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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]
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.
Speaking at the 2021 Hong Kong FinTech Week conference, Chan said the electronic system for immediate fund transfers and retail payments averaged 740,000 transactions per day worth HK$5.2 billion ...
Octopus card reader of a self-payment kiosk at a McDonald's restaurant in Hong Kong. Payments are made by holding the card against or within a few centimetres of an Octopus card reader. The reader acknowledges payment by emitting a beep, and displaying the amount deducted and the remaining balance of the card. [36]
Beginning in the 2000s many countries introduced e-visas and electronic travel authorisations (ETAs) as an alternative to traditional visas.An ETA is a kind of pre-arrival registration, which may or may not be officially classified as a visa depending on the issuing jurisdiction, required for foreign travellers who are exempted from obtaining a full visa.
As a result of both bilateral visa abolition agreements (e.g. between Hong Kong and Russia [4]) and unilateral decisions to grant visa exemptions (e.g. Myanmar), HKSAR passport holders enjoy visa exemptions and simplified visa procedures to a large number of destinations worldwide. Whilst the visa exemptions are mostly only for short trips for ...
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As a result, it will be more convenient for them to shop and trade in Hong Kong. Besides, the simplicity of the visa application process makes it beneficial. Since people are usually not willing to perform complicated procedures to apply for visas before visiting another place, the Individual Visit Scheme helps encourage visitors to Hong Kong.