BOC Hong Kong : BOCHK Takes the Lead in Bringing Apple Pay to BOC Card Customers

23 May 2017

Bank of China (Hong Kong) ("BOCHK") today becomes one of the first banks in Hong Kong to bring Apple Pay to UnionPay Debit Card cardholders, and let BOC Card customers be able to enjoy making fast, convenient and secure payments at UnionPay QuickPass terminals in the Mainland of China and Hong Kong with Apple Pay, as well as in apps or on the web.

Mr Wang Lan, Deputy General Manager of E-Finance Centre of BOCHK, said, "BOCHK places great importance on FinTech development. We share the same vision with our partners, and have been working meticulously with them to strengthen our efforts on innovation of digital solutions, products and services for FinTech development. Today, we are very pleased to be one of the first banks in Hong Kong to bring Apple Pay to UnionPay Debit Card cardholders. Our BOC Card customers are now able to enjoy a more convenient and secure way to make purchases, transforming the way they pay every day. We will continue to enhance digital payment services through the deployment of breakthrough contactless payment technology like Apple Pay, bringing faster and more convenient financial services to our customers."

Security and privacy are at the core of Apple Pay. When customers use BOC Card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by BOC Card. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there is no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone SE, iPhone 6 and later, iPad Pro, iPad (5th generation), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

For more information on Apple Pay, visit: http://www.apple.com/hk/en/apple-pay/.

For details of the promotional offers, please visit the BOCHK website at http://www.bochk.com/ or call the 24-hour BOC Card Hotline at (852) 2691 2323.

Attachment: Promotional Offers of BOC ATM Card when spending with Apple Pay

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Bank of China (Hong Kong) Limited ("BOCHK") is a leading commercial banking group in Hong Kong with strong market positions in all major businesses. We have the most extensive local branch network and diverse service platforms, including 197 branches, efficient e-channels of over 1,000 self-service machines, as well as Internet and Mobile Banking services. We offer a comprehensive range of financial, investment and wealth management services to personal, corporate and institutional customers. In accordance with the strategic plan of BOC Group, we have been driving our regional development through the acquisitions of Bank of China Limited's ("BOC") institutions in Southeast Asia and the establishment of a Brunei Branch. We are actively expanding our business in Southeast Asia and transforming BOCHK into a regional bank.

BOCHK is one of the three note-issuing banks and the clearing bank for Renminbi ("RMB") business in Hong Kong. With our strong RMB franchise, we are the first choice of customers in this business. Through the deep collaboration with our parent bank, BOC, we provide a full range of high quality cross-border services to multinationals, cross-border customers, Mainland enterprises going global, central banks and super-sovereign organisations.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY".

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Attachment

1. Use BOC ATM Card with Apple Pay to enjoy HK$30 cash rebate (Promotion period is from 23 May 2017 - 31 July 2017)

   Cardholders can enjoy HK$30 Cash Rebate by using BOC ATM Card with Apple Pay throughout the promotion period.

   Remarks:

   • The HK$30 cash rebate offer is only applicable to the first 50,000 cardholders who add their BOC ATM Card to Apple Pay successfully and make at least a purchase with that card via Apple Pay during the promotion period.

   • Each cardholder (according to Hong Kong ID number) can only receive the HK$30 cash rebate offer once throughout the promotion period.

   • HK$30 cash rebate will be posted to the primary bank account by the end of September 2017.

2. Apple Pay Merchant Offers

   (Promotion period is from 23 May 2017 - 30 June 2017)

   Cardholders can also enjoy the offers below upon spending with Apple Pay by using BOC ATM Card.

   7-Eleven

   • Enjoy HK$10 instant discount upon single spending of HK$30 or above

   Remarks:

   • Offer is not applicable to purchase of cigarettes, milk powder, online game e-vouchers and other services. Offer is subject to a quota limitation and is on a first-come-first-served basis.

Terms and conditions apply. For details, please visit http://www.bochk.com/dam/more/boccard/applepay/popup_en.html

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