3 Citi Wallet launches in Hong Kong

Uses near field communication (NFC) technology.

3 Hong Kong and Citibank Hong Kong have launched "3 Citi Wallet," the mobile wallet service exclusively for people who are both 3 Hong Kong mobile subscribers and designated Citibank Visa credit card1 users. 3 Hong Kong is the mobile operation of Hutchison Telecommunications Hong Kong Holdings Ltd.

Using NFC technology, ‘3 Citi Wallet’ is a multi-purpose mobile wallet service that includes mobile payment, transaction history, a location-based special offer service and a search function that directs customers to the best deals within their vicinity. It turns mobile phones into digital wallets that offer consumers speed, convenience and benefits when they spend.

Mobile payment is a world trend with global mobile payment transaction value expected to surpass US$235 billion in 2013, a 44% on-year increase. Mobile payment users are expected to reach 245.2 million in 2013, up from 200.8 million in 2012. Hong Kong's mobile subscriber penetration rate exceeds 230%.

3 Citi Wallet is the only mobile wallet service in Hong Kong that supports both Android and iOS platforms. It is compatible with a wide range of NFC-enabled smartphones from Samsung, Sony, HTC, and LG, and iPhone 4, 4s, 5, 5s and 5c.