The Answer to Grasp Business Opportunities in Cashless Transactions One-stop eBusiness Solution More Than Payment Delivering the E-Commerce Advantages Coming Soon

Electronic Payment Brings You Unlimited Opportunities

Electronic payment solutions are not just limited to traditional credit card payment systems. With the rise of smartphones, e-wallets, QR code, and NFC contactless payment, payment solutions have become more inclusive with many emerging payment gateways.

The government launched the Consumption Voucher Scheme in 2021, which is estimated to represent a total HK$36 billion in revenue for local merchants. On the other hand, technologically, the electronic payment Hong Kong environment is gradually improving as well. Driven by this plan, the penetration rate of cashless payment solutions will certainly increase in the near future. 

Facing the huge potential from payment gateway provider support, many merchants took the opportunity to develop their e-business and look for offline payment gateway service providers in Hong Kong. Therefore, merchants can use a more complete and comprehensive electronic payment HK system to meet the latest needs of their customers. So, it is crucial for merchants to equip themselves with a diverse payment system to develop a successful, next-generation business.

How to Choose a Payment Gateway Provider?

As there are so many solutions for electronic payment in HK, how should merchants choose a dynamic and suitable payment gateway service provider to bring more benefits to their own business? A complete payment solution provider should have the following elements:

1. Diversified Electronic Payment Methods

Our payment system supports a variety of electronic payment Hong Kong programs, including POS, QR code, web page, HTML5, MinProgram payments etc.

2. Safe and Reliable Payment System

Our electronic payment solution is a PCI-DSS standard gateway, which guarantees the transaction and protects the security of cardholders, without risking their personal information.

3. Simple and Easy-To-Use Payment Gateway

From our range of payment solutions, PA Pay is an easy-to-use application with a friendly user interface. We want to provide a convenient payment system from the back end for a seamless customer experience.

4. Payment Gateway Hong Kong Platform that Meets Compliance Requirements

Most payment solution providers are regulated under the Hong Kong Monetary Authority. Electronic payment Hong Kong providers need to follow the guidance of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, as well as the requirements for payment to our instrumentalists, and the Payment Systems and Stored Value Facilities Ordinance, to safeguard merchants and consumers. 

Among Electronic Payment Solution Providers, Why Choose Payment Asia?

We are a well-known and reliable payment solution provider in Hong Kong. We are committed to tailoring the most suitable and reliable payment solutions for merchants, with short settlement periods and affordable fees as a payment gateway provider. In addition, we provide merchants with 24-hour electronic payment customer service, operating throughout the year. No matter if our merchants have questions regarding using the payment system or settlement, we will answer you one by one.

We have accumulated more than 20 years of experience in electronic payment solutions, both in the local and overseas markets. In order to keep up with the rapidly changing market, we are constantly introducing new features to improve our payment solutions, so that merchants can always cope with the fiercely competitive market. Our strategy is to use innovative technology and payment gateway Hong Kong solutions to explore the consumption potential of consumers and convert them into merchant sales volume.

PA Pay Payment Solution

We provide Hong Kong companies with a comprehensive range of payment solutions, including the best-in-class PA Pay. Our products and services include different electronic payment solutions, payment gateway integration, as well as artificial intelligence. With the rise of big data analysis, a Hong Kong payment gateway service provider no longer just passively provides collection and electronic payment Hong Kong solutions like in the past.
Instead, our company will also help developing a comprehensive business payment solution strategy for our merchants, based on their unique business characteristics and the specific needs of individual industries, to help them increase their sales and flourish in this fast-changing business environment.

Our Payment System Products & Services

1. Offline Mobile Payment Gateway

Only one device installed with our PA Pay payment solution is required. It can support electronic payment HK services including offline Alipay, WeChat Pay, UnionPay QuickPass, QR Code and credit card transactions.

2. Online Electronic Payment Solution

Electronic payment technology, as well as payment gateway Hong Kong solutions continue to improve. We provide a secure authentication payment gateway to meet the needs of the business developments of merchants and supply as a reliable payment gateway provider.

3. Southeast Asia Payment Gateway Solution

We are top of the list among payment gateways in HK and SE Asia. As a payment gateway provider, we adapt to the digital developments of the industry. Through our payment system and solutions, merchants in HK and SE Asia can effectively reduce operating costs and maximise their profits.

4. IBAN & Instant Bank Transfer Payment System

We understand the needs of merchants under the current payment gateway HK environment. Merchants can effectively use IBAN as a bank account and electronic payment solution to help hold funds and conduct transactions. 

5. Cryptocurrency Payment System Gateway

There is no doubt that we are living in the digital era, and consumer preferences are changing rapidly. Let us provide you with a payment gateway that bridges the payment solution gap between crypto and fiat currency.

