What's New in Payments

Hong Kong links QR codes to faster payments to boost mobile wallet adoption

The launch of Faster Payment System (FPS) — Hong Kong Monetary Authority — “The FPS is a unique platform as it supports instant payments in the HKD and the RMB with the use of mobile phone numbers, email addresses or QR codes… A free mobile application tool, namely ‘Hong Kong Common QR Code’ (HKQR), is released today, which can be used for converting multiple QR codes from different payment service providers into a single, combined QR code. This would facilitate merchants, especially small and medium enterprises, in using a single QR code to accept different payment schemes, instead of displaying multiple QR codes to their customers.”




NFC World

Hong Kong moves towards NFC payments

Hong Kong Monetary Authority (HKMA)

The Hong Kong Monetary Authority (HKMA), the government body responsible for the maintenance and development of Hong Kong’s financial infrastructure, has announced plans to implement a series of retail payment initiatives, including a first step towards the introduction of an NFC payments platform... More


Feed for stories featuring Hong Kong Monetary Authority (HKMA).

• Find a list of all the companies and other organisations that have been featured in NFCW in our directory.