08-Mar-18, Asia Times
WeChat Pay and Alipay are fighting hard to lure Hong Kong people away from credit cards. WeChat Pay claimed a 44% increase in registered numbers in Feb-18.
%20iStock_Asia%20Times.jpg "WeChat Pay Alipay chase HK mobile wallet share (c) iStock Asia Times")
Image: iStock / Asia Times
WeChat Pay gave away about HKD10 mn (USD1.3 mn) worth of red packets over Chinese New Year. Now all eyes are watching how Alipay Hong Kong, owned by Alibaba and CK Hutchison.
A 2018 Retail Banking Satisfaction Study showed 8% of respondents had used WeChat Pay while almost 30% used Apple Pay.