HONG KONG / SINGAPORE – 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.