JETCO Hong Kong offers cashless payment platform

Joint Electronic Teller Services (JETCO), a Hong Kong based cash machine network operator, has launched a cashless payment offering this week.

On Thursday it announced it would offer cashless payments via a QR-code base smartphone system which is similar to those already offered by Alipay and WeChat Pay.

Cashless mobile payments in Hong Kong have taken off more slowly than in mainland China, due to initial figures of those already using credit cards being higher, and also the popularity of the widely used Octopus Card.

See also:  

Business Chief: Asia edition – February issue out now!

Top 10 Chinese IPOs in 2017

City focus: Hong Kong

JETCO’s platform joins an increasingly crowded worldwide stage which included Apply Pay, Samsung Pay, Alipay and WeChat, as well as many contactless debit and credit cards.

JETCO has offered a peer-to-peer money transfer system, however, since 2016.

CEO Angus Choi told the South China Morning Post: “we want to achieve a cashless society in Hong Kong by penetrating the small cash-and-cheque stores”. He added that it would be necessary to educate Hong Kong’s population more about the potential of cashless payments.

JETCO’s app can be used by cardholders from a variety of banks including the Bank of East Asia, and is also available for use in online stores.



Featured Articles

Welcome to the New Age of the CISO

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

Making the UAE the world’s strongest digital fortress

His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on visionary plans to build the world’s most secure digital society

World Mental Health Day – 10 apps to improve wellbeing

Employers should recognise the growing use of apps to help support mental health – here are 10 to consider on World Mental Health Day

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy

Best new books that will make you a better leader

Leadership & Strategy

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Leadership & Strategy