BOC Hong Kong : BOCHK Will Bring Apple Pay To Cardholders Plans to Offer the Easy, Secure & Private Way to Pay

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14 June 2016

BOCHK Will Bring Apple Pay To Cardholders Plans to Offer the Easy, Secure & Private Way to Pay

BOC Credit Card, a wholly-owned subsidiary of Bank of China (Hong Kong) ("BOCHK") and one of the major card issuers in Hong Kong, will bring its cardholders Apple Pay, which transforms mobile payments with an easy, secure and private way to pay that's fast and convenient, this summer.

BOC Credit Card has been proactively developing its electronic channels and mobile payment solutions with product and service innovation in order to cater to the different financial needs and lifestyles of cardholders. With Apple Pay, BOC Credit Cardholders will be able to enjoy a fast, convenient and secure mobile payment service.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or 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 authorized with a one-time unique dynamic security code.

Ms Kamill Fung, Deputy General Manager of BOC Credit Card (International) Limited, said, "BOC Credit Card will enhance its digital payment services through the deployment of breakthrough contactless payment technology, and we are excited to bring Apple Pay to BOC Credit Cardholders this summer. With Apple Pay, BOC Credit Cardholders will have a more convenient and secure way to make purchases in stores and within apps, transforming the way they pay every day."

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In participating stores, Apple Pay works with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE and Apple Watch.

Online shopping in apps accepting Apple Pay is simple, without needing to repeatedly fill out lengthy account forms or type in shipping and billing information. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

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About Bank of China (Hong Kong) Limited

BOCHK is a leading listed commercial banking group in Hong Kong with strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 220 branches, efficient e-channels of over 1,000 self-service machines, Internet and mobile banking services, as well as corporate banking centres. It offers a comprehensive range of financial, investment and wealth management services to personal, corporate, SME and institutional customers. BOCHK is one of the three note-issuing banks and the Clearing Bank for Renminbi business in Hong Kong. With its strong RMB franchise, BOCHK is the first choice for customers in this business. Through the deep collaboration with its parent bank, BOC, it provides 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 listed on the main board of the Stock Exchange of Hong Kong, with stock code "2388", ADR OTC Symbol "BHKLY".

About BOC Credit Card (International) Limited

BOC Credit Card (International) Limited ("BOCCC") was established in 1980 and is a wholly-owned

subsidiary of Bank of China (Hong Kong) ("BOCHK"). All credit cards issued by BOCCC are collectively called BOC Credit Cards. BOCCC has issued various international credit cards and revolving loan cards, and is now the card issuing and acquiring processing centre for BOCHK and its subsidiary bank, Chiyu Banking Corporation, as well as other institutions and organisations. BOCCC plays an important role in the credit card business in the Mainland of China, Hong Kong and Macau.

BOCCC provides a wide variety of products to serve different market needs. Its product family includes UnionPay Dual Currency Diamond and Platinum Card, Visa Infinite, World MasterCard, Visa and MasterCard Platinum Card, Titanium Card, Gold Card, Classic Card, Business and Corporate Card, Purchasing Card, Co-branded Card (with over 30 co-branding corporations and organisations), Intown Virtual Credit Card, and BOC Express Cash Card. It also took the lead in launching the UnionPay Card Payment Service in Hong Kong in January 2004.

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