KPay joins hands with livi bank to facilitate SMEs’ access to financial services

Exclusive offers for merchants using promo code to open livi Business virtual bank account and register for KPay payment service

(14 March 2023, Hong Kong) Fintech startup KPay is pleased to announce that it has forged a partnership with livi bank, with KPay being the Hong Kong virtual bank’s payment service provider and rendering data support to its newly launched commercial banking service livi Business. The partnership is aimed to help small and medium enterprises (“SMEs”) seize business opportunities and pursue their ambitions by facilitating their access to more convenient and personalised financial services.

Davis Chan, Chief Executive Officer and Co-Founder of KPay, said, “With the founding mission of empowering medium, small and micro enterprises (“MSMEs”) to drive growth and promote digital transformation, we are very pleased to reach a partnership with livi bank, which allows us to leverage our data advantages built up through our payment services and B2B ecosystem to assist livi Business in providing digitally-driven financial services and giving MSMEs access to more timely financing services to meet their development needs. Sharing the same aspiration as livi bank for fintech innovation and to empower SMEs, we earnestly look forward to strengthening cooperation with the bank in the future to bring yet more innovative products and services to merchants."

A fintech company focuses on developing a full range of business solutions, KPay has three major advanced technology-powered business engines: KPay payment product, KConnect one-stop operation management platform and KFund financing solutions platform for MSMEs. KPay's access to merchant payment and operational data enables SME customers to promptly understand the health and development needs of their businesses, which would in turn enable KPay to identify and provide appropriate value-added services to its merchants, further enriching KPay's existing merchant ecosystem.

This is the first time KPay collaborates with a virtual bank on business account opening services. To tie in with the promotion, account opening fee will be waived from now for KPay merchants who open livi Business corporate banking account via livi mobile app using the invitation code "kpay#300", and livi Business customers registered for KPay’s payment services can enjoy a HK$200 rebate on transaction fees. All offer details are subject to announcement on the official websites and social media platforms of livi bank and KPay.

Mr. Chan added, "KPay’s partnership with livi bank marks the first of an array of value-added services to be launched for our merchants this year, with more collaborations with various fintech partners to be announced in the coming quarter. KPay will continue to optimise its payment solutions and ecosystem, expand its merchant network in Hong Kong and Asia Pacific, actively explore different partnership opportunities, and leverage its advantages in cutting-edge technologies, scale and resources to provide more comprehensive support to MSMEs.”

About KPay
Established in July 2020 and headquartered in Hong Kong, KPay Merchant Service Limited (“KPay”) is a financial technology (fintech) company focusing on providing integrated business solutions, and offering professional and innovative products to enhance the market competitiveness of micro, small and medium enterprises (MSMEs) in the Asia Pacific region. KPay solutions were launched in early 2021, covering online and offline fintech services including electronic payment solutions, and user management platform and financing solutions. With the support of a top-notch technology development team, the Company strives to improve the functionality of various products to cater to the needs of merchants and help them maximise business performance. KPay is abreast of market trends in different regions where its highly experienced sales and after-sales teams provide merchants with a range of business logistics support timely, enabling MSMEs from different sectors to operate more smoothly and strategically by enhancing their ability in digital technology application, and for the Company to realise its vision of "building a mutually beneficial and synergistic e-finance ecosystem”.

For more information about KPay, please visit the Company's website: www.kpay-group.com/en-hk

KPay joins hands with livi bank to facilitate SMEs’ access to financial services
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KPay Merchant Service Limited
Katie Lau    +852 3706 7836 / 9804 6148     Email: katielau@kpay-group.com