Citibank and AlipayHK have announced the launch of a points conversion programme, enabled by open API technology. Under the programme, customers with an AlipayHK e-wallet can redeem AlipayHK Coupons with points earned through Citi credit card.
By linking a designated Citi credit card to their AlipayHK account and authorising the Citi Points conversion programme, customers can check the balance of Citi Points on the related page in the AlipayHK App and use such Citi Points instantly to redeem for AlipayHK Coupons in order to enjoy discounts. AlipayHK covers a growing number of local partner merchants and bill payment services.
The minimum aggregate value of AlipayHK Coupons that can be converted under each redemption is HK$100 and the maximum aggregate value of AlipayHK Coupons that can be converted by the same AlipayHK account per day is HK$1,000. The face value of each AlipayHK Coupon is either HK$50 or HK$20. It can be used at AlipayHK's partner merchants' physical stores, for AlipayHK's bill payment and other services when customers make a single net spending at or exceeding HK$51 or HK$21 respectively with AlipayHK e-wallet.
"Since Citibank became the first bank in Hong Kong to make available APIs for the developer community in 2017, we have been working with different business partners to build a comprehensive digital ecosystem that fits our customers' daily lives," said Lawrence Li, head of Cards and Unsecured Lending at Citibank Hong Kong. "Through the application of open API technology, we are pleased to partner with AlipayHK to enhance customer experiences in electronic payment and credit card points conversion, providing a flexible way to spend and pay in line with the preference of the local consumers."
"In future, we will continue to explore other possibilities of open API for users," added Jennifer Tan, chief executive officer of Alipay Payment Services (HK) Limited (APSHK).
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