On September 30, the Hong Kong Stock Exchange (HKMA) threw out a heavy function: the fast payment system "turned fast" to realize direct transfer between Alipay and WeChat! Not only Alipay and WeChat, but also real-time cross-banking between 2 1 local banks and Hong Kong 10 operators can be realized by registering with the mobile phone number.

Cross platform transfer payment. This is good news for both businesses and consumers. No matter which platform, the payment can be completed quickly and without obstacles, and there is no need to transfer the money out of the bank card and then to another payment platform. This move is considered as a new opportunity to promote the popularity of the two major mobile payment giants in Hong Kong.

Different from mobile payment in the Mainland, Hong Kong compatriots, as financial centers in Asia, are still accustomed to using cash and credit cards to pay. Even if the two mobile payment giants have settled in Hong Kong, their market share is still less than half, which is difficult to shake the usage habits of Hong Kong users.

First of all, the diversified payment methods in Hong Kong, including cash, credit card, Applepay, Octopus, e-ticket company and China UnionPay Express, give people more choices. According to the data of Hong Kong Productivity Council, the most commonly used payment method for Hong Kong people in 1 year is cash (99%).

Octopus cards (97%) and credit cards (53%). Other data show that 22% of the respondents have used Alipay, 19% have used WeChat payment, followed by ApplePay, and 13% are using it. Secondly, Alipay's functions in Hong Kong are not as diverse as those in the Mainland.

Alibaba once wanted to achieve the same version on both sides of the strait, but for various reasons, it had to switch to the Hong Kong version. In addition, Hong Kong users are sensitive to the security of personal information and have conflicts with the authorization of mobile payment. The third is the frequency of users' use. Take WeChat payment as an example, it is based on the functions attached to WeChat, a social software.

In daily scenes, we can chat with WeChat friends and pay at the same time without opening another software. However, the most popular social software in Hong Kong is WhatsApp, and WeChat is still not the mainstream tool, which makes the promotion of WeChat payment more difficult. It has always been believed that the penetration rate of mobile payment in the mainland can't catch up with Hong Kong.

This time, there has been an epoch-making evolution, which has realized the docking of two national payment platforms and further enhanced Hong Kong's mobile payment environment and financial status. Unfortunately, the system is only for local users in Hong Kong, and it is estimated that it is still a little far from mainland merchants to realize barrier-free transfer of Alipay and WeChat payment.

And some multifunctional intelligent cash registers and intelligent POS machines can easily realize payment and collection on the whole platform. For example, TPS900, a smart POS machine in Tian Bo, supports scanning code payment such as Alipay and WeChat payment, and also supports NFC card, UnionPay credit card and MasterCard.

Insert/swipe Visa card and other overseas credit cards for payment. Whether at home or overseas, a POS machine plays with various payment platforms, fully supporting diversified payment methods, which is fast and convenient.