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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 ...
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks ...
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 ...
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]
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 ...
Most of the taxis in Hong Kong run on LPG (liquified petroleum gas) to reduce emissions. In August 2000, a one-off grant was paid in cash to taxi owners who replaced their diesel taxi with an LPG one. Since August 2001, all newly purchased taxis run on LPG. By the end of 2003, over 99.8% of the taxi fleet in Hong Kong ran on LPG. [13]
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. So using a private car as unlicensed taxis was known as "white license plate" (or translated as "white card")