Alipay and Valoot jointly launch promotional campaign for Hong Kong taxis

HKD10 off first taxi ride using AlipayHK

First-time AlipayHK app users will receive additional HKD 55 sign-up bonus

HONG KONG, Feb. 6, 2018 /PRNewswire/ -- Alipay, the world's largest online and mobile payment platform, operated by Ant Financial Services Group ("Ant Financial"), together with Valoot Technologies Limited (Valoot) today announced the launch of a campaign that aims to further promote electronic payments in Hong Kong taxis, and which will be made available from February 8 to March 31, 2018.

Alipay and Valoot Co-Branded Taxi Campaign
Alipay and Valoot Co-Branded Taxi Campaign

During the campaign, drivers of 200 taxis co-branded under Alipay and Valoot will actively introduce the new payment alternative to passengers. First-time users will receive a sign-up bonus of HKD 55 when they install AlipayHK. All AlipayHK users will also receive HKD 10 off from their first taxi transaction during the campaign.

About half of the Hong Kong taxis accepting Alipay and AlipayHK are connected to Alipay platforms via Valoot Pay. Passengers are now able to settle taxi payments simply by showing their user payment code for the driver to scan, or by scanning the driver's QR code, and complete the transaction by entering their password. Users will receive an electronic receipt through the app after each payment. The entire service is free of charge for both the user and the taxi driver.

Ovidiu Olea, CEO of Valoot, said, "We are delighted to further extend our partnership with Alipay in Hong Kong. Since the launch of Valoot Pay, our taxi payment app, last year, we have seen fantastic take-up from both passengers and drivers for electronic payments in Hong Kong taxis. This joint campaign with Alipay will add a significant boost to our mission to offer electronic alternatives to cash payments in Hong Kong taxis."  

This campaign further demonstrates Alipay's continued commitment to the Hong Kong market, and is the latest sign of the growing partnership between Alipay and its local partners.

Venetia Lee, General Manager of Alipay Hong Kong, Macau and Taiwan, said "We are pleased to be partnering with Valoot once again as we continue to build out our payment platform on Hong Kong taxis. Expanding our offering to ensure a more seamless experience for our users and merchants is one of our top priorities not only in Hong Kong, but right across southern China's Greater Bay Area, and we will continue to look for opportunities to work with our partners to find the best solutions possible."

BACKGROUND INFORMATION

About Alipay

Operated by Ant Financial Services Group, Alipay is the world's leading third-party payment platform. Launched in 2004, Alipay currently has over 520 million active registered users. Within the Alipay App, users can obtain information on various business establishments, complete online and offline shopping payments and also choose from a wide range of wealth management and other services aimed at providing a more convenient way of life. In China, over 40 million brick-and-mortar merchants now accept Alipay. Overseas, Alipay now covers over 35 countries and regions to provide more diversified services for Chinese travelling overseas. Alipay currently supports 27 currencies. In 2017, Ant Financial and CK Hutchison announced to form a JV to offer AlipayHK, a digital payment and lifestyle platform to bring seamless payment experience to Hongkongers in local currency.

About Valoot Technologies Limited

Valoot is a Hong Kong-based financial technology company aiming to deliver concrete and useful innovation in the area of payments. Most recently, Valoot launched Valoot Pay - a universal payments platform enabling taxi drivers in Hong Kong to accept electronic payment from multiple electronic wallets.

Photo - https://photos.prnasia.com/prnh/20180206/2050260-1