Western Union and Hong Kong’s tap & go collaborate for online global money transfers

People in Hong Kong can make money transfers using Tap & Go wallets. Source: shutterstock.com

Western Union and HKT Payment Limited, a Stored Value Facilities license holder, signed an agreement to enable 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 website.

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 and 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.

According to the?Nielsen Media Index 2017 Year End Report, smartphone penetration in Hong Kong rose five percentage points from the previous year to?96%, and 97% of all Internet users in Hong Kong had used a smartphone to access the Internet, highlighting the importance of the mobile channel.

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