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Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2]
Boarding a bus in Hong Kong without using the Octopus card requires giving exact change, making it cumbersome compared to using the Octopus card. By November 1998, 4.6 million cards had been issued, and rising to 9 million by January 2002. [5] In 2000, the Hong Kong Monetary Authority granted a deposit-taking company licence to the operator ...
Electronic Payment Services (simplified Chinese: 易办事; traditional Chinese: 易辦事; pinyin: Yì bànshì), commonly known as EPS, is an electronic payment system based in Hong Kong, Macau, and with limited acceptance in Shenzhen since it began operations in 1985.
As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting ...
PayMe was introduced as a standalone mobile app, offering P2P social payment. [14] Users register via a Facebook account or Hong Kong mobile phone number and authorise access to a credit card or local bank account (not necessarily an HSBC account), from which the balance can be topped up, and a bank account to receive money.
A white card (Chinese: 白牌) is a citizen-owned automobile in Hong Kong used as an illegal unlicensed taxi. The term is a reference to fake taxi licenses. Actually it refers to the white license plates. Before 1983, taxis in Hong Kong had black license plates, while private cars had white license plates.
In some places, like some African cities and also Hong Kong, share taxi minibuses are overseen by syndicates, unions, or route associations. [4] These groups often function in the absence of a regulatory environment [ 4 ] and may collect dues or fees from drivers [ 4 ] (such as per-use terminal payments, [ 4 ] sometimes illegally), set routes ...
The vast majority of taxis in Hong Kong are owned by 17 independent taxi companies, although a few taxis are independently owned and operated. As of 2024, there are 18,163 taxis in Hong Kong, of which 15,250 were urban taxis, 2,838 were New Territories taxis, and 75 were Lantau taxis. Every day they serve about 1.1 million, 207,900 and 1,400 ...