The Western Union Company (NYSE: WU), a leader in cross-border,
cross-currency money movement, and HKT Payment Limited HKT (SEHK:
6823), a Stored Value Facilities (SVF) license holder1, signed an
agreement to enable Tap & Go customers to use their Tap &
Go mobile wallet to send money to their loved ones around the
world, via the Western Union® mobile app and Westernunion.com.
Currently, customers in Hong Kong can pay for their Western
Union money transfer transactions online using any credit card
issued in Hong Kong. The collaboration between HKT Payment and
Western Union will provide an additional option to customers to pay
via their Tap & Go mobile wallet for their money transfers on
Westernunion.com and the Western Union mobile app, for seamless
payout in cash at more than 525,000 Western Union Agent locations
in over 200 countries and territories worldwide, or into billions
of bank accounts and other wallets, where applicable.
“At Western Union, we are pulling out all the stops to provide
customers with convenient channels to send money to their loved
ones. If a customer wants to send money via a retail location – we
make it possible. If a customer wants to send money online – we
make that possible too. We are committed to our customers and
realize their needs are evolving, and we are evolving with them,”
said Molly Shea, Senior Vice President & General Manager,
Global Money Transfer, Asia Pacific, Western Union.
“We are delighted to be able to extend our service offerings to
customers in Hong Kong and provide them with multiple options to
choose from, to pay for their transactions online and send money to
their families back home. We are very pleased that our
collaboration with Tap & Go will help deliver on our shared
commitment to making the lives of customers easier,” added
Shea.
“To better service our customers and to meet the increasing
demand for various uses of mobile wallet in Hong Kong, we are
delighted to collaborate with Western Union and extend our service
offering for customers to send money to their families and friends
located in countries around the world. Sending money overseas in
different currencies can be made easily with the Tap & Go
mobile wallet. The service will be welcome by all residents in Hong
Kong. Together with other payment and instant peer-to-peer transfer
functions, Tap & Go mobile wallet brings ultimate convenience
when it comes to paying and managing household expenses,” said
Monita Leung, Head of HKT Financial Services Limited.
According to the Nielsen Media Index 2017 Year End Report2,
smartphone penetration in Hong Kong rose five percentage points
from the previous year to 96%3, and 97% of all Internet users in
Hong Kong had used a smartphone to access the Internet,
highlighting the importance of the mobile channel.
WU-G
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of September
30, 2018, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2017, is available in more than 50
countries and territories to move money around the world. In 2017,
we moved over $300 billion in principal in nearly 130 currencies
and processed 32 transactions every second across all our services.
With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
About HKT
HKT (SEHK: 6823) is Hong Kong's premier telecommunications
service provider and leading operator in fixed-line, broadband and
mobile communication services. It meets the needs of the Hong Kong
public and local and international businesses with a wide range of
services including local telephony, local data and broadband,
international telecommunications, mobile, and other
telecommunications businesses such as customer premises equipment
sales, outsourcing, consulting, and contact centers.
HKT offers a unique quadruple-play experience in Hong Kong
delivering media content on its fixed-line, broadband Internet
access and mobile platforms jointly with its parent company, PCCW
Limited.
HKT also provides a range of innovative and smart living
services beyond connectivity to make the daily lives of customers
more convenient, whether they are at home, in the workplace, or on
the go. For more information, please visit www.hkt.com.
About HKT Payment Limited
HKT Payment Limited, a wholly-owned HKT Limited subsidiary,
provides mobile users in Hong Kong with a stored-value service
under the Tap & Go brand. In addition, the company offers local
merchants a variety of mobile payment solutions under the HKT
Merchant Services brand.
Tap & Go is a prepaid mobile payment service that operates
with Mastercard® and UnionPay card schemes to enable secure,
reliable and instant mobile payment anywhere in the world and
online.
HKT Merchant Services provides merchants with one-stop retail
and payment solutions which currently comprise in-app, online and
QR code payment options, a Smart POS facility. All these retail and
payment solutions from HKT Merchant Services help retailers to
improve efficiency while reducing operating expenses.
Issued by Western Union and HKT Limited.
1 HKT Payment Limited is a Stored Value Facilities (SVF) license
holder. Stored Value Facilities Licence Number: SVF00022
https://www.nielsen.com/hk/en/insights/news/2018/nielsen-media-index-take-up-of-mobile-first.html3
https://www.nielsen.com/hk/en/press-room/2017/tv-remains-as-top-media-channel-in-hong-kong.html
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version on businesswire.com: https://www.businesswire.com/news/home/20181113005387/en/
Western UnionMiddle East, Africa,
Asia-PacificIngrid Sahu, +97 14
437-3656ingrid.sahu@westernunion.comorHKTStella Wong, +852
2888 2253Group Communicationsstella.wm.wong@pccw.com
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