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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.
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [5] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
PayMe (officially known as PayMe from HSBC) is a mobile payment service from HSBC, currently available only for Hong Kong users with local phone numbers and banks. Users can pay businesses, transfer money to one another using a mobile app , linked to their credit card or (any local) bank account.
The Hong Kong lions are depicted on banknotes of the Hong Kong dollar issued by HSBC. They are seen as one of the key symbols of HSBC, so much so that HSBC is locally known in Hong Kong as "the Lion Bank". The HSBC lions are also shown on all HSBC credit and debit cards in their 2017 card design. [11]
In mainland China, HSBC has the largest services network among foreign banks. The bank offers a full range of services that cater to both middle-class individuals (Premier Banking Service) and to business-oriented individuals as well, from a robust network of 37 main branches, and 23 smaller branches, also known as sub-branches (支行) in Chinese.
The cards are used by 98 percent of the population of Hong Kong aged 15 to 64 [1] and the system handles more than 15 million transactions, worth over HK$220 million, every day. [ 1 ] The Octopus card system was the world's second contactless smart card system, after the Korean Upass .
There are three ATM networks in Hong Kong: ETC (HSBC and Hang Seng Bank only), JETCO (all remaining banks) and ÆON. ATM use is free of charge when the card is issued by its respective network. Otherwise, HKD$15–30 is paid for service charges for out-of-network cards. [citation needed]