Hong Kong’s first API exchange platform – JETCO APIX commences operation providing 6over 200 APIs from 13 banks

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Hong Kong’s first API exchange platform – JETCO APIX commences operation providing over 200 APIs from 13 banks

Hong Kong, 14 January 2019 ─ Joint Electronic Teller Services Limited (“JETCO”) today announced the official launch of its JETCO APIX exchange platform, which will provide over 200 APIs from 13 banks. These APIs cover product and service information including deposit, foreign currency exchange, loans, investment, insurance and other general banking services such as safe deposit box, branch and ATM.

JETCO APIX is Hong Kong’s first open API exchange platform that supports cross-industry operation. Its target customers cover companies in all industries, ranging from banks to third-party service providers and application developers. The platform provides easy and seamless connectivity for users, allowing them to collaborate and co-create new products and services in a safe and standardised environment, leading to shorter time-to-market at lower cost.

Effective today, individuals and organisations can access the platform by creating an account in the JETCO APIX website (www.apix.com.hk) through a simple and fast registration process. The platform will also provide a sandbox for users to test their products. The 13 banks providing the APIs include The Bank of East Asia, Bank of Communications (Hong Kong), Citibank, China Construction Bank, Chong Hing Bank, China CITIC Bank International, CMB Wing Lung Bank, Dah Sing Bank, Fubon Bank (Hong Kong), ICBC (Asia), OCBC Wing Hang Bank, Public Bank (Hong Kong) and Shanghai Commercial Bank.

Angus Choi, Chief Executive Officer of JETCO, said: “Open banking is a global trend that will help drive innovations and enhance the competitiveness of the local financial industry. JETCO APIX enables banks to connect with third-party service providers and exchange product and service information easily via API integrations, which will significantly reduce the time required for them to build up business relationships. This will greatly facilitate the growth of Hong Kong’s API economy. Going forward, we will focus on expanding our cooperation with third-party service providers, helping them to connect to the bank’s platforms so that consumers can enjoy more one-stop service and better customer experience.”

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About Joint Electronic Teller Services Limited

Joint Electronic Teller Services Limited (‘JETCO’) was established in 1982 by five banks: Bank of China (Hong Kong) Limited; The Bank of East Asia, Limited; Chekiang First Bank Limited (currently OCBC Wing Hang Bank Limited); Shanghai Commercial Bank Limited; and Wing Lung Bank Limited (currently CMB Wing Lung Bank Limited). In 2015, China UnionPay Co. Ltd. became a strategic investor of JETCO. Today, JETCO has more than 30 member banks in Hong Kong and Macau and supports a range of banking services for them across both regions.

JETCO currently operates more than 3,000 ATMs in Hong Kong, Macau and over 20 cities across mainland China, offering convenient, reliable local and cross-border ATM services.

JETCO also provides a range of value-added services to help member banks deliver innovative, secure online and mobile banking services to their customers. In February 2018, the company launched JETCO Pay Merchant Payment service offering in-store QR code payment as well as in-app and online payment solutions.

For more details, please visit www.jetco.com.hk.

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Charlotte Fan

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