Payments company Yeahka has expanded its payment network to include support for HSBC Digital Merchant Services in Hong Kong.
The move introduces additional payment methods for merchants, incorporating services such as Alipay, AlipayHK, and WeChat Pay.
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The company, which operates a payment-based technology platform, has partnerships with over 6,000 SaaS providers, nearly 160 banks and around 17,000 independent sales organisations.
Yeahka founder and CEO Luke Liu said: “Yeahka is fully committed to this partnership and looking forward to jointly explore more collaborative possibilities in the future.”
Additionally, Yeahka has joined global payment networks as an institutional member, including Visa, MasterCard, and UnionPay International, facilitating cross-border card transactions.
HSBC Digital Merchant Services offers a digital payment management solution that consolidates various payment options into a single platform.
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By GlobalDataThe solution is designed to streamline the process for eCommerce merchants to receive digital payments and handle the associated administrative tasks through a unified contract.
With the integration of Yeahka’s payment network, merchants utilising HSBC Digital Merchant Services now have access to a broader range of payment channels, which could potentially unlock new opportunities in the consumer market of mainland China.
HSBC Global Payments Solutions global head of domestic and emerging payments Lewis Sun stated: “HSBC remains committed to collaborating with Fintech innovators like Yeahka to deliver tangible value for our clients.”
Earlier this year, HSBC decided to shut down its international payments app, Zing, a year after its 2024 launch.
According to a report by Reuters, the closure resulted in approximately 400 job losses as CEO Georges Elhedery intensified cost-cutting efforts in Europe.
