said Paul Tang, Chief Operating Officer at Payment Asia.
“The real-time transaction data provided by our merchant applications and Smart POS Terminals will further equip businesses with valuable insights to make better decisions,”
Tang added.
“Like any forward-looking city, Hong Kong needs a robust digital payment network to support its journey toward becoming a leading smart city,”
said Lawrence Li, Head of Transaction Banking and Payments for Retail Banking and Wealth Management at HSBC Hong Kong, and Head of PayMe by HSBC.
“Achieving this vision requires a sizable ecosystem on both the merchant and customer sides,” Li said.
“Through our partnership with Payment Asia, we hope to play a key role in Hong Kong’s smart city development by helping merchants reach over 3.3 million PayMe users, while connecting our PayMe community to a wider network of merchants,”
Li added.
Payment Asia said it plans to secure further partnerships to build a more comprehensive payment network for businesses in the competitive retail market.
Featured image credit: Edited by Fintech News Hong Kong, based on image by Payment Asia