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Best Digital Wallet Credit Cards in Hong Kong 2020

How can you earn credit card rebates at no cost from digital wallets? Which ones suit you the best? MoneySmart has put together a list detailing its features and the latest welcome offers. Click to learn more. read more
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Citibank logo
Welcome Offer
Complimentary 4th night free at any hotel

Citi Prestige Card

Min. Annual Salary
HK$600,000
Miles Conversion (Digital Wallets)
HK$6/ mile
Cash back on digital wallets
N.A.
Apply Now
Welcome Offer: Get welcome offer 20,000 miles (240,000 points) and exclusive travel offers Valid till 31 Dec 2020.
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PrimeCredit logo
MoneySmart Exclusive
Earn 2% cashback from Octopus AAVS

EarnMORE UnionPay Card

Min. Annual Salary
HK$0
Miles Conversion (Digital Wallets)
N.A.
Cash back on digital wallets
2％
Apply Now
MoneySmart Exclusive: Successful application through MoneySmart: Extra HK$100 cash rebate Valid till 31 Dec 2020.
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Citibank logo
MoneySmart Exclusive
Free travel insurance and airport lounges access

Citi PremierMiles Card

Min. Annual Salary
HK$240,000
Miles Conversion (Digital Wallets)
HK$8/ mile
Cash back on digital wallets
N.A.
Apply Now
MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.
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BEA logo

BEA i-Titanium Card

Min. Annual Salary
HK$40,000
Miles Conversion (Digital Wallets)
N.A.
Cash back on digital wallets
0.4%
Read More
More Details
DBS logo
Welcome Offer
Redeem various mileage points without any fee

DBS Black World Mastercard

Min. Annual Salary
HK$240,000
Miles Conversion (Digital Wallets)
HK$6/ mile
Cash back on digital wallets
N.A.
Apply Now
Welcome Offer: Earn up to 50,000 miles and first year annual fee waiver Valid till 31 Dec 2020.
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Citibank logo
MoneySmart Exclusive
Earn cashback from digital wallets

Citi Cash Back Card

Min. Annual Salary
HK$240,000
Miles Conversion (Digital Wallets)
N.A.
Cash back on digital wallets
1%
Apply Now
MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.
More Details
Standard Chartered logo
MoneySmart Exclusive
Unlimited cashback

Standard Chartered Simply Cash Visa Card

Min. Annual Salary
HK$96,000
Miles Conversion (Digital Wallets)
N.A.
Cash back on digital wallets
1%
Apply Now
MoneySmart Exclusive: HK$350 Supermarket Vouchers Valid till 30 Jun 2020.
More Details
China Construction Bank logo

eye Credit Card

Min. Annual Salary
HK$150,000
Miles Conversion (Digital Wallets)
HK$3/ miles
Cash back on digital wallets
2%
Read More
More Details
Standard Chartered logo
MoneySmart Exclusive
As low as HK$0.2=1 Asia Miles for welcome offer

Standard Chartered Asia Miles Mastercard

Min. Annual Salary
HK$96,000
Miles Conversion (Digital Wallets)
HK$6/ mile
Cash back on digital wallets
N.A.
Apply Now
MoneySmart Exclusive: HK$300 Supermarket Vouchers Valid till 30 Jun 2020.
More Details
Citibank logo
MoneySmart Exclusive
High cash rebates for designated categories

Citi Rewards MasterCard

Min. Annual Salary
HK$150,000
Miles Conversion (Digital Wallets)
HK$15/ mile
Cash back on digital wallets
N.A.
Apply Now
MoneySmart Exclusive: Extra HK$150 voucher apply via MoneySmart! Valid till 31 Dec 2020.
More Details

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

What is a Digital Wallet?

There is no lack of digital wallets in Hong Kong. Each of them is characterized by its own feature. Some such as PayMe provide P2P payment functions allowing users to make fund transfers while others such as Alipay HK and WeChat Pay HK provide additional functions like cross-border payment and bill payment, etc. Depending on your spending habits, some digital wallets may suit you better than others. MoneySmart has put together some information about digital wallets for you to understand their operations and the latest offers:

Benefits of Digital Wallets

PayMe

PayMe users don’t have to be an HSBC customer. Anyone with a Hong Kong selected bank account or a credit card can use PayMe to split the bills with friends easily in just a few taps with a mobile number no matter what local bank they are with. You can easily top up your PayMe account with a registered credit card or a bank account. What’s more, you can now pay participating merchants via PayMe in stores with the PayMe logo.

AlipayHK

AlipayHK is best for TaoBao and TMall frequent shoppers. Simply select Alipay HK in the payment method at the checkout to enjoy handling fee waiver. Besides, Alipay is a multi-functional mobile payment app, providing users with bill payment and cross-border payment service in over one million participating businesses across mainland China and Japan with a good exchange. What’s more, users can enjoy scanning ‘Quick Reward Code’ to get offers when travelling. Users can now top up through local stores, Standard Chartered Online Banking or coin carts.

WeChat Pay HK

WeChat Pay HK is the first mobile payment app allowing users to settle bills on the mainland with the Hong Kong dollar. Participating vendors include Didi Chuxing, Meituan-Dianping and railway ticketing platform 12306.cn. Purchases will be converted from RMB to HKD automatically on the app, where exchange rate quotes and automatic exchange services are available. Users can now top up through local stores, bank accounts or credit cards.

