Angus Choi, Jetco CEO says: "Mobile payment is on track to become a part of daily life for Hong Kong public. 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 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 .