According to Yahoo Finance, PayMe reached a 2 million users landmark in late May 2020, representing a 25% jump from 2019. The increase, together with 10 other e-wallets in the city, helped support a three-fold surge in transactions through the faster payment system (FPS) maintained by the Hong Kong Monetary Authority (HKMA). Moreover, the increase was also seen in settling of bills, including those related to online social games such as mahjong and poker, a HSBC official reported.
Regarding the business payment services, PayMe enables startups and other businesses to accept payments and has plans of lining up bigger companies like utility providers in the future, HSBC officials stated.
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