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Zen Soo

AlipayHK, the local mobile payments partner of Ant Financial Services, said on Thursday that it has won a bid to provide QR code mobile payment solution for Hong Kong’s MTR railway system.
Commuters will have the option of entering MTR stations by linking their AlipayHK account to a separate MTR app, and scanning a QR code on their smartphones on the readers installed at the entry gates, according to the agreement signed between AlipayHK and MTR Corp.
The new QR code method is offered in addition to the use of Octopus cards, which has been the dominant payment method for mass transit railway transport in Hong Kong since 1997.
Users of the mainland Alipay wallet will also be able to link their accounts to the MTR app for payment, according to people familiar with the matter.
Octopus’ transport payment monopoly under threat? – 8 in 10 passengers would pay by e-wallet or QR code if they had the option, claims Visa
The new mobile payment system will be rolled out to 91 MTR stations across the city by mid-2020, AlipayHK said in a statement.
The MTR and Airport Express networks comprise a total of 93 stations and carry an average of about 5.8 million passenger trips per day. MTR Corp, which runs one of the most profitable metro systems in the world, had total revenue of HK$55.4 billion in 2017.
“AlipayHK is thrilled to have won the bid in being MTR’s QR Code payment system provider. Not only is this a recognition of AlipayHK’s technological stability, we feel confident QR code transit technology will be successfully expanded into more aspects,” said AlipayHK chief executive chief Jennifer Tan in the statement.


AlipayHK is a joint venture between Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings conglomerate and Ant Financial, an affiliate of e-commerce giant Alibaba Group Holding. New York-listed Alibaba is the parent company of the South China Morning Post.
Tan said AlipayHK is also exploring more solutions for “smart mobility” when it comes to outbound travel, starting with travel destinations popular among Hongkongers.
The MTR did not disclose how many bidders were involved in the tender conducted in May.
Jeny Yeung, commercial director of MTR, said AlipayHK was elected from a number of bidders because of its technology and speed.
Ant Financial raises US$14 billion in latest funding round as it seeks to expand Alipay globally
“We demand the provider must make sure the payment speed is similar to Octopus, which is the payment method for 90 per cent of the annual HK$1.7 billion in fare payments last year,” Yeung said. “We want the new move to offer more choice of payment options for passengers as there are an increasing number of people who like to use mobile payments.”
Yeung said about 1,000 gates would be installed with the QR code. AlipayHK said its QR code setup will support “dual offline solution”, so even if internet service is poor or lacking, transactions can be completed.
The exclusive right for AlipayHK will last for one year before three additional providers are added in middle of 2021. Yeung said the MTR has selected the other three providers from the same tender, but declined to identify them.
They’ve conquered shops and cafes; now WeChat Pay and Alipay are taking the fight to China’s trains
The announcement comes as Chinese mobile payment providers Ant Financial and Tencent Holdings’ WeChat Pay expand their battle for market share outside the mainland and into Hong Kong.
WeChat Pay HK had been the first to collaborate with the MTR on an alternative payment option to Octopus. From December last year, commuters and tourists were given the option to buy MTR tickets with their smartphones at selected stations.
Both AlipayHK and WeChat Pay HK have been offering incentives and discounts to users in the city to encourage adoption of their respective mobile payment services. Currently, various supermarkets and fast-food chains like McDonald’s already accept AlipayHK and WeChat Pay HK as mobile payment methods.
AlipayHK has also teamed up with two green minibus operators in Hong Kong, allowing passengers to pay the fare by scanning QR codes.
China moves further towards cashless society as payment giants Alipay, WeChat Pay gain ground
In September, Hong Kong’s WeChat Pay HK users were able to start paying for purchases at merchants on the mainland, settling the bills via Hong Kong dollar, making it the first Chinese mobile wallet to do so.
Elsewhere on the mainland, QR codes as a form of payment for railway rides are already commonplace in major cities including Beijing, Shanghai and Shenzhen. In Shanghai, commuters can opt to pay for their tickets via mobile wallets like Alipay and WeChat Pay after downloading an app. Beijingers enjoyed the same luxury when the service was launched in May this year.
Other cities accepting QR code payments for subway entrances include Hangzhou, where Alibaba is headquartered, as well as Guangzhou and Xi’an.
Aside from providing payment solutions for railways, both Alipay and WeChat Pay also offer similar solutions for consumers to pay their bus fares with Alipay or WeChat Pay on the mainland.
Additional reporting by Enoch Yiu


