(Yicai Global) Nov. 30 -- Tencent  Holdings and Hang Seng Bank, part of HSBC Group, will join hands to help  Chinese users of social media application WeChat open bank accounts in  Hong Kong and pay via the mobile app in the special administrative  region.

Hang Seng Bank and Tencent have agreed to  partner to give customers innovative fintech services, the Hong  Kong-based lender said in a statement yesterday. 

The firms will enable Chinese customers  to open bank accounts in Hang Seng Bank via a WeChat mini-program. Hang  Seng will allow users of the Shenzhen-based company's WeChat Pay to  settle transactions with merchants in Hong Kong. WeChat Pay entered the  southern island region on Oct. 1.

"This collaboration will help both firms  provide Hong Kong and mainland China customers with a growing range of  efficient and convenient services that meet their evolving needs," said  Gilbert Lee, the lender's head of strategy & planning and chief of  staff.

"This deeper cooperation between Tencent  and Hang Seng will further promote fintech development in Hong Kong,"  said Philip Ma, the vice-president of Tencent Financial Technology.

Editor: Emmi Laine