Payment Asia attended Hong Kong FinTech Week 2022

Hong Kong Fintech Week has successfully kicked off on October 31 at the Hong Kong Convention and Exhibition Centre, themed “Pushing Boundaries, Reaping Benefits”. Organised by the Financial Services and the Treasury Bureau and InvestHK, and co-organised by the Hong Kong Monetary Authority, the Insurance Authority, and the Securities and Futures Commission, the event is set to attract more than 20,000 attendees and over 3 million views online from over 80 economies.[/vc_column_text][/vc_column][/vc_row] [vc_column][vc_column_text]Payment Asia, the leading electronic payment gateway, has participated in Hong Kong Fintech Week 2022, showcasing the latest payment solutions we provide to all clients both physically and virtually, covering online, offline and metaverse payment and settlement. [/vc_column_text][vc_row_inner][vc_column_inner width="1/6" offset="vc_hidden-xs"][/vc_column_inner][vc_column_inner width="2/3"][vc_single_image image="7971" img_size="large" alignment="center"][vc_column_text css=".vc_custom_1668397981781{margin-top: -3% !important;}"]Payment Asia at Hong Kong Fintech Week 2022[/vc_column_text][vc_empty_space height="50px"][/vc_column_inner][vc_column_inner width="1/6" offset="vc_hidden-xs"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row] FinTech Week 2022 Panel Discussion Desmond Chu, Business Director of Payment Asia, took part in the FinTech Week 2022 Panel Discussion
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The Fifth Intangible Cultural Heritage Mart Successfully Launched Payment Asia Helps Traditional Merchants with Online Transformation

One-stop experience including performance, workshop, and retail Reviving traditional culture in the city center with e-factors Hong Kong Culture Festival (HKCF) successfully launched the fifth edition of the Intangible Cultural Heritage(ICH) Mart at Tai Kwun and Central Market from Oct 14th to 16th. The event themed “Connecting Intangible Cultural Heritage to Innovation”, celebrates Hong Kong’s unique cultural heritage against our city’s iconic landscape. As the sponsor of this year's Mart, Payment Asia, an electronic payment solution provider, hopes to provide merchants with online payment methods and help traditional merchants to have more exposure through electronic means. This year HKCF is connecting traditional craftsmen and other ICH practitioners with the new generation through e-commerce channels, thus giving new momentum and market opportunities to cultural heritage.   This year’s ICH Mart was presented as a carnival for the first time, with a traditional handicraft market and workshops, as well as a variety of
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The 57th National Convention of Junior Chamber International Hong Kong 2022

The convention theme is "BRIDGE TO THE CHANGE " and Payment Asia as the jade sponsor of the convention, we fully support JCI to provide development opportunities that empower young people to create positive change.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="nivo" interval="5" images="7821,7822,7823,7824" img_size="full" css=".vc_custom_1664271317820{margin-right: 15% !important;margin-left: 15% !important;}"][/vc_column][/vc_row]Junior Chamber International Hong Kong (JCIHK) (formerly named as “Hong Kong Junior Chamber”), inaugurated in 1950, is affiliated with the worldwide leadership development organisation – The Junior Chamber International (JCI). JCI has a worldwide membership of over 200,000 and more than 100 countries around the world.[/vc_column_text][/vc_column][/vc_row]READ MORE

Hong Kong Brands & Products Shopping Festival 2022

Hong Kong Brands & Products Shopping Festival was held from 9th Sep to 12th Sep 2022 at Asia Expo. The organiser, Chinese Manufacturers’ Association of Hong Kong (CMA) believed the waves of electronic consumption voucher and Mid-Autumn festival holiday will attract many citizens attend the exhibition. And Payment Asia as the designated digital payment solution provider has tailor-made solutions for merchants.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="5/12"][vc_single_image image="7797" img_size="full" alignment="center" css=".vc_custom_1664268457924{margin-right: 15% !important;margin-left: 15% !important;}"][/vc_column][vc_column width="1/6" offset="vc_hidden-xs"][vc_empty_space height="40px"][vc_icon icon_fontawesome="fas fa-angle-double-right" color="custom" size="lg" align="center" custom_color="#e53b91"][/vc_column][vc_column width="5/12"][vc_single_image image="7798" img_size="full" alignment="center" css=".vc_custom_1664268466532{margin-right: 15% !important;margin-left: 15% !important;}"][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="nivo" interval="5" images="7801,7800,7799" img_size="full" css=".vc_custom_1664268506564{margin-right: 15% !important;margin-left: 15% !important;}"][/vc_column][/vc_row]READ MORE

