Hong Kong virtual bank livi introduces cross-border QR payment solution

Livi bank, Hong Kong’s lifestyle-driven virtual bank, has launched livi QR Payment for the mainland Chinese market. The technology allows its customers to make cross-border payments in mainland China and other popular travel destinations such as Japan, South Korea and Thailand. 

The first cross-border QR payment solution launched by a Hong Kong virtual bank, livi QR Payment integrates with UnionPay’s payment and merchant network. It allows customers to pay securely at merchant outlets that display the UnionPay QR label using the livi app. Payments are automatically settled in Hong Kong dollars (HKD) at UnionPay’s exchange rates, with no handling fee incurred and no charge on currency exchange.

“Livi QR Payment is simple, fast and seamless – customers can simply present or scan their QR code to complete the payment,” said livi Chief Product Officer Carol Hung.

“Livi QR Payment addresses customer concerns about handling fees and the trouble of managing cross-border payments on multiple platforms or e-wallets. We are delighted to introduce another secure payment experience together with UnionPay as we advance our payment offerings.”