6. Digital Marketing Solutions

We provide more than just payment solutions, and have established a marketing team to analyse the payment gateway Hong Kong market as well as the electronic payment environment through artificial intelligence to help merchants achieve success.

Our strategy is using innovative technology and electronic payment solutions to explore the consumption potential of our customer base and convert it into merchant’s revenue.

About Our Electronic Payment HK Solutions & Services – FAQs:

1. What kind of payment gateway or solution can I apply for?

We provide a variety of electronic payment HK solutions, and can also receive electronic payment as well as e-wallets from the Chinese mainland and overseas. With rapid changes in consumer preferences, this is very convenient for our merchants to handle the payment gateway HK needs of their different customers. Our range of payment gateways that can be provided to merchants are as follows:

 

Offline payment platforms: Alipay, AlipayHK, WeChat Pay, UnionPay QR code, Visa, MasterCard, Atome

 

Online payment platforms: Alipay, AlipayHK, WeChat Pay, UnionPay, Visa, MasterCard

2. What kind of value-added services can you provide in addition to electronic payment solutions?

Our company has always emphasized a “more than payment” approach to our services. In addition to providing a one-stop payment gateway and formulating electronic payment solutions for merchants from different industries, we also have a strong partner network. Through cooperation with different companies and platforms, we as a payment solution provider can offer merchants a diversified range of value-added services to improve their businesses, attract traffic and increase sales volume.

 

Our comprehensive range of professional services currently include web design, e-store solutions, digital marketing solutions (co-promotion with different electronic payment Hong Kong wallets), consulting services, enterprise management platform solutions, supply chain solutions, virtual banks and SME financing services, etc. It is our goal to help our merchants enhance their overall competitiveness, respond better to market changes, as well as realise their business goals via our payment gateway products and services.

3. How can I apply for a payment gateway in Hong Kong as a merchant?

If you are looking to subscribe to our payment system, you can conveniently submit an application via our e-platform: https://application.pa-sys.com/merchant/.

 

To apply for the services of our Electronic Payment HK Platform, please refer to the following and the “Documents Required for Application” section for further details. For some higher-risk businesses or electronic payment services, additional supporting documents may be required to comply with the requirements of the regulatory authorities for the use of payment gateway HK services. Our application team will follow up with you about any supporting documents if necessary.

 

Below are the basic application documents required to apply for PA Pay payment solution provider:

  •   Business Registration Certificate (BR)
  •   Certificate of Incorporation (CI)
  •   Proof of Identity and Residential Address of the Holder or Manager
  •   Settlement Bank Account‘s Monthly Statement (issued within the last three months)
  •   Store / Product / Service Related Information and Photos
  •   Business Related Documents

4. How long does the approval process usually take?

We will conduct a preliminary review of your payment gateway service provider application within 3 working days, and activate the required electronic payment platform within about 7 working days. Depending on the complexity of the structure or degree of business risk, some review and activation procedures of individual electronic payment solutions or services may take longer than normally would.

5. How is the settlement between payment gateway Hong Kong and when will I receive the transaction?

As an payment gateway provider, we understand the importance of cash flow from their payment gateway in HK to small and medium-sized merchants, so we have expedited to 2 working days (T+2)* to deposit the payment from the collection platform into the settlement bank account of the merchant, to make the cash flow management of our merchants more flexible.

 

For example, if you have a retail business with a spot trading mode, with 1% of handling fee from an electronic payment Hong Kong platform, the T+2 settlement mode operates as follows:

 

Scenario A: Suppose the merchant collects Alipay turnover of HK$1,000 on Monday, and after deducting the handling fee (1% = HK$10), it is HK$990 (more than the minimum settlement threshold of HK$800), our payment system will provide in 2 working days (T+2) to settle HK$990 to the merchant’s settlement bank account on Wednesday.

 

Scenario B: Suppose the merchant collects a total of HK$500 of Alipay turnover on Monday, after deducting the handling fee (1% = HKD5), it will be HK$495 (less than the minimum settlement threshold of HK$800), on Wednesday (T+ 2) there is no settlement to proceed.

 

Assuming the merchant collects another Alipay turnover of HK$500 on Tuesday, and the total Alipay turnover on Monday and Tuesday is HK$1,000, after deducting the handling fee, it will be HK$990 (more than the minimum settlement threshold of HK$800). On Thursday(T+2), our payment system will deposit HK$990 into the merchant’s bank account accordingly.

 

* The actual arrival time of the settlement from the payment gateway service provider may be adjusted due to the merchant’s industry and business nature, or perhaps due to different electronic payment HK wallet requirements. We reserve the right of final decision and interpretation in such cases.

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