Hong Kong, Mainland China Launch Payment Connect for Real-Time Cross-Border Transactions
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the official launch of Payment Connect, a new cross-boundary payment system linking Hong Kong’s Faster Payment System (FPS) and Mainland China’s Internet Banking Payment System (IBPS). The service will go live… Read More
Read more in: Asia, Fintech | Tagged china, hkma, hong kong, Payment Connect, payments, pboc, peoples bank of china