TNG eWallet and MyPB are now accepted by over 90pc of merchants in Hong Kong

Alexander Wong

29 April 2024 at 4:59 am·3-min read

KUALA LUMPUR, April 29 — Users of Touch ‘n Go eWallet (TNG eWallet) and MyPB by Public Bank Berhad can enjoy seamless QR payments in Hong Kong with wider acceptance. The two Malaysian financial apps are among 14 popular overseas eWallets from 9 countries that can make cross-border mobile payments via the Alipay+ network. These eWallet and banking apps are accepted at over 90 per cent of the local outlets in Hong Kong.

According to Ant International, users of 14 global eWallets can enjoy a smooth payment experience with transparent and competitive exchange rates in Hong Kong whenever they encounter a merchant with the Alipay+ or AlipayHK logo.

The 14 supported eWallets are MPay (Macam SAR, China), Changi Pay and OCBC Digital (Singapore), GCash and HelloMoney (The Philippines), Hipay (Mongolia), Kakao Pay, Naver Pay and Toss Pay (South Korea), MyPB by Public Bank Berhad and TNG eWallet (Malaysia), TrueMoney (Thailand) and Tinaba (Italy). Similar to Alipay (Mainland China), these newly enabled wallets are now accepted at over 90 per cent of the local outlets in Hong Kong.

AlipayHK CEO and Greater China General Manager of Ant International Venetia Lee said, “When we pay like locals, we can travel and experience the culture like locals. We are so excited to help users of our 14 wallet partners to expand their presence to over 90 per cent of local merchants through AlipayHK’s network. This allows hassle-free payments, promotes the development of Hong Kong’s tourism industry, and helps local merchants enhance the effectiveness of their promotional activities through digital technology.”

The latest integration represents the largest number of international payment apps introduced to the city’s offline commercial network through cross-border cooperation at a single time. Alipay+ and its eWallet partners have also announced a joint mechanism for customer services with the Alipay+ Service Collaboration Mechanism in Hong Kong. This is to support partners in improving cross-border payment experiences, enhancing operational efficiency and providing better services to global digital wallet users and merchants through operational collaboration and product innovation.

Commenting on the cross-border integration, TNG Digital CEO Alan Ni said “We are pleased to be recognised as one of Alipay+’s esteemed International eWallet partners. Through this collaboration, TNG eWallet users can conveniently make payments and immerse themselves in new cultures, such as the vibrant streets of Hong Kong, all thanks to Alipay+.

Users of Touch ‘n Go eWallet and MyPB by Public Bank Berhad can enjoy seamless QR payments in Hong Kong with wider acceptance. — SoyaCincau pic

“Since the introduction of our overseas QR payment feature in Hong Kong in October 2023, we’ve observed steady growth that underscores our commitment to serving our users as the preferred eWallet in Malaysia. We remain dedicated to ensuring our users feel supported wherever they go, equipped with a familiar eWallet experience that truly makes them feel like they’re experiencing life like a local,” he added.

Since 2023, Hong Kong has seen a continued growth of inbound travellers following the global campaigns by the Hong Kong Tourism Board (HKTB). In 2023, more than 34 million travellers visited Hong Kong and in the first quarter of 2024, a total of 11.23 million visitor arrivals were recorded. This marks a 1.5 times year-on-year increase and demonstrates the continued and gradual growth of visitor arrivals.

Alipay+ now connects over 88 million merchants in 57 countries and regions to 1.5 billion consumer accounts across more than 25 eWallets and bank apps which enables consumers to travel and pay hassle-free globally. The cross-border solution has also enabled merchants to expand their cross-border consumer engagement and digital marketing.

Alipay+ has signed several extensive regional partnerships including collaborations with national QR schemes such as Singapore’s SGQR, Malaysia’s PayNet, South Korea’s ZeroPay, Sri Lanka’s LankaPay and Cambodia’s KHQR. As announced late last year, Malaysia’s DuitNow QR merchants can accept payments from 8 Asian eWallets via Alipay+ which include Alipay, AlipayHK, HelloMoney, Hipay, MPay, Naver Pay, Toss Pay and TrueMoney. — SoyaCincau

