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Mobile Payments

BEA to roll out i-Pay mobile payment service

Friday 22 November 2013 | 09:42 AM CET

Chinese-based independent financial institution The Bank of East Asia (BEA) has unveiled its i-Pay mobile payment service for credit card customers. This service is set to be officially launched in Q1 2014.

i-Pay uses near field communication (NFC) technology to provide contactless payments. After plugging the i-Pay device into their phone and opening the BEA application, customers are set to be able to make payments with a tap at a reader of any MasterCard PayPass merchant. Moreover, customers are set to be able to use iPay to settle a number of transactions including grocery, food & beverage, fashion and beauty & personal care purchases.

i-Pay service is PIN-protected. Customers are set to be able to keep track of their spending using their mobile, with details of the latest 10 transactions available via the BEA app. i-Pay is compatible with Android/iOS phones and all mobile networks.

Bank of East Asia has over 130 branches in Hong Kong and 70 branches and commercial offices in mainland China. The bank provides retail and commercial banking services to its customers in Hong Kong, Greater China and overseas.

More: Link
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