China Telecom Global (CTG) and HKT Payment – which operates Tap & Go – announced a strategic partnership to issue a co-branded “CTExcel x Tap & Go” card for China Telecom Global’s CTExcel customers.
CTExcel customers will be able to enjoy various means of secure mobile payment and benefits of this co-branded card with widely covered merchant networks. CTG will also offer exclusive loyalty program for the co-branded card users, said Deng Xiaofeng, CEO of China Telecom Global.
“We think mobile payment is an area that will help CTG to differentiate its mobile solution with extra benefits. This partnership is [our] first step into this space in Hong Kong.”
Deng said the co-branded “CTExcel x Tap & Go Card” enables customers to pay at merchants with contactless payment, or also pay on Apple Pay or Android Pay.
Monita Leung, head of HKT Payment, said the deal further expanded its footprint.
Leung added the partnership gives CTG the ability to reach and engage wider markets via its Tap & Go peer-to-peer payment services, PayBuddy and PayMaster, aimed at children and young adults.
“HKT Payment and CTG will continue to explore opportunities to engage customers’ daily life with mobile payment, paving the way for a cashless city,” she said.