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In a groundbreaking collaboration, Worldline, the global leader in payment services, has partnered with the Bank of China (Hong Kong) (BOCHK) to introduce its innovative open platform card solution, Paysuite Essential Edition, in Hong Kong. This marks a significant milestone as BOCHK becomes Worldline's inaugural customer for this solution in the region.

Enhancing Customer Experience

BOCHK aims to enhance customer experience and broaden its offerings with a new multi-currency Mastercard debit card, leveraging Worldline's cutting-edge cloud-native application. The collaboration underscores a vital industry trend toward open platform solutions, with BOCHK positioning itself as a pioneer among financial institutions in Hong Kong.

A Shift in the Banking Landscape

As one of only three note-issuing banks in Hong Kong, BOCHK's decision to adopt this modern card solution is a clear signal of a shift in the banking landscape. The Paysuite Essential Edition, previously known as Cardlite, serves as a robust alternative to outdated legacy platforms, providing a secure and efficient payment solution.

Key Functionalities of Paysuite Essential Edition

What does this innovative Paysuite Essential Edition include? It boasts five essential functionalities: issuing, acquiring, authorization, switching, and routing. This comprehensive suite empowers BOCHK to deliver a more tailored and personalized banking experience to its customers. With local support from Worldline's expert team, BOCHK is well-equipped to navigate the compliance requirements of the Hong Kong banking industry while also gearing up for future business expansion.

Facilitating Seamless Global Transactions

The solution's support for Mastercard's multi-currency capabilities also facilitates seamless global transactions, making it a game-changer for international travelers and businesses alike. By shortening the time it takes to launch new business features, Worldline’s infrastructure promises rapid deployment of innovative services—a major win for customer satisfaction.

Enhanced Capabilities through API Connectivity

Moreover, Worldline’s open platform offers enhanced capabilities through API connectivity, which simplifies integration with various systems and modules, such as digital banking, fraud detection, and customer service. With a user-friendly portal, BOCHK can easily create or modify products, ensuring flexibility and scalability tailored to their customers' evolving needs.

A Game-Changer for the Asian Payments Landscape

Already established in various other markets and certified by Mastercard, Paysuite Essential Edition is set to take the Asian payments landscape by storm.

Industry Enthusiasm

Noel Chow, Head of Financial Services for Asia-Pacific at Worldline, expressed enthusiasm about the partnership, stating, “We are thrilled to collaborate with BOCHK, a prestigious institution in the region, to unveil our innovative Paysuite Essential Edition in Hong Kong. This partnership reflects the trust leading financial institutions place in our open platform solutions. We foresee this collaboration paving the way for other banks to modernize their card systems and transition from old legacy systems to agile, open systems.”

Stay Tuned

Stay tuned for more updates as this partnership advances into exciting new territory in the world of financial services!