Faster Payment System

Hong Kong Activates ‘Faster Payment System’ with 450,000 Public Registrations

October 2, 2018 0 0

Hong Kong has become the latest nation to introduce a 24×7, instant payments system as a fintech upgrade for retail payments in the country. Aptly dubbed the Faster Payment System (FPS), the initiative was first announced by the Hong Kong Monetary Authority (HKMA) – the country’s defacto central bank – two weeks ago. The new platform operates in real-time, […]

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