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Bank of East Asia joins the mobile payments race as traditional lenders challenge tech firms


BEA is the latest local lender to enter the fiercely competitive mobile payments market. — SCMP

BEA is the latest local lender to enter the fiercely competitive mobile payments market. — SCMP

Bank of East Asia has become the latest lender to join the mobile payments fray in Hong Kong with the launch of the first all-in-one electronic payment platform for merchants.

At present, restaurants and shops that accept credit cards and other forms of mobile payment have to install different devices to process each type of transaction.

SCMP , Banking Finance , Tech , Innovation

   

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