PCCW Global, the global operating division of Hong Kong-based telecom service provider HKT, has forged a partnership with Youtap, a contactless mobile money payments processing firm, to offer mobile money payments acquiring and processing solution.

As per the agreement, PCCW Global will expand distribution of Youtap Pay and Youtap merchant acquisition services as a complement to HKT’s Tap & Go payment solution.

Youtap solutions facilitate closed-loop payment, agency banking and disbursement services in-store, on the street and on the go.

PCCW Global will offer both existing and new clients with payment processing and merchant acquisition services to support customers’ numerous transaction methods.

Leveraging the strength of the partnership, the carriers, MNOs and financial institutions served by PCCW Global can avail the benefits of an improved and secure mobile payment processing platform.

PCCW Global senior vice president for international projects Craig Price said: “Our collaboration with Youtap, in combination with our existing deployment of HKT’s Tap & Go platform, will enable PCCW Global customers to further expand their offer of an end-to-end payments solution regardless of the preferred method of payment.

“Our expanded mobile payment solutions are now uniquely positioned to overcome all the challenges associated with making contactless payments, and we expect the demonstrable ease of operation which this new relationship brings to our offering will deliver real benefits to our customers around the world.”