South China Morning Post
News about South China Morning Post.
March 21st, 2017
A recent spate of scams involving QR code mobile payments in China has sparked calls for the authorities to “do more to protect consumers”, according to the South China Morning Post. “By replacing legitimate merchants’ codes with malevolent copies, fraudsters can gain access to consumers’ data and even raid their bank accounts,” the report says. “The proliferation of this type of crime has been made possible by the explosion of mobile payments in China.”
January 23rd, 2017
Customers of China Merchants Bank will be able to withdraw cash using face recognition technology installed in all of the bank’s ATMs in Shanghai by the end of 2017, South China Morning Post reports. “We have launched face recognition at our ATMs for cash withdrawal to grant clients more options,” the bank’s Zhu Sihua told the publication. The bank operates nearly 1,000 ATMs in 106 cities.
January 29th, 2016
Chinese ecommerce giant Tencent is testing its WeChat Wallet service with users in Hong Kong. “Users who are part of the pilot programme will be able to link their Hong Kong credit cards to the service and purchase items using the WeChat app, including movie and flight tickets,” the South China Morning Post reports. “A source close to the company said it may take several months before the payment service is rolled out to all WeChat users in the city.” WeChat Wallet launched in South Africa in November 2015.
October 24th, 2013
Hong Kong ATM network provider Jetco is to offer NFC payments using an add-on device that plugs into the headphone jack of a standard smartphone, the South China Morning Post reports. Five of Jetco’s thirty member banks have signed up for the service and Bank of China (Hong Kong) is set to be the first to pilot the platform later this year, alongside its existing BOC e-Wallet NFC service.
September 10th, 2013
Hong Kong’s Octopus stored value cards will be available on NFC phones by the end of 2013, chief executive Sunny Cheung Yiu-tong has told the South China Morning Post. The company will allow customers to pay for goods up to the value of HK$1,000 (US$129) with their mobile phone — “higher than the cap of HK$500 for NFC services at HSBC and Hang Seng, the only banks that have launched such services so far.”
May 14th, 2013
Bank of China (Hong Kong) is in the final stages of testing an NFC payment service that uses a mixture of secure digital memory cards, SIM cards and NFC add-on devices, the South China Morning Post reports. The service, due to launch in Hong Kong during the second half of this year, will be offered in partnership with Visa, MasterCard and China UnionPay.