Hong Kong is the third location in the Asia Pacific region to roll out the service, following the introduction of Android Pay in Singapore and Australia earlier in this year. Mastercard is working with card issuing institutions, including DBS Bank, Dah Sing Bank, Hang Seng Bank, HSBC, Standard Chartered Bank and The Bank of East Asia Limited, to enable Mastercard cardholders in Hong Kong to use their Android smartphones for everyday purchases, both in-store and in-app.
A recent Mastercard survey revealed that two in five Hongkongers shop on their smartphones, with an increasing number of people choosing to use digital wallets in their daily lives.
Android device users in Hong Kong can now use their smartphones and tablets that run on Android 4.4 or later to make contactless and in-app payments with Android Pay. Once the app is downloaded and the account setup process is complete, the Mastercard cardholder can then add Mastercard cards onto the app to start shopping with Android Pay. To make purchases in-store, consumers can simply wake their smartphone, and hold it near a payment terminal at any location accepting contactless payment to complete the transaction.
To secure Android Pay transactions, Mastercard generates a digital “token” that is associated with the particular device and stores it on a secure server. A different token is assigned to each device, so that not only does the token number differ from the ‘real’ card number, but the token is also restricted from transacting via any other device. When a mobile device is used in a transaction, it is the token, as opposed to the real card number, that is provided to the merchant.
For the benefit of both consumers and retailers alike, this process ensures that every transaction made via Mastercard through Android Pay offers the same guarantees and benefits as transactions made via the physical Mastercard card.
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