The enormous development of contactless mobile payment methods renders consumers more choices on payment methods; but which one of them is the best payment system for the merchants? Trending on the Application of Mobile Payment System Is the popularity of mobile payment really that high indeed though you may have heard of many advertisements being published? According to the latest figures, 1.5 million and 1 million registered users have installed the apps of Alipay HK and WeChat Pay HK respectively. In another phone interview conducted by Hong Kong Productivity Council, more than 1,000 respondents were surveyed. More than 80% of them said they had heard of Alipay HK and WeChat Pay. And both companies own 40% of market share in mobile payment respectively. Moreover, Alipay announced that the per capita consumption of mainland tourists reached RMB 2,219 (HKD 2,549); the amount increased by 80% compared with the same period last

Payment Asia has been striving to provide online payment solutions to all merchants in Hong Kong. In view of the rising popularity of e-wallets in recent years, new products will be launched this year. Created by Payment Asia, the PA Pay App is designed for catering the need of payment collection in retail stores, and it supports Alipay mobile payment service. With PA Pay, merchants can reduce cash transactions, drop transaction costs, and lower account reconciliation risks, as well as to attract more mainland tourists to shop in Hong Kong, resulting in an increase of turnover. Easy Payment and Flexible Settlement Online payment has long been part of the consumer market in Hong Kong, while e-wallets have become a trend in the city. By using a single swipe, consumers can use their e-wallets to pay easily without going online. For offline merchants, PA Pay App provides instant notification and transaction

Together with the surge of Chinese economy, the advancement of China-based electronic payment gateway is not only dominating the domestic market, but also gradually changing the consumption and payment habit beyond its territory. Starting from a small branch of Alibaba, Alipay – now under Alibaba affiliate Ant Financial - is already the biggest gateway to the expanding China domestic and Chinese tourism market.  Payment Asia, a strategic partner of Alipay, is bringing the brand to the small and medium enterprises (SMEs) in Asia and other parts of the world. From China to the Globe Starting from the 21st century, the development of mobile payment in China catches the pace with the economy.  In 2016, the transaction volume of mobile payment in China was recorded more than $5 trillion [1], compared to the $11.2 trillion GDP in the same year [2]. While Chinese people becomes richer, they are more eager to travel abroad to

After successfully empowering enormous number of online businesses across geographies with its efficient and sophisticated payment gateway solutions, Payment Asia enables online businesses with E-commerce solutions which includes shopping carts, payment integration and many other resources. The E-commerce Edge E-commerce has largely shifted the focus of consumers from traditional physical shopping to online shopping. Big players within the E-commerce realm like Amazon and eBay have already proven to the world the power and success of utilising E-commerce and now, SMEs are routing towards using the E-commerce model given it is more affordable, reliable and user friendly. For example, The Shopping Cart function is easy to use and to maintain, giving consumers a direct pathway from selecting items to checkout and merchants a great way to manage its sales and relevant payments. Top Shopping Carts Available for your Business There are many successfully established E-commerce shopping carts available for SMEs. Some