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Compliance Corner: Hong Kong Monetary Authority
Editorial Staff
6 November 2023
Hong Kong Monetary Authority FPS x PromptPay QR Payment: The HKMA is working with the Bank of Thailand to link Hong Kong’s Faster Payment System (FPS) and Thailand’s PromptPay, in a new service called “FPS x PromptPay QR Payment,” scheduled for launch on 4 December. Users will be able to scan and pay at over eight million PromptPay merchants in Thailand using their mobile phones.
The has announced several initiatives for the jurisdiction’s fintech sector.
Here are some of the HKMA’s announcements:
Tokenization in the bond market: After Hong Kong issued a tokenizd government green bond earlier this year, the HKMA is in talks with market participants to explore further use cases for distributed ledger technology (DLT) in capital markets, including a second tokenized government green bond.