Hong Kong's first non-bank credit card acquiring service provider Yedpay, at the 16th Asian Financial Forum on 12 January 2023, announced its partnership with Venture Cap, the subsidiary of ASL Securities located in Thailand, The Hong Kong Polytechnic University (PolyU) and Easylink, for promoting financial technology innovation.
Dr HU Haibo, Member of the Research Institute for Artificial Intelligence of Things (RIAIoT) at PolyU, noted that the core technology partnered with Yedpay, the Tap-to-Phone function, is an industry leading payment technology for Hong Kong, which is a breakthrough to the traditional point-of-sales (POS) terminals pattern in which allowing merchants to use their mobile phones to process transactions while data security is ensured. Tap-to-Phone is now in its pilot phase and can accept credit cards issued by Visa and Mastercard and is expected to be available to all Yedpay business users in the second quarter of this year.
Further reading: https://finance.yahoo.com/news/hong-kong-local-digital-payment-010000080.html
| Research Units | Research Institute for Artificial Intelligence of Things |
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