Alipay is going to launch cross-border remittances between Malaysia and Pakistan. Photo: AFP

Alibaba’s mobile payment platform Alipay has announced the launch of an app in Hong Kong that will handle mobile payments in HK dollars.

“Introducing local currency mobile payments to Hong Kong is an important step forward in Ant Financial’s mission to bring our services to more users in more markets,” Reuters quoted Douglas Feagin, president of global business as saying.

While the standard Alipay app is supported in 120,000 retail locations across 70 overseas markets, until now all transactions had been executed in yuan.

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