Bank of China (Hong Kong) ('BOCHK') announced today that, as one of the fee collection service providers of new parking meters, it will provide integrated fee collection and payment services for the new parking meters to be lanuched by the Transport Department, bringing diverse payment options and greater convenience to motorists.
The Transport Department will launch the new parking meters starting from 20 January 2021. The installation of about 12,000 new parking meters, which will replace the existing ones, are expected to be completed in the first half of 2022. BOCHK's BoC Bill will offer an integrated fee collection service for the new parking meters, accepting contactless payments including contactless credit cards such as Visa payWave, Mastercard Contactless and UnionPay QuickPass, as well as the associated mobile wallets (i.e. Apple Pay, Google Pay and Samsung Pay). It also accepts QR code payments including UnionPay QR, which supports BoC Pay and UnionPay App, the Faster Payment System, AlipayHK and WeChat Pay.
Huang Jinyue, General Manager, BOC Credit Card (International) Co. Ltd, said, 'With electronic payment becoming increasingly popular, BOCHK's BoC Bill Integrated Billing Service supports diverse payment options that enable merchants and customers to conduct cashless transactions effortlessly. We are committed to promoting electronic payment for everyday spending and to supporting Hong Kong's development as a smart city by collaborating with various merchants and organisations. As of the end of 2020, the number of merchants that accept BoC Bill grew by 53% compared to 2019. As commuting is an integral part of one's daily life, BOCHK began to offer electronic payment options for some of the franchised bus routes last year.
This year, with the launch of the new parking meters, we provide diverse electronic payment options to facilitate easier payment for drivers. Going forward, BOCHK will continue to extend electronic payment to other transport means to bring greater convenience to commuters.' In addition, BOCHK customers can earn gift points by paying their parking fees with BoC Pay at the new parking meters. For every HK$1 spent, one gift point is earned. Every 250 gift points can be used to offset HK$1 when paying for parking. With the Monday's Surprise offer, customers can offset HK$1 of parking fees with just 200 gift points, saving 20% of gift points and innovating the parking payment experience for cusomers.
For more details and the relevant terms and conditions of BoC Pay, please visit https://www.bochk.com/creditcard/promo/offer_bocpay/eng/offer/.
The above offers are subject to terms and conditions.
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Bank of China (Hong Kong) Limited
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 in Hong Kong, including more than 190 branches, 280 automated banking centres, 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. To implement the overseas development strategy of BOC Group, we strive to drive our regional development by expanding our business in the Southeast Asian region. Our branches and subsidiaries have been extended to Southeast Asian countries such as Thailand, Malaysia, Vietnam, the Philippines, Indonesia, Cambodia, Laos and Brunei, with the provision of professional and high-quality financial services to local customers. We will also expedite our development into a top-class, fullservice and internationalised regional bank.
BOCHK is one of the three note-issuing banks and the sole 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 crossborder 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'
BANK OF CHINA LIMITED 
