Digital wallet opens to youth

Business | 13 May 2020 3:56 pm

The Hongkong and Shanghai Banking Corporation’s digital wallet PayMe has opened its service for anyone over 16 years old.

It is offering free, instant payments to individuals and businesses within Hong Kong.

Similar to all other users, customers aged 16 or above will need a unique, valid top-up source, which can be either a bank account or supplementary credit card, one that is not linked to another PayMe account and is in the customer’s own name, the bank said. HSBC is also offering a children's savings account for those over the age of 11 years, as well as supplementary credit cards from age 16 upwards. Both can be used to fund a PayMe account.

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