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Mobile payments

AlipayHK wins bid to provide QR code payment solution for Hong Kong’s MTR

By the middle of 2020, commuters will have the option of entering MTR stations by linking their AlipayHK account to a separate MTR app, and scanning a QR code on their smartphones on the readers installed at the entry gates. Photo: Felix Wong

Octopus’ transport payment monopoly under threat? – 8 in 10 passengers would pay by e-wallet or QR code if they had the option, claims Visa

A passenger using Alipay to pay for a bus trip in Hangzhou, in east China's Zhejiang Province. Photo: Xinhua

Signs for the Departure Concourse and West Kowloon Station Bus Terminus stand inside West Kowloon Station, which houses the terminal for the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), developed by MTR Corp., in Hong Kong, China, on Friday, Sept. 7, 2018. The world’s longest high-speed rail network will extend to downtown Hong Kong on Sept. 23, providing a direct connection to 44 mainland Chinese destinations. Photographer: Justin Chin/Bloomberg

Liu Sair-ching (left; hand holding the Octopus card), Chairman of the Coalition of Hong Kong Newspaper and Magazine Merchants, and a news stand owner (right; holding the phone), pose for a photo with the Octopus in Mong Kok, during a demonstration on how to use the Octopus card at a news stand. 28MAR18 SCMP / Sam Tsang

They’ve conquered shops and cafes; now WeChat Pay and Alipay are taking the fight to China’s trains

Official data shows China’s railways carried 2.8 billion passengers in 2016, up 11 per cent from the previous year. Photo: Xinhua

A QR code for WeChat Pay is posted on a pole of a vegetable stand in a free market in Beijing on Jul. 9, 2017. WeChat Pay and Alipay is becoming more and more popular in Chinese people's daily. 09JUL17 SCMP/Simon Song

After conquering China, Alipay and WeChat Pay push payment services to taxis outside the mainland

An additional 14,000 taxis in New York City are expected to accept Alipay in November this year. Photo: AFP

30 Oct 2017 – Alipay, the world’s largest online payment platform, has partnered with Hong Kong mobile payment systems developers Yedpay and Valoot Technologies to enable the city’s taxis to accept fare payments via Alipay and AlipayHK for the first time.

Ant Financial raises US$14 billion in latest funding round as it seeks to expand Alipay globally

The funding makes Ant the world’s largest fintech firm and gives it a war chest for future expansion

Eric Jing Xiandong, CEO, Ant Financial Services Group, speaks during Internet Economy Summit 2017 at Hong Kong Convention and Exhibition Centre in Wan Chai. Photo: SCMP

China moves further towards cashless society as payment giants Alipay, WeChat Pay gain ground

QR codes for mobile payments via Wechat and Alipay are seen on a seafood stall in a market in Beijing. Photo: EPA

People cross a road in Beijing's central business district on August 31, 2017. China's factory activity gathered steam in August, official data showed on August 31, beating expectations, but not dispelling concerns about the headwinds facing the world's second largest economy. The figures came as China registered steady inflation but slowing foreign trade growth in the previous month. / AFP PHOTO / GREG BAKER

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The new mobile payment system will be rolled out to 91 MTR stations across the city by mid-2020


AlipayHK, the local mobile payments partner of Ant Financial Services, said on Thursday that it has won a bid to provide QR code mobile payment solution for Hong Kong’s MTR railway system.


AlipayHK wins bid to provide QR code payment solution for Hong Kong’s MTR

.css-1mniedq{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;}The new mobile payment system will be rolled out to 91 MTR stations across the city by mid-2020

The new mobile payment system will be rolled out to 91 MTR stations across the city by mid-2020