When traveling to the mainland with family and friends, you can enjoy shopping and delicious cuisine while benefiting from up to 20 times protection offered for free by YAS and AlipayHK. This allows you to shop happily and travel safely! You can enjoy insurance coverage of up toHKD $100,000 for one single trip!
When travelers from Hong Kong enjoy shopping, dining,and fun times on their trips to the mainland with family and friends, YAS, in partnership with AlipayHK, launched the world's first dynamic insurance, offering free accident protection that converts every expenditure in the mainland into coverage. This innovative insurance plan automatically adjusts the coverage based on the traveler’s real-time spending during each trip, providing up to 20 times coverage based on the spending amount on that trip, ensuring a safer and more enjoyable experience. The more you spend, the higher the protection you will get, with a maximum coverage amount of HKD $100,000 for one single trip!
YAS has partnered with AlipayHK to offer free dynamic accident insurance for trips to the mainland. The more you spend, the higher the coverage!
With the increasing frequency of cross-border activities between Hong Kong and the mainland, more and more travelers are choosing to visit the Greater Bay Area for tourism, shopping, and dining. AlipayHK data shows that over 10 million people have used cross-border transportation services in the past year. YAS anticipates that this insurance plan will annually cover more than HKD $10 billion in spending. Through deep collaboration with AlipayHK, travelers can receive embedded automatic accident protection for free, ensuring that every trip is worry-free.
Andy Ann, CEO of YAS stated: “This collaboration between YAS and AlipayHK aims to provide travelers with convenient and seamless protection. Whether it is shopping, dining, or transportation, every expenditure automatically adjusts the accident coverage in real-time,with more spending leading to greater protection. We are committed to creating a relaxed and worry-free travel experience for every traveler, and we hope everyone can enjoy happy moments with family and friends during their trips to the mainland.”
Venetia Lee, CEO of AlipayHK stated: “This collaboration with YAS customizes protection for over 4 million AlipayHK users traveling to the mainland, ensuring users are protected whether they are taking transportation, dining, or shopping in every city across the mainland. As the use of AlipayHK for payments among residents traveling to the mainland becomes increasingly popular, we aim not only to make it easier for users to spend and travel, but also to take an extra step to enhance the sense of safety for Hong Kong travelers.”
YAS has partnered with AlipayHK to offer free dynamic accident insurance for trips to the mainland. The more you spend, the higher the coverage!
Double your spending, upgrade your protection!
● Coverage: Whether for shopping, dining, or entertainment, every expenditure made by travelers during their trips to the mainland will automatically trigger accidentinsurance. The coverage amount adjusts automatically based on the spending, with a maximum of 20 times coverage, requiring no additional procedures.
● Maximum single coverage of up to HKD $100,000: For each trip, travelers can enjoy accident insurance coverage of up to HKD $100,000 based on their spending amount, ensuring a safe trip.
● Free protection with no extra procedures required: This insurance service,launched in collaboration with AlipayHK, requires no additional actions from travelers. Travelers simply need to make daily purchases through AlipayHK and it will automatically grant extra protection, providing safety while traveling. Users can file claims through the YAS mini-program.
● Search for "YAS" or "First Accident Insurance" in the search bar at the top of the AlipayHK homepage to access the relevant page for details.
Innovative model, every transaction can protect your journ
This embedded dynamic accident insurance, offered by YAS and AlipayHK, marks a significant innovation in the insurance and payment industries. It not only provides travelers with convenient insurance coverage but also offers consumers an added sense of safety. With the growth of cross-border spending, YAS anticipates that this insurance scheme will set a new standard for travel insurance globally, delivering an unprecedented seamless protection experience for travelers.
This pioneering dynamic insurance is a new solution launched in collaboration between AlipayHK and YAS, seamlessly integrating insurance coverage with every purchase. It enhances consumer confidence, ensuring that travelers enjoy real-time, flexible, and convenient insurance services throughout their journey. This also provides additional safety for the over 400,000 travelers heading to the mainland daily, making it an essential protective force in their travel and shopping experiences.
This Personal Accident Insurance is underwritten by Assicurazioni Generali S.p.A. Hong Kong Branch ("Generali") and arranged by YAS Digital Limited. AlipayHK is not involved in providing the above-mentioned product, and not an insurance intermediary or insurance agent of Generali or any other licensed insurance company.
For detailed policy coverage and exclusions, please refer to the policy terms.
As electronic payments become increasingly widespread, AlipayHK has helped local merchants gain access to 21 overseas e-wallets, attracting global tourists to spend in Hong Kong. During the May Day Holiday this year, the visitor spending in Hong Kong increased by nearly 200%, bringing new impetus for development to local merchants.