“Revival of the Memory: Bruce Lee’s Home in Metaverse” 2022

This year marks the 49th death anniversary of Hong Kong martial arts superstar Bruce Lee. To honor the legacy of this legend in the history of film worldwide and pass on his philosophy and movie arts to the next generation, Sponsored by Payment Asia, Bruce Lee Club partners with PRIZM Group to recreate Lee's old home with VR technology and co-host an exhibition named "Revival of the Memory: Bruce Lee’s Home in Metaverse". [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image="7784" img_size="full" alignment="center" css=".vc_custom_1664254399774{margin-right: 20% !important;margin-left: 20% !important;}"][/vc_column][/vc_row]Wong Yiu-Keung, chairman of the Bruce Lee Club, said, "The building was firstly transformed into a hotel after Bruce Lee passed away, and was once planned to be converted into a memorial hall. Unfortunately, the plan was shelved after numerous attempts and the former home was demolished. We want people to know more about Bruce Lee’s last trail via VR technology, and understand more about his ‘Water Philosophy‘. The project
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The Digital Revolutions Taking Place in Southeast Asia

In many developed countries across the globe, digital payments are considered to be an issue of convenience. In developing countries, such as the countries of Southeast Asia (SEA), digital payments are revolutionising economies and financial markets. Here is a look at how SEA online payment solutions are making developing countries into upcoming mega markets for digital consumer finance. The Digital Revolution of Southeast Asia Southeast Asia is currently witnessing a digital payment revolution, which in turn is spurring a financial and economic revolution. According to a report by IDC, by 2025, digital payments will lead to a growth of 162% in e-commerce. The report looks at emerging payment trends such as e-wallets, Southeast Asia e-banking payment solutions, and other digital payment solutions along with traditional payment modes like cash or credit/debit cards. While SEA already has a staggering e-commerce industry, the report predicts that by 2025, e-commerce will make even
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Southeast Asia’s Rising Digital Payments Landscape

The Southeast Asia online payment landscape is going through a digital transformation due to changing retail and customer trends. Despite economic upsets during the COVID-19 pandemic, digital payment markets are growing in Southeast Asian (SEA) countries like the Philippines, Thailand, and Vietnam. This is partly due to the emergence of online retailers as well as an increase in the adoption of the internet and mobile phone users. This has made it easier for the population in SEA countries to have access to online banking apps and mobile wallets. Types of Digital Payments in SEA As many SEA countries move toward a cashless economy, there are different digital payment methods that are being developed and fine-tuned to meet the growing demand in these countries. As an online payment service provider, investing in innovative technologies to meet these growing demands can offer success for early players. Some of the most common methods
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Grow Your E-Commerce Business: Expand to Southeast Asia

E-commerce is booming in Southeast Asia (SEA), and there has never been a better time for businesses to go online and expand into this region. Research suggests that SEA’s GDP will rise to 4.7 trillion dollars by 2025. Therefore, take your business to new heights by expanding to SEA. Here’s everything you need to know about expanding your business, from choosing Southeast Asia online payment solutions to inventory management and more. Narrow Down Your Target Markets Although SEA is a large market, not everything will be in demand everywhere. Therefore, before you jump into the deep end, figure out which market should be your target. This will involve doing some extensive research to determine which regions will accept your products or services readily. Assess and compare different markets across the countries of Southeast Asia before taking your e-commerce business there. Make Your Website Accessible Your e-commerce website might be perfect
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​​Emergence of the Online Payment Industry in Southeast Asia

Southeast Asia (SEA) is a rapidly growing e-commerce market. This can be attributed to trends such as the changing shopping habits of consumers, an increase in internet users, and the widespread adoption of smartphones. The occurrence of the pandemic has just hastened this process, pushing more people to turn to online shopping. Places like China, Hong Kong, the Philippines, and Thailand are seeing a surge in online sales, and online retailers are taking notice. There is a need for an online payment solution to make the user's experience for online shoppers easy and seamless. Growth of Payment Solution Services Online payment services play an important role in the economy of SEA countries. It not only generates enormous revenues for the government but also provides business opportunities for companies. The role of the banking system in this space comes in the form of e-bank payments for SEA countries. Currently, the global
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Tips on How to Boost E-Commerce Sales with Online Payments

