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Stored value facilities licences granted, five organisations - Alipay Financial Services (HK), HKT Payment, Money Data, TNG (Asia), and Octopus Cards

Stored value facilities licences granted, five organisations - Alipay Financial Services (HK), HKT Payment, Money Data, TNG (Asia), and Octopus Cards

25/08/2016 0
Hong Kong's Information Services Department, August 25, 2016 The Monetary Authority has granted stored value facilities licences to five organisations - Alipay Financial Services (HK), HKT Payment, Money Data, TNG (Asia), and Octopus Cards.   The licences were issued under the Payment Systems & Stored Value Facilities Ordinance which came into effect in November to empower the Monetary Authority to implement a mandatory licensing system for multi-purpose stored value facilities (SVF) and perform supervision and enforcement functions.   The authority’s Chief Executive Norman Chan said the ...
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HSBC pushed Mobile Wallet

HSBC pushed Mobile Wallet

01/11/2012 0
(Roundup) (Sing Tao Daily reported), the growing popularity of electronic payments, HSBC yesterday launched Hong Kong's first mobile payment service. It said that customers could make credit-card transactions of up to HK$500 just by waving their smartphones at any suitably equipped checkout counters with Visa PayWave reader. The technology would be made available for free to the first batch of eligible customers who registered with the bank, it said. ...
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