The AlipayHK users can obtain unique experiences, including attending the fans-meetings with Tottenham Hotspur Football Club and watching NBA games, etc. by using the A. Points they can earn from all the recognized transactions throughout the year. Photo source: AlipayHK
With the significant popularization of electronic payment in Hong Kong, AlipayHK stated that the consumption scenarios of its over 4.5 million active users are very diverse, covering local and cross-border payments, e-commerce shopping, food and beverage delivery, digital entertainment, payment and remittance, transportation and online ride-hailing services, etc., all of which have recorded significant growth in transaction volumes, reflecting the increasing recognition of the Hong Kong market for e-wallet application.
Photo source: AlipayHK
Plans to be transformed into a Super App, covering the aspects of transportation, financial management, travel payment, etc.
AlipayHK launched the Bonus Point Program in 2023, which allowed users to directly offset consumption amount, redeem coupons from different merchants, participate in mini-games, and even attend the fans-meetings with Tottenham Hotspur Football Club and watch NBA games, etc. by using the A. Points they can earn from all the recognized transactions throughout the year.
AlipayHK stated that the company has now transformed from a payment tool App into a "Super App", providing services in multiple aspects such as "transportation", "payment", "Chill Life", "financial management", and "Travel +", etc.
AlipayHK pointed out that as a Super App, the company has collaborated with over 500 merchants this year, aiming to provide App users with diverse consumption choices from daily clothing, food and beverage, to transportation and travel. In order to let the cooperative merchants achieve better publicity effects and offer more high-quality services to consumers, AlipayHK will also provide various platforms to them.
AlipayHK had co-organized the Happy Shopping Festival with the Hong Kong Retail Management Association. Photo source: AlipayHK
Launched AlipayHK Online Shopping Discount Festival, spanning multiple popular shopping periods
AlipayHK mentioned that the company had co-organized the Happy Shopping Festival with the Hong Kong Retail Management Association, in which over 180 brands had participated and provided over one million coupons to consumers. In addition, AlipayHK has also launched the Online Shopping Discount Festival since October, spanning multiple popular shopping periods including Double Eleven, Black Friday, Cyber Monday, and Christmas, and building cooperation with various local merchants, such as Klook, IT, Sasa, Fortress and PARKnSHOP, etc. to provide discounts covering multiple online shopping categories including e-commerce, travel, in-game purchases, food and beverage delivery, insurance, etc., allowing users to gain additional rewards via AlipayHK, thus helps to stimulate the local consumption atmosphere.
AlipayHK has launched the Online Shopping Discount Festival since October. Photo source: AlipayHK
The visitor spending during the May Day Holiday has increased by nearly 200% compared to the previous year
Meanwhile, AlipayHK has continued to assist Hong Kong merchants in realizing digital upgrades, allowing more tourists from all over the world to make payments in Hong Kong. The local merchants cooperating with AlipayHK have earlier gained access to 21 e-wallets from different countries and regions with the support of Alipay+ under the Ant Group Global Enterprise, including Touch 'n Go eWallet from Malaysia, GCash from the Philippines, Changi Pay from Singapore, TrueMoney from Thailand, Kakao Pay from South Korea, Tinaba from Italy, etc. The overseas e-wallet users can scan the code to make payments at AlipayHK merchants after arriving in Hong Kong. According to the data from AlipayHK, the visitor spending of overseas e-wallets in Hong Kong has increased by nearly 200% during the May Day Holiday this year.
Since fraud cases have been on the rise recently, when asked how AlipayHK would enhance the App's anti-fraud measures, the company stated that users can start the account security safeguard installed in the App to strengthen the protection of their funds. The safeguard includes three core functions - verification of new device payment, protection of large amount transactions, and shielding of night transactions, ensuring that users can receive multiple identity verifications when using new devices and enhancing protection when they conduct transactions in the evening. Besides, users can also customize the transaction amount and time for triggering protection settings of the App, making every transaction more reassuring and reliable. To respond to the risks of fraud and money laundering, AlipayHK also provides the assistance of artificial intelligence (AI) to enhance the identity verification of users and continuously improve the App's anti-fraud mechanism. Moreover, the transaction risk prevention and control system installed in the App will also operate 24 hours a day to intercept suspicious transactions and conduct multiple verifications.
AlipayHK has collaborated with the Anti-Deception Coordination Centre of the Hong Kong Police Force to conduct the Campus Anti-Scam “Lemon Alliance” Campaign in 10 universities in September to raise young people's awareness of anti-fraud. Photo source: AlipayHK
AlipayHK mentioned that the company has collaborated with the Anti-Deception Coordination Centre of the Hong Kong Police Force to conduct the Campus Anti-Scam “Lemon Alliance” Campaign in 10 universities in September. Encouraging the students to set up safe payment settings, the event has also raised young people's awareness of anti-fraud by displaying anti-fraud publicity vehicles and distributing anti-fraud brochures to them.