Reuters
Chinese firms make headway in producing high bandwidth memory for AI chipsets
SINGAPORE/BEIJING (Reuters) -Two Chinese chipmakers are in the early stages of producing high bandwidth memory (HBM) semiconductors used in artificial intelligence chipsets, according to sources and documents. The progress in HBM - even if only in older versions of HBM - represents a major step forward in China's efforts to reduce its reliance on foreign suppliers amid tensions with Washington that have led to restrictions on U.S. exports of advanced chipsets to Chinese firms. CXMT, China's top manufacturer of DRAM chips, has developed sample HBM chips in partnership with chip packaging and testing company Tongfu Microelectronics, according to three people briefed on the matter.
The Guardian
Vauxhall owner to sell cheap Chinese EVs in UK and mainland Europe
Stellantis deal with Leapmotor aims to cash in on imports as Biden imposes 100% tariff in US
Yahoo Finance
Most people expect to retire in their early 60s. Is that realistic?
The number of workers who plan to work full time beyond age 62 has fallen dramatically, dropping to 46% from 55% four years ago.
Malay Mail
Sarawak records RM22.8b in 2023 approved investments
KUCHING, May 15 — Sarawak recorded RM22.8 billion of approved investments in services, manufacturing and primary sectors...
Associated Press
TikTok content creators sue the US government over law that could ban the popular platform
Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year. Attorneys for the creators argue in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing arguments made by TikTok in a separate lawsuit filed by the company last week. The complaint filed Tuesday comes from a diverse set of content creators, including a Texas-based rancher who has previously appeared in a TikTok commercial, a creator in Arizona who uses TikTok to show his daily life and spread awareness about LGBTQ issues, as well as a business owner who sells skincare products on TikTok Shop, the e-commerce arm of the platform.
Associated Press
Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges
Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Alibaba said this was primarily due to a lower market value of its equity investments. “This quarter’s results demonstrate that our strategies are working and we are returning to growth,” said Eddie Wu, Alibaba CEO, in an earnings call.
The Telegraph
Vaccine trial patient files first US lawsuit against AstraZeneca
An American woman who took part in the US clinical trial of the AstraZeneca Covid vaccine is suing the company, claiming it left her “permanently disabled”.
Reuters
China's Hailiang, Shinzoom to build auto battery plants in Morocco
Chinese auto battery manufacturers Hailiang and Shinzoom will set up two separate plants in Morocco, as the country seeks to adapt its growing automotive sector to increasing demand for electric vehicles, Moroccan officials said on Tuesday. Authorities in charge of developing the Moroccan northern industrial zone, Tanger Tech, said Hailiang plans to build a copper plant worth $450 million on an area of 30 hectares. Shinzoom, part of Hunan Zhongke, will invest $460 million in an anodes plant spanning over 20 hectares, they said in a statement.
The Telegraph
The common mistake that can blow a major hole in your pension
Four in five pension savers are accessing their pot early and it’s costing them tens of thousands of pounds, a pension provider has warned.
Malay Mail
DAP trio’s lawsuit against PAS MP heads to trial after mediation hits dead end
GEORGE TOWN, May 15 — The defamation suit by DAP’s Tan Sri Lim Kit Siang, Lim Guan Eng, and Teresa Kok against Kepala Ba...
Associated Press
Morocco’s automotive industry shifts gears to prep for electric vehicle era
A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that transport them to European dealerships. Business incentives and investing in infrastructure like the freight railway line have allowed Morocco to grow its automotive industry from virtually non-existent to Africa's largest in less than two decades.
The Guardian
Solicitor general to appeal over case of climate activist who held sign on jurors’ rights
Exclusive: Judge accused Robert Courts of ‘mischaracterising evidence’ against Trudi Warner
Yahoo Finance Video
Comcast announces new bundle of Peacock, Netflix, Apple TV+
Comcast (CMCSA) has announced a new streaming bundle that will include its own streaming service Peacock alongside Netflix (NFLX) and Apple TV+ (AAPL). The price of the bundle has yet to be released. Yahoo Finance Reporter Alexandra Canal breaks down how the bundle will work and Disney+'s (DIS) foray into live sports.  For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
The Independent
‘Killer’ ran over man twice as he went to get the mail. Then she kissed him before stabbing him to death.
The suspect in Houston walked away as if nothing had happened, neighbors said
HuffPost
Ex-Aide Sums Up Melania’s Marriage To Donald Trump With 1 Word
“I think people have to remember who Melania really is,” said Stephanie Winston Wolkoff.
Malay Mail
End of road for ex-AG Apandi’s bid to appeal defamation suit loss to Kit Siang
PUTRAJAYA, May 14 — The Federal Court today rejected former attorney general (AG) Tan Sri Mohamed Apandi Ali's applicati...
Sky News
'Don't give them anything, they're murderers': Israeli protesters block aid going into Gaza
A determination to stop humanitarian aid from getting to Gaza. The food and supplies go straight to Hamas, the protesters claim. "We're fighting Hamas and by giving this food, do you really think it doesn't go to Hamas?" asked another, disbelievingly.
Malay Mail
HK action star Donnie Yen shows he can still can do the side flip at 60 (VIDEO)
KUALA LUMPUR, May 15 — Hong Kong martial arts star Donnie Yen may be 60 years old, but his agility still has many in awe...
Malay Mail
Are EPF Account Fleksibel withdrawals limited to RM250 per day? Here’s what you need to know
KUALA LUMPUR, May 14 — The Employees Provident Fund (EPF) has completed its Account restructuring which introduces a new...
The Telegraph
The woman who won the heart of the most eligible bachelor in England
She’s about to marry one of the richest men in the country in a lavish aristocratic wedding, yet the future Duchess of Westminster remains remarkably low-key.

Latest stories