China CITIC Bank International has partnered with American financial services firm First Data to launch a wide array of new merchant acquiring solutions in Hong Kong.

The new solutions include point of sale terminals, eCommerce solutions and other value-added services.

China CITIC Bank International collaboration

As part of the arrangement, CNCBI clients in Hong Kong will gain access to a suite of flexible in-store, mobile device and online payment acceptance solutions.

Physical stores merchants will be able to use First Data’s new all-in-one point of sale terminals designed to accept all major type of payments in the country.

First Data’s global eCommerce solutions can also be leveraged for card, mobile wallet or e-wallet payments online as well as offline.

The collaboration also allows clients to directly add funds to their CNCBI Business NOW account.

CNCBI executive general manager of assets & liabilities and customer strategy at Personal and Business Banking Ronald Iu said: “Clients can manage their operating cash in a single account, enjoy preferential deposit interest rates and gain better visibility and control over their working capital.”

First Data head of APAC Ivo Distelbrink said: “As First Data continues to invest in best-in-class technology, CNCBI clients will benefit from the flexible, robust and secure merchant solutions enabled by First Data in Hong Kong and as they expand their operations globally.”