Visa and MasterCard to help bring Apple Pay to Hong Kong

Visa and Mastercard will support Apple's mobile payment service, Apple Pay, in its upcoming launch in Hong Kong, the company announced at its recent WorldWide Developer Conference, in addition to American Express. Uptake in mobile payment services in Hong Kong lags behind other markets, especially mainland China. The company also said Apple Pay will work on websites, a feature that will see it compete with payment services like PayPal.

Tim Cook, chief executive officer of Apple Inc., speaks during the Apple World Wide Developers Conference in San Francisco, California, on June 13, 2016. Apple Inc.'s mobile-payment service Apple Pay will now work on websites, a long-awaited feature that will pit the company directly against companies such as PayPal Holdings Inc. Photo: Bloomberg