NFC Times Exclusive Insight – Apple followed its launch of Apple Pay in France Tuesday with a launch in Hong Kong today, its ninth market globally and fourth in the Asia-Pacific region.
The market, while small, launched with Hong Kong’s largest banks, which is unlike other recent Apple Pay launches, in which mostly small issuers were on board at the start. The new service also has support from three networks, Visa, Mastercard and American Express, but not China UnionPay.
The Hong Kong banks participating in the launch include HSBC and its affiliated Heng Sang Bank, Bank of China and Standard Chartered Bank, in addition to issuer American Express. Singapore-based DBS is also on board and Bank of East Asia will join soon.