HK Stock Market Move | YEAHKA (09923) rose more than 10% in early trading, third-party payments usher in new overseas opportunities, the company's Q3 overseas business grew by nearly 50% year-on-year.

YEAHKA (09923) rose more than 10% in the morning trading session, up 6.53% as of the time of writing, at 9.3 Hong Kong dollars, with a turnover of 42.4092 million Hong Kong dollars. Industrial points out that under the new economic situation, the continued promotion of opening up to the outside world has brought important development opportunities for related payment services. Overseas sales of payment equipment have shown strong growth. Leveraging intergenerational advantages, Chinese POS manufacturers are breaking into overseas markets. According to Nielsen data, the top ten enterprises in POS machine shipments in 2022 are all Chinese enterprises, accounting for approximately 63% of the shipment market share. In addition, with the development of cross-border e-commerce and cross-border tourism, domestic third-party payments are welcoming new opportunities for going overseas. YEAHKA previously announced that total payment transaction volume (GPV) in the third quarter of 2024 increased by 7.9% compared to the previous quarter, with average transaction amounts, daily transaction volumes, and peak daily transaction volumes all continuing to rise. Overseas business, as a focus of YEAHKA's efforts in recent years, grew by nearly 50% year-on-year in the third quarter. One aspect is expanding the merchant base through Mastercard and Visa payment channels, currently covering car dealerships, entertainment venues, and one-stop self-service payment machine providers. Another aspect is cooperation with overseas companies in which the company has invested, allowing YEAHKA to jointly promote digital merchant solutions and expand its service products.