Citibank Hong Kong has teamed up with 3 Hong Kong, the mobile arm of Hutchison Telecommunications, to launch a mobile wallet service that will cater to subscribers with Citibank Visa credit cards. 

The product, 3 Citi Wallet, is a multi-purpose mobile wallet service that includes mobile payment, transaction history, a location-based special offer service and a search function that points users to deals within their vicinity. Users can assign up to three Citibank Visa credit cards to the wallet for payment. 

"Mobile payment is a world trend today, with global mobile payment transaction value expected to surpass $235 billion in 2013, a 44 per cent year-on-year increase, and mobile payment users reaching 245.2 million in 2013, up from 200.8 million in 2012. In Hong Kong, the mobile subscriber penetration rate exceeds 230 per cent," said Amy Lung, managing director of 3 Hong Kong, in a statement.

The offer starts 1 November 2013.