TRENDING: Inside Hong Kong’s New Faster Payment System
PYMNTS
NOVEMBER 6, 2018
These payments were typically only processed during work hours, could take days to clear and came with a price tag of up to HK $200 ($25.50 Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish.
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