Alipay launches cross-border blockchain remittance service

July 23, 2018
SCMP Updates

World’s first blockchain-powered service of its kind enables transfers between e-wallets in Hong Kong and the Philippines

Ant Financial, Alipay, AlipayHK and GCash held a joint press conference at Island Shangri-la Hong Kong on June 25, 2018, to announce the launch of a cross-border real-time remittance service between Hong Kong and the Philippines.

The cross-border remittance service uses e-wallets from AlipayHK and GCash, and leverages blockchain technology to provide fast, secure, convenient, transparent and low-cost money transfers directly between individuals in Hong Kong and the Philippines.

Guests in attendance included Jack Ma (founder and executive chairman of the Alibaba Group), Paul Chan Mo-po (Financial Secretary of the Hong Kong Special Administrative Region) and Canning Fok (group co-managing director of CK Hutchison Holdings and chairman of Alipay Payment Services (HK) Limited).

The Ant Financial Services Group, which operates its Alipay online payment platform, sought the  SCMP’s help to plan and manage the Hong Kong event, synchronised with a similar one in the Philippines.

In Hong Kong, the SCMP team handled the venue booking, rundown design, on-site logistics, guest reception, production and third-party liaising.

Contact us today to learn more about how SCMP’s Marketing Solutions team can professionally manage your successful live event.

 

About South China Morning Post 

South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States.Its editorial teams are powered by emerging digital technologies to create innovative ways to tell Asia’s most important and compelling stories.

Against the backdrop of shifting discovery and consumption behaviours, SCMP reaches users across distributed media platforms including scmp.com, smartphone and tablet apps, social media and messaging platforms, as well as our flagship newspaper.  SCMP is also home to Abacus, a digital news brand focused on China's tech industry; and Inkstone, a daily news brief for those curious about China's growing impact around the world.


For further information, please contact us