Yeahka is leveraging its extensive payment network to support HSBC in enhancing HSBC Digital Merchant Services by expanding the payment options available to its merchants in Hong Kong. The newly-added payment methods include Alipay, AlipayHK and WeChat Pay.
Yeahka as a leading payment-based technology platform, has built an extensive payment network through years of industry expertise. According to Yeahka’s 2024 financial report, the peak daily transaction counts for its app-based payments has reached nearly 60.0 million. To further strengthen its diversified channel expansion, Yeahka has connected with over 6,000 SaaS partners and established group-level strategic partnerships with nearly 160 banks for joint merchant acquiring, while further scaling market coverage through approximately 17,000 independent sales organizations.
Apart from domestic markets, Yeahka has joined global leading payment networks such as Visa, MasterCard, and UnionPay International as an institutional member, enabling cross-border acceptance of all card types, to further enhance its global payment network coverage and service quality.
HSBC Digital Merchant Services is a comprehensive digital payment management solution that seamlessly integrates a wide range of payment options. The solution aims to enhance efficiency for eCommerce merchants to receive digital payments and manage related administration through a single contract. Merchants using HSBC Digital Merchant Services can now accept a wider range of payment channels, unlocking untapped opportunities in mainland China’s vast consumer market. For consumers, this upgrade will facilitate a more seamless payment experience.
According to Payments & Commerce Market Intelligence (PCMI), Hong Kong’s e-commerce transaction volume is projected to reach HKD 240 billion by 2027, with e-wallets accounting for over 60% of e-commerce payments, presenting significant business opportunities.
Lewis Sun, Global Head of Domestic and Emerging Payments, Global Payments Solutions, HSBC, stated: “Our enhanced Digital Merchant Services enables merchants to reach a more diverse customer base by offering a seamless checkout experience that accommodates different payment preferences and habits. HSBC remains committed to collaborating with Fintech innovators like Yeahka to deliver tangible value for our clients.”
Luke Liu, Founder and CEO of Yeahka, mentioned, “Yeahka has experienced rapid growth in the payment industry, evolving from card-based payments to e-wallets products, and now enriching its offerings with AI-powered applications. Throughout this development, two essentials remain: smooth user experience and reliable technology system. Yeahka is fully committed to this partnership and looking forward to jointly explore more collaborative possibilities in the future.”
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