Standard Chartered, Allinpay enable Singapore dollar QR payments in Hong Kong

Singapore dollar can now be used to pay in over 30,000 acceptance points in Hong Kong.

Standard Chartered and Allinpay have teamed up to enable Allinpay’s Hong Kong merchants to accept PayNow instant payments in Singapore dollar via QR code.

Through this, Singapore dollar can now be used to pay in Allinpay’s over 30,000 acceptance points in Hong Kong.

The SGD-HKD exchange rate is fetched real-time and displayed at the point-of-sale device upon checkout, according to a press release.

ALSO READ: StanChart taps ex-JP Morgan banker as new CIO for North Asia

“We are confident that this partnership will offer a real-time and seamless digital payment experience through Allinpay's integrated platform to truly meet our customers' needs for better cross-border payments, cost savings and mobile lifestyle,” said Tay Tiong Hean, general manager, Allinpay Merchants Services (Singapore).

This solution is made possible with Standard Chartered’s proprietary solutions including its omnichannel gateway “Straight2Bank Pay” and API-based FX pricing engine “SCALE”.