Draft:KPay Merchant Service Limited
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Last edited by Ma Yat Yeen (talk | contribs) 53 days ago. (Update) |
Background
[edit]| Company type | Private company |
|---|---|
| Industry | Financial services, technology, fintech |
| Founded | 2020 in Hong Kong |
| Founders | Davis Chan, Martin Xie, Daniel Cheung, Richard Wong |
| Headquarters | Hong Kong |
Areas served | Hong Kong, Singapore, Japan |
| Services | Payment processing, financial managment |
Number of employees | 500-1000~ |
| Website | www |
KPay Group is a Hong Kong-based financial technology (fintech) company, founded in 2020. As a payment and business management solution provider, it specialises in facilitating cashless transactions for both businesses and consumers. KPay provides payment services for small and medium-sized enterprises (SMEs) by offering seamless and secure financial management services[1].
Milestones
[edit]Since its inception, KPay has gradually expanded its presence, attracting over 40,000 merchants within the SME sector.[2] Key milestones included partnerships with various retail, dining and transportation businesses across Hong Kong, allowing KPay to integrate into every transactions and become a widely accepted payment method in key industries.[3]
KPay opened their Singapore office in 2022[4], serving over 3,000 merchants and employing around 100 staff members[5]. The company's goal over the next five years is to "grow its merchant base to over 1 million in the Asia Pacific region[1], with expansion into new market crucial for accelerating this growth.
KPay has partnered with PayMe by HSBC broadening its payment options to approximately 3.2 million PayMe users[6]. Additionally, KPay has also partnered with American Express[7]. The company continuously enhances its technology infrastructure to maintain compliance with security standards, providing a reliable platform for its users.
Product and services
[edit]June 2024 marked KPay's third anniversary, coinciding with the launch of their new "One stop Pay-in and Pay-Out" platform[8]. Research indicates that 15% of SMEs in Hong Kong still rely on paper for financial management, while 55% use basic spreadsheets[8]. This platform aims to address the operational challenges faced by SMEs, enhancing efficiency and reducing costs.
KPay offers a range of services aimed at streamlining the payment process:
One stop Pay-In Pay Out platform:
- Pay-in: POS system supports up to 19 different payment methods and accepts all form of contactless payments.
- Pay- out: (FPA, DBS, Airwallex): Helps you manage business operation on a single user friendly dashboard.[9]
Value added service
- KConnect is a 100+ SaaS (Software as a Service) marketplace, which merchants use as an operations management platform. The platform offers data analytics services, CRM, and all rounded operations tracking for SMEs.[1]
- KFund is a flexible, data driven financing platform. SMEs frequently experience cash flow issues, and KFund provides a viable solution to these challenges[1]
References
[edit]- ^ a b c d Dominguez, Diana (2024-06-03). "KPay's unified payment solutions platform propels SME growth". Hong Kong Business. Retrieved 2024-10-14.
- ^ "KPay serves more than 8,000 merchants in its first year of business | KPay Merchant Service". www.kpay-group.com. Retrieved 2024-10-22.
- ^ antaranews.com (2022-09-26). "Innovative Fintech Start-up KPay completes US$10 million financing". Antara News. Retrieved 2024-10-22.
- ^ Yeo, Renald (2024-04-18). "Fintech KPay aims to triple Singapore merchant base, double local workforce". The Business Times. Retrieved 2024-10-28.
- ^ Kong, Fintech News Hong (2024-04-22). "Hong Kong Fintech KPay Opens Singapore Office, Targets Tripled Merchant Network". Fintech Hong Kong. Retrieved 2024-10-28.
- ^ Kong, Fintech News Hong (2024-07-23). "KPay Integrates HSBC's PayMe to Expand Payment Options". Fintech Hong Kong. Retrieved 2024-10-28.
- ^ "American Express Partners with KPay to Continue the Expansion of Payment Acceptance to Local Merchants in Hong Kong". www.americanexpress.com. Retrieved 2024-10-28.
- ^ a b "KPay celebrates Third Anniversary, enhances financial management efficiency with the launch of HK's first unified Pay-In and Pay-Out Platform for SMEs | KPay Merchant Service". www.kpay-group.com. Retrieved 2024-10-29.
- ^ "一站式商戶服務生態系統 | KPay Merchant Service". www.kpay-group.com (in Chinese (Hong Kong)). Retrieved 2024-11-05.