A Prestigious Achievement in Hong Kong's Tech Ecosystem
We are thrilled to announce that StablePay, our innovative HKMA-compliant stablecoin payment platform, has been recognized as the 1st Runner Up at the AWS AI Hackathon Hong Kong 2025. This prestigious achievement, earned among 841 talented participants, validates our commitment to building cutting-edge financial technology solutions that address real-world challenges in the digital payments landscape.
The AWS AI Hackathon Hong Kong 2025 brought together the brightest minds in technology, all competing to showcase innovative applications of artificial intelligence and cloud computing. Being awarded the Silver Trophy by a distinguished panel of industry leaders from AWS, Cyberport, Hong Kong Science and Technology Parks (HKSTP), and the Hong Kong Computer Society (HKCS) is a testament to StablePay's technical excellence and business potential.
The Competition: 841 Participants, One Vision
The hackathon attracted participants from diverse backgrounds across the region, each bringing unique perspectives and innovative solutions to the table. Projects were evaluated across three critical dimensions:
- Business Value (33%): The practical impact and market potential of the solution
- Technical Implementation (33%): The quality, scalability, and innovation of the technical architecture
- Innovation & Creativity (34%): The originality and creative approach to solving problems
StablePay excelled across all three criteria, demonstrating not only technical sophistication but also a clear understanding of market needs and regulatory requirements in Hong Kong's financial ecosystem.
StablePay: Solving Real Problems in Digital Payments
StablePay was born from a critical observation: businesses operating in Hong Kong face significant challenges when accepting digital payments, particularly with stablecoins. The regulatory landscape is complex, compliance requirements are stringent, and the technical barriers to entry are high.
The Problem We're Solving
Traditional payment systems struggle with several key issues:
- High transaction fees that eat into merchant profits
- Slow settlement times that impact cash flow
- Complex regulatory compliance requirements
- Limited support for stablecoin payments despite growing demand
- Single points of failure in payment processing infrastructure
Our Innovative Solution
StablePay addresses these challenges through a comprehensive, HKMA-compliant platform that combines cutting-edge technology with regulatory expertise:
- Multi-Provider Architecture: Automatic failover between payment providers ensures 99.9% uptime and eliminates single points of failure
- Real-Time Settlement: Instant transaction processing and settlement improves cash flow for businesses
- HKMA Compliance: Built-in compliance with Hong Kong Monetary Authority regulations, including KYC/AML requirements
- Stablecoin Support: Native support for major stablecoins (USDT, USDC) with automatic conversion capabilities
- Enterprise-Grade Security: Bank-level encryption, secure key management, and comprehensive audit trails
"StablePay represents the future of digital payments in Hong Kong—combining regulatory compliance with technical innovation to create a platform that businesses can trust and rely on."
Technical Innovation That Impressed the Judges
What set StablePay apart in the competition was our holistic approach to solving payment challenges. The judges were particularly impressed by several key technical innovations:
Intelligent Payment Routing
Our AI-powered routing system automatically selects the optimal payment provider based on real-time factors including transaction cost, processing speed, provider availability, and historical success rates. This ensures every transaction is processed through the most efficient path.
Automated Compliance Engine
StablePay includes a sophisticated compliance engine that automatically handles KYC verification, transaction monitoring, and regulatory reporting. This reduces the compliance burden on merchants while ensuring full adherence to HKMA requirements.
Resilient Architecture
Built on AWS infrastructure, StablePay leverages cloud-native technologies to provide exceptional reliability and scalability. Our multi-region deployment ensures business continuity even in the face of infrastructure failures.
Recognition from Industry Leaders
Being evaluated by a panel comprising representatives from AWS, Cyberport, HKSTP, and HKCS added significant weight to this achievement. These organizations are at the forefront of Hong Kong's technology ecosystem, and their recognition validates StablePay's potential to make a meaningful impact in the fintech space.
The award has also garnered media attention, with coverage in the South China Morning Post (SCMP) highlighting StablePay's innovative approach to solving payment challenges in Hong Kong's digital economy.
What This Means for the Future
This award is not just a recognition of past work—it's a springboard for the future. The validation from industry leaders and the visibility gained through the competition open new doors for StablePay's development and adoption.
Our Roadmap Ahead
Building on this momentum, we're focused on several key initiatives:
- Platform Launch (Q4 2025): Bringing StablePay to market with full HKMA compliance and enterprise-ready features
- Merchant Partnerships: Onboarding early adopters in e-commerce, retail, and service industries
- Feature Expansion: Adding support for additional stablecoins and payment methods based on market demand
- Regional Growth: Exploring expansion opportunities across Asia-Pacific markets
- Ecosystem Integration: Building partnerships with banks, payment processors, and fintech platforms
Join Us on This Journey
The AWS AI Hackathon award is a milestone, but it's just the beginning of StablePay's story. We're building a payment platform that will transform how businesses in Hong Kong and beyond accept digital payments—making it faster, more reliable, and fully compliant with local regulations.
Whether you're a business looking for better payment solutions, a developer interested in fintech innovation, or an investor seeking opportunities in Hong Kong's digital economy, we'd love to connect with you.
Thank you to AWS, Cyberport, HKSTP, HKCS, and all the organizers and participants of the AWS AI Hackathon Hong Kong 2025. This achievement belongs to our entire team and the broader community that supports innovation in Hong Kong's technology sector.