PCCW Global and Youtap collaborate to deliver innovative mobile money payments acquiring and processing solution
HKT (SEHK:6823) – HONG KONG / SINGAPORE, February 8, 2018 – PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, has entered into an agreement with Youtap, a leader in contactless mobile money payments processing for emerging markets that has been rigorously tested in emerging markets around the world.
Under the agreement, PCCW Global will expand distribution of Youtap Pay and Youtap merchant acquisition services as a complement to HKT’s Tap & Go payment solution. Youtap solutions have been specially developed to enable closed-loop payment, agency banking and disbursement services in-store, on the street and on the go. The agreement will allow PCCW Global to provide both existing and new clients with payment processing and merchant acquisition services designed to support customers transacting in a variety of different ways.
Through this collaboration, carriers, MNOs and financial institutions served by PCCW Global will enjoy the benefits of an enhanced secure mobile payment processing platform which has been tested in some of the most challenging environments in the world.
Communications service providers around the world are discovering the benefits of providing mobile payment solutions, and the collaboration adds an extremely flexible, scalable and easy-to-deploy single global payment platform to PCCW Global’s existing service offering.
Mr. Craig Price, Senior Vice President, International Projects, PCCW Global, said, “Our collaboration with Youtap, in combination with our existing deployment of HKT’s Tap & Go platform, will enable PCCW Global customers to further expand their offer of an end-to-end payments solution regardless of the preferred method of payment. Our expanded mobile payment solutions are now uniquely positioned to overcome all the challenges associated with making contactless payments, and we expect the demonstrable ease of operation which this new relationship brings to our offering will deliver real benefits to our customers around the world.”
Mr. Chris Jones, Chief Executive Officer and Founder of Youtap, said, “We believe that our platforms and expertise in emerging markets complement the reach, networks, and pedigree of PCCW Global and their Tap & Go solution. In leveraging our combined knowledge in the payments industry, we can deliver unparalleled experiences for both merchants and consumers alike.”