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American Express Partners with KPay to Continue the Expansion of Payment Acceptance to Local Merchants in Hong Kong
KPay
13 June 2024
American Express Partners with KPay to Continue the Expansion of Payment Acceptance to Local Merchants in Hong Kong

(HONG KONG, June 13, 2024) American Express announced a new merchant acquiring partnership with fintech start-up KPay Merchant Service Limited (“KPay”), which sets to help expand American Express acceptance among small-to-medium-sized establishments in Hong Kong.

The collaboration reaffirms American Express’ commitment to supporting local retailers in Hong Kong and helping them grow their businesses by offering them access to American Express Cardmembers – both local and those visiting from around the world. SME merchants will also enjoy various digital payment capabilities such as contactless or mobile wallets through KPay’s platform to strengthen their competitiveness and enable new business opportunities.
 

 

American Express’ relationship with KPay will help provide even more places in Hong Kong for American Express Cardmembers to shop. Globally, since 2017 American Express has more than tripled the number of locations worldwide that accept American Express Cards to more than 89 million[1]. In Hong Kong, the Company has added 10,000 merchant locations to its acceptance network in 2023.

 

Desmond Leung, Vice President and General Manager of Global Merchant & Network Services, Greater China, American Express said, “We are committed to driving growth by enabling more Cardmembers to spend in more places and in more ways. We’re excited to have KPay as our newest partner for merchant acquisition and look forward to helping to deliver the benefits of American Express acceptance to even more merchants in Hong Kong and providing our Cardmembers with more places to shop.”

 

Davis Chan, Co-founder and Chief Executive Officer of KPay, saidOur partnership with American Express underscores our dedication to building stronger connections with local establishments and reinforces our mission to unleash the growth potential of businesses with simple and smart technology. By offering comprehensive payment solutions for businesses of all types and leveraging the vast network of Cardmembers associated with American Express, we aim to foster innovation, collaboration, and support the growth of the local digital economy.”

 

[1] Source: Nilson Report issue 1254. Data based on acceptance locations as of September 2023.

Additional Press Image:

 
Walter Liu's Platinum Amex Card tapping KPay
Photo: Courtesy of American Express and KPay
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