China has enjoyed a vibrant e-commerce industry worth a jaw-dropping trillion dollars. And there are zero signs of slowing down too. Along with e-commerce, online payment services have also prospered. Still, there is a large section of the population that has minimum exposure to online shopping. There is room for e-commerce businesses to grow even though the competition is fierce. Here are a few tips on how e-commerce businesses can boost their sales with online payments. Tip 1: Create a Smooth Purchasing Process Customers can get put off by a tedious purchasing process. Part of this process entails offering robust banking solutions. E-commerce businesses should set up a banking system so that customers can experience an optimal purchasing process with no technical hiccups or problems. A smooth check-out is integral for a smooth purchasing process and goes a long way in ensuring high sales figures. Tip 2: Ensure High Safety
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How Innovations in Online Payment Solutions Are Shaping the Future of Vietnam’s Economy

Among the rising economies of Southeast Asia, Vietnam shows great promise for e-commerce and digital payments to flourish. Vietnam is a traditionally cash-based economy, but increased smartphone usage along with the COVID pandemic has accelerated the use of e-payment technology. Here is a look at the trends that are shaping the future of online payments in Vietnam. Digital Wallets The use of digital wallets or e-wallets is booming in Vietnam. A survey by Visa in 2021 found that 85% of Vietnamese consumers have some digital wallets or e-payment technology. In fact, the country has over 40 e-wallet providers. About 71% of consumers use these payment apps at least once a week. For an online payment provider, Vietnam holds great potential especially if they feature digital wallets. Cryptocurrencies Vietnam has not banned cryptocurrencies, and its Ministry of Finance is spearheading research into the impact of crypto. This research is important for
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Implementing Innovation Payment Systems for Your E-Commerce Business

The e-commerce industry is booming, and rightfully so. Digital payments have made online transactions easier, faster, and more convenient than traditional transactions. More people are relying on online stores for their shopping needs. Being an online retail business during this time also opens you up to the global markets. As a merchant, it becomes imperative that you choose an online payment services provider that will be able to integrate different payment systems into your online platform. This enables your online business to capture a diverse set of clients, which will eventually boost revenues. Importance of Having a Diverse Payment System Platform When it comes time to choose an online payment gateway, it is important to choose one that will be able to process transactions through different payment systems such as mobile wallets, cryptocurrency payments, debit cards, credit cards, etc. If you are a local merchant who is looking to break
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E-Commerce Payment Trends in Asia and the Potential for its Growth

The e-commerce industry is booming in many Asian countries. This is due to the transformation of many South Asian countries into cashless economies. Digital payments are fast gaining popularity in many Asian countries due to the ease of carrying out online transactions. There are many trends that suggest that the online business ecosystem is changing, and e-payment technology is at the center of it. For online payment technology providers, it provides an opportunity to develop and optimize payment gateways for online retailers that are seeing a rise in customers every day. Problems that Need to Be Overcome in the E-Payment Industry For many South Asian countries, the online payment landscape is deeply fragmented and there is a need to make it more comprehensive. An omnichannel payment solution is one way to bridge the gap between these countries so that it is easy to do business between different countries. Each region
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2022年加密貨幣支付閘道的發展

The Relevancy of Cryptocurrency Payment Gateways in 2022

The interest in cryptocurrency is increasing exponentially, and for good reasons too. There is a tremendous focus being put on cryptocurrencies as major companies, such as Tesla and Microsoft have chosen use cryptocurrency to do business. Even though the crypto industry might be still in an infancy stage, there are great potentials to evolve into a powerful tool for business owners. An online payment service provider like PayPal is starting to adopt Bitcoin on its platform by allowing users to buy the cryptocurrency. With reputed companies jumping on the cryptocurrency bandwagon, the future of cryptocurrency and related technology looks promising. Cryptocurrency Payment Gateways for Online Retailers A crypto payment gateway is a payment mechanism that allows you to make online payments in the form of cryptocurrencies. Using a payment gateway that allows several types of transactions is what sets online retailers apart from others dominating the same marketplace. Blockchain technology
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支付閘道的現況及未來展望

The Current State of Payment Gateways and Their Future Scope

An online payment gateway is one of the most sought-after technologies that the e-commerce field uses widely. As businesses move online, there is an increasing importance given to online payments. An e-commerce payment gateway ensures that customers can use different modes to make online transactions. Payments can be done in so many ways. From mobile to cryptocurrency payments, payment service providers are constantly updating and adapting payment gateways so that they can support different modes of payments. The Most Popular Types of Digital Payments Currently Mobile Payments: Mobile wallets and e-wallets are the biggest contributors to the digital payment market and are estimated to be the leading form of payment for most online transactions. A mobile payment gateway is widely popular for this reason alone. Mobile payments make contactless payment transactions easier as they can be done with the use of a mobile phone. Internet Banking: Banking transactions can be
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