BoC Pay

BoC Pay is a multifunctional cross-border payment mobile application which enables P2P transfer function, QR code payment, bill payment and mobile payment function in the Greater Bay Area without a bank account on the mainland. Users don’t have to be BoC customers to use BoC Pay. As long as you are 18 years old with Hong Kong residency and a valid mobile number plus an email address, you can apply. First-time users can enjoy HK$20 welcome rewards on or before 30 June 2020. Also, enjoy up to HK$35 rewards when making CLP bill payments on or before 30 April 2020.

O! ePay

Octopus O! ePay is a multifunctional mobile payment app. Users can top up Octopus cards, make online purchases, and transfer funds within the apps. With O! ePay, users can manage up to 20 Octopus Cards. Users can also shop online with O! ePay Mastercard, which is a reloadable virtual Platinum prepaid card allowing users to shop globally at online merchants taking Mastercard. Users can top up an O! ePay account through Octopus card, local stores and fund transfers from Standard Chartered bank/credit card. Users can transfer funds between O!ePay and bank accounts.

Tap & Go

Tap & Go is Hong Kong's first prepaid mobile wallet incorporating both Mastercard® and UnionPay card schemes to provide payments online and at physical stores around the globe. Anyone who is 11 years old or above with Hong Kong, Macau or Mainland China mobile number can activate Tap & Go.

UnionPay

UnionPay mobile application is a one-stop mobile payment service. Users can enjoy mobile payment services in 48 countries and regions. Moreover, users can also pay simply by scanning UnionPay QR code In China alone, UnionPay QR code payment is widely accepted at over 16 million merchants.

TNG Wallet

TNG Wallet is a one-stop mobile payment app. It does not only provide person-to-person money transfer, merchant payment service but also enables users to handle foreign currency. Users can easily exchange foreign currencies and transfer money from TNG Wallet to designated countries such as the UK, Singapore and Hong Kong. Users can top up at 7-Eleven or Circle K or use a credit card or the online banking platform of participating banks such as Bank of China to top up.

Top Up/ Transaction Limit of Digital Wallets

Digital WalletsMonthly Top Up Limit Transaction Limit
PayMeHK$3,000 (unverified account) or HK$5,000 (verified account) HK$25,000 (unverified account) or HK$100,000 (verified account)
AlipayHKHK$3,000 (unverified account) or HK$5,000 (verified account irrespective of verification level) HK$2,000 each
WeChat Pay HK HK$500 (account with no payment password) HK$200 each or HK$500/ month (account with no payment password)
HK$5,000 (account with payment password) HK$5,000 each HK$10,000/day HK$50,000/ month (account with payment password)
O! ePayO! ePay Lite: HK$3,000 or O! ePay Plus & O! ePay Pro: HK$10,000O! ePay Lite: HK$25,000/ O! ePay Plus: hk$100,000/ O! ePay Pro: no limit
Tap & GoHK$3,000Not applicable
TNG WalletNormal Member: HK$3,000/ VIP Member:HK$50,000/ SVIP Member: HK$100,000Normal Member: HK$25,000/ year or VIP Member: HK$100,000/year or SVIP Member: No limit

Digital Wallet FAQ

How can I enjoy digital wallet offers?

Users can earn offers with digital wallets when spending at designated merchants. The rebate, in general, will be added to your account automatically within the apps. Some digital wallets will provide time-limited welcome offers as well such as AlipayHK and BoC Pay.

Can I use WeChat Pay or Alipay in China?

Yes, you can. Both WeChat Pay and Alipay provide cross-border payment services, which allow users to pay purchases made in China with HKD.

Can I transfer money overseas with digital wallets?

Yes. With a specific digital wallet such as TNG wallet, you can transfer money to specific countries such as Singapore, Canada and the UK.

How to earn rebates with digital wallets?

Users can earn rebates with an eligible credit card. Simply top up your digital wallets such as PayMe with an eligible credit card, then transfer the top-up amount to your bank account. In this way, you can earn rebates at no cost. It’s slightly different for Alipay HK and WeChat Pay. It’s less direct. You have to bind your credit card and transfer funds to a friend of yours first. If he/she does the same, transferring the same amount of funds to you through the digital wallets, then it will cancel out the amount of money that you send to him or her. In this way, you can earn rebates without costing you anything.

How can I know if my cards can earn rebates in digital wallets?

There is a wide range of credit cards providing rebates for digital wallets but credit card providers can change the terms and conditions at any point so you can also refer to MoneySmart website for the latest information. Depending on whether you would like to earn rebates or collect miles, you can consider using these credit cards with the highest top-up rebate including Citi Cash Back Card, Citi Prestige Card, Dah Sing British Airways Platinum Card and CCB Eye Card.

Which Digital Wallet is the best?

There is no such thing as the best digital wallet, it all depends on your spending habits and which credit card you own. For example, if you are a frequent traveller to China, Alipay or Wechat Pay offers transaction functions in China with multiple merchant offers and promotions, which will give you more benefits than other digital wallets.

Can I earn rebates with all of the digital wallets?

You can earn air miles or cash rebates by linking credit cards to most of the digital wallets, including Alipay, WeChat Pay, PayMe etc. However, not all digital wallets offer credit card rewards, take TNG wallet as an example, top-up with a credit card will cost you 2.5% of the total top-up amount as an administration fee, with no rebate rewards.