Cyberport FinTech company Yintran has officially launched its rebranded e-wallet and payment solution services - 5D Pay. Initially developed as “Q*Platform” under the Cyberport Incubation Programme (CIP), the free-to-set-up digital wallet aims to make managing expenses convenient for individuals, businesses, and organisations.
Previously designed to provide secure and affordable HKD and CNY payment transfers via a smartphone, 5D Pay received its Stored Value Facility (SVF) license (SVF0014) from the Hong Kong Monetary Authority (HKMA) in 2019. It is currently connected to over 30 banks in the city, allowing merchants to open an SVF account via an AML and KYC-compliant system, and collect and disburse HKD payments 24/7. The company is currently one of 13 non-bank SVF licensees in Hong Kong.
Through the online platform, individual users can pay offline and online merchants, including public utility services, fast and hassle-free. It offers bank-grade security, with convenient payment gateway options, including FPS, banks, and QR codes. Users can also generate QR codes for requesting payments straight on the app. Money transfers are free and users can even use the app for completing global transactions in supported currencies and countries.
5D Pay also offers SMEs and large corporations a range of customised payment solutions, including invoice creation, payment approvals setting, staff payroll management, tax return filing for employees, and more.
With the e-wallet’s easy eKYC onboarding, straightforward layout, and hassle-free top-ups, users enjoy a secure and convenient payment experience right at their fingertips.
