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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:
There are 8 commonly used digital wallets in Hong Kong including PayMe, AlipayHK, WeChat Pay HK, BoC Pay, O! ePay, Tap&Go, UnionPay and TNG Wallet, each of them has its own unique benefits and functions:
Cardholders can connect your credit cards to digital wallets like PayMe, WeChat Pay and Alipay HK to earn extra rewards, air miles and cash rebate:
|Digital Wallets||Monthly Top Up Limit||Monthly Rewards Limit*|
|PayMe||HK$2,000||333 miles / HK$20|
|AlipayHK||HK$2,000||333 miles / HK$20|
|WeChat Pay HK||HK$1,000||500 miles / HK$30|
|O! ePay||HK$3,000||166 miles / HK$10|
*Calculated with the conversion rate HK$6/miles or 1% cashback
PayMe is a 'Digital Wallet', designed to easily pay back your friends and family and also get paid to a Hong Kong local bank account through the apps for free. You need to top up your PayMe account with a credit card or bank account to pay and you need to have a local bank account to get paid. To be eligible to use PayMe, you need to be at least 18 years old and hold a valid HKID and Visa/MasterCard.
To sign up for PayMe, you need to: