Standard Chartered and Allinpay collaborate to enables cross-border QR payments

Date:

Share post:

Standard Chartered Bank and the Singaporean firm Allinpay have enabled PayNow, a QR code-based instant cross-border payment service for Hong Kong businesses.

Hong Kong participating businesses will have no infrastructure or operational fees to accept Singapore PayNow payments. Singaporeans won’t be subject to currency exchange rates or cross-border fees either. The banks anticipate that the action will promote international travel and generate income for participating Hong Kong companies.

Tay Tiong Hean, general manager of Allinpay Merchants Services, said: “With the resumption of travel, it is appropriate to lead PayNow QR payments at Hong Kong merchants.”

Read More: Standard Chartered and Allinpay partnership enables cross-border QR payments 

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President

TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the...

Crif launches ESG analytics tool for UK banks

ESG Analytics from CRIF, a provider of consumer and business credit information and a key global player in...

Pulsate raises USD 7.7 million in its Series A funding round

Pulsate, a mobile-first customer engagement platform for community financial institutions, has secured USD 7.7 million in funding. Pulsate's platform...

Revenir AI, a FinTech firm, launches hassle-free mobile VAT reclaim for travelers

Revenir AI, a UK FinTech startup, has developed a white-label app for banks that allows travelers to automatically...