HSBC Hong Kong (PayMe + HSBC HK App)

Key details

• Parent: assets

Overview

HSBC Hong Kong (PayMe + HSBC HK App) is HSBC Holdings plc LSE: HSBA + SEHK: 5 + NYSE: HSBC + HSBC's original Hong Kong founding entity since 1865 + Hong Kong's largest commercial bank by assets + ~3M+ PayMe customers + HSBC HK App [1, hk-cro].

History

1865 — The Hongkong and Shanghai Banking Corporation founded by Thomas Sutherland in Hong Kong distinctive Hong Kong banking heritage as Hong Kong's original commercial bank.

1991 — HSBC Holdings plc UK reorganisation + HKMA Hong Kong Monetary Authority designates HSBC as one of three Hong Kong note-issuing banks.

2017 — PayMe by HSBC launch as Hong Kong P2P mobile wallet.

2018 — Hong Kong FPS Faster Payment System launch + HSBC HK App + PayMe integration.

2024 — PayMe crosses 3M+ customer milestone.

Ownership & operator

Operating entity: The Hongkong and Shanghai Banking Corporation Limited HSBC HK (HSBC's original Hong Kong founding entity; Hong Kong's largest commercial bank by assets).

Major shareholders: HSBC Holdings plc (LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group; ~40M+ retail customers across 60+ countries) fully owned.

Regulators: HKMA + SFC.

Technical integration

PayMe by HSBC mobile app (iOS + Android; ~3M+ customers) + HSBC HK App mobile (iOS + Android) + hsbc.com.hk online + HSBC HK branch network across Hong Kong + HSBC HK Visa + Mastercard + UnionPay cards; FPS HK (Hong Kong Faster Payment System) + HK IBAN + EFPS QR (Hong Kong Easy Faster Payment System QR).

Implementations & partners

HSBC parent: [[hsbc-uk]] (HSBC UK; LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group; ~40M+ retail customers across 60+ countries).

Major Hong Kong banking + payments competitors: [[hang-seng-bank]] (Hang Seng Bank Hong Kong; HSBC HK ~62.14% subsidiary; SEHK: 11; Hong Kong's #2 commercial bank by assets) + [[bea-hong-kong]] (BEA Bank of East Asia; SEHK: 23; Hong Kong's largest independent commercial bank) + [[boc-pay-hk]] (BoC Pay Hong Kong; Bank of China HK; SEHK: 2388; Hong Kong's third note-issuing bank) + [[standard-chartered-hk]] (Standard Chartered Hong Kong; LSE: STAN + SEHK: 2888; Hong Kong's third note-issuing bank + emerging markets focus) + [[citibank-hk]] (Citibank Hong Kong; Citigroup NYSE: C subsidiary) + [[dbs-hk]] (DBS Hong Kong; DBS Bank Singapore subsidiary) + [[mox-bank]] (Mox Bank Hong Kong; Standard Chartered + HKT + PCCW + Trip.com JV digital bank) + [[zhongguo-citic-bank-international]] (China CITIC Bank International CNCBI Hong Kong) + [[alipayhk]] (AlipayHK; Ant Group Hong Kong mobile wallet) + [[wechat-pay-hk]] (WeChat Pay HK; Tencent Hong Kong mobile wallet) + [[tap-pay]] (TapPay Hong Kong mobile wallet).

Regulators: HKMA + SFC.

Status

Active, HSBC Holdings plc LSE:HSBA + SEHK:5 + NYSE:HSBC + HSBC's original Hong Kong founding entity since 1865 + Hong Kong's largest commercial bank by assets + ~3M+ PayMe customers + HSBC HK App [1, 2].

Sources

• 1 HSBC HK — official
• 2 HSBC Hong Kong — Wikipedia
• hk-cro In-corpus: reports/countries/HK-hong-kong.md

Source

Biography extracted from hsbc-hong-kong.md. See matrix.md for standards-support matrix if present.