E-payment systems offered by Apple Pay, Alipay of Alibaba Group, WeChat Payment, QQ Payment of Tencent, and China UnionPay being accepted at a store in Guangzhou on 11 May 2017. Photo: SCMP

Banks in Hong Kong, mainland China must buck up or lose US$61 billion in revenue to e-payment providers, Accenture says

  • Revenue from e-payments may increase by 69 per cent to US$494 billion by 2025 in mainland China from US$292 billion this year, Accenture said
  • Hong Kong’s payments revenue growth is slower by comparison, increasing by 12.6 per cent over the same period to US$10.7 billion by 2025.
Topic |   Banking & Finance

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E-payment systems offered by Apple Pay, Alipay of Alibaba Group, WeChat Payment, QQ Payment of Tencent, and China UnionPay being accepted at a store in Guangzhou on 11 May 2017. Photo: SCMP
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