Android Pay may officially reach Hong Kong in the first week or early next month, so that It’s increasingly intense competition in the payment market. Currently, Android Pay was only opened in Singapore, Hong Kong is expected to become Asia's second open Android Pay region.
The payment service can be used through Android devices with near-field communication (NFC) technology and Google’s KitKat 4.4+ operating system. You can start using it after installing the Android Pay and register a credit card. Telecommunications industry have pointed out, Android Pay has no direct relationship with the network provider, also without any prior preparation to coincide with the payment system.
Same payment system Apple’s Pay, the opening of the country has gradually increased, in addition to the United States, Britain and France and other European countries, the Asia-Pacific region are China, Singapore, Hong Kong and Australia. Android Pay fastest pass at the beginning of next month or the first week officially landed in Hong Kong, Android Pay will compete with Apple's Apple Pay in the mobile payments market.
Currently, users who use Apple Pay transactions are required to use fingerprint or preset unlock code for identity certification to complete the transaction. Singapore OCBC Bank customers for example, the uses do not need certification of Android Pay at the first three times with the amount of the transaction less than 100 Singapore dollars, but subsequent transactions, or transactions worth more than $ 100 Singapore dollars is required by the user password, fingerprint and other authentication transactions. Android Pay support including DBS Bank, OCBC Bank and Standard Chartered in Singapore.
The President of the Hong Kong Information Technology Federation Mr. Francis Fong said that although Android Pay Singapore as Asia's first landing area, but he believes Hong Kong will have a short-term, as to whether to open a place, but also need to look at the region's banks to pay for new technology acceptance. Francis Fong, also known as side he has to use Apple Pay, trading quite convenient, I believe users have a certain appeal, but relatively small businesses, the installation may not be attracted to them because of the credit card transaction fee of 2-3 percent, higher than the Octopus with 1% transaction fee charged.
Source: Headline Daily