Hong Kong and Thailand join FPS with PromptPay, unlocking cross-border QR payment linkage
In a move set to redefine international payments, Hong Kong‘s Faster Payment System (FPS) joined hands with Thailand‘s PromptPay, unlocking a seamless cross-border QR payment linkage.
Hong Kong and Thailand have unleashed a financial revolution, enabling residents to flex their digital wallets across borders. The cross-border QR payment linkage between Hong Kong’s FPS and Thailand’s PromptPay is set to transform the way we make payments internationally.
For eager users diving into this innovative payment playground, the daily transaction limit is a generous HK$10,000 (45,000 baht). But that’s not all! Plans are already in motion to extend this groundbreaking linkage to other countries in the near future.
Good news for Hong Kong merchants! Joining this revolutionary programme incurs zero fees, making it an irresistible opportunity to tap into the borderless future of payments. Say goodbye to traditional limitations and hello to a global marketplace accessible at your fingertips.
While the path to financial freedom is paved for merchants, users must navigate a landscape of foreign exchange costs and handling fees. The daily transaction limit, set at a hefty HK$10,000, opens the door to substantial spending power, but it’s essential to tread wisely in this new digital frontier, reported Thailand Business News.
Your Hong Kong escapade just got a futuristic upgrade. Simply scan your digital wallet with FPS, and voila – your payments are as effortless as the breathtaking skyline. It’s time to experience a cashless adventure with QR payment in the vibrant streets of Hong Kong.
Plans are underway to extend cross-border QR payment linkages to Indonesia, Malaysia, and Singapore.
In related news, Hong Kong extended an open invitation to Thailand to engage in a meaningful Edtech collaboration aimed at advancing educational technology in both regions. This is to enhance student learning and facilitate teachers in crafting personalised lessons and promoting active classroom engagement. Read more about this story HERE.
