HSBC is set to take on rival Joint Electronic Teller Services ( Jetco ) by launching its own peer - to - peer mobile banking app for Hong Kong customers . The Payme app is open to customers from any bank , and allows them to transfer money to friends using the bank 's mobile phone number . In 2016 , Jetco launched its own P2P platform in partnership with the local banks , and expects to expand the service this year .
HSBC is set to take on rival Joint Electronic Teller Services (Jetco) by launching its own peer-to-peer mobile payment app for Hong Kong customers. The Payme app is open to customers from any bank, and allows them to send money to friends using the recipient's mobile phone number. In 2016, Jetco launched its own P2P platform in partnership with four local banks, and expects to expand the service this year.