PCCW Global strikes partnership with payments firm Youtap

PCCW Global has struck an agreement with Youtap to expand distribution of the contactless payments provider’s services as a complement to HKT’s Tap & Go solution.

The agreement will allow PCCW Global to provide both existing and new clients with payment processing and merchant acquisition services designed to support customers transacting in a variety of different ways.

PCCW Global, the international operating division of HKT, will offer its carrier, mobile network operator, and financial institution partners access to an enhanced secure mobile payment processing platforms.

It will distribute Youtap Pay and Youtap merchant acquisition services which have been specially developed to enable closed-loop payment, agency banking and disbursement services in-store, on the street and on the go.

Craig Price, SVP international projects, PCCW Global, 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.”

Chris Jones, founder and CEO Youtap, said, “We believe that our platforms and expertise in emerging markets complement the reach, networks, and pedigree of PCCW Global and their Tap & Go solution. In leveraging our combined knowledge in the payments industry, we can deliver unparalleled experiences for both merchants and consumers alike.”