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FPS (Hong Kong)

FPS

Hong Kong's instant payment system. Unique globally for native dual-currency support (HKD and RMB). Connects banks and stored-value facility operators (e-wallets). Users pay via phone number, email, or QR code. 24/7/365. Cross-border links to Thailand PromptPay, China e-CNY wallet, and mainland IBPS via Payment Connect (launched June 2025).

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether FPS (Hong Kong) is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for FPS (Hong Kong).

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for FPS (Hong Kong) in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads HKICL · Authoritative (T1) · 9 of 13 fields carry a source and a recorded date · latest sourced entry recorded 16 Apr 2026 · evidence details ↓

Record · FPS (Hong Kong)

Country
Hong Kong (HK)
Currency
Hong Kong Dollar / Chinese Yuan (HKD/CNY)
Operator
HKICL / HKMA
Type
FPS
Operating Window
24/7/365
Year Established
2018
Tier?
Tier 1
ISO 20022?
Native
Region
Asia-Pacific
Settlement Type?
Gross
Participants
32 banks + 10 SVF operators
Avg Daily Transactions
1.25M
Avg Daily Value
~HK$9B/day (2023 avg, CAGR 38% since 2019)
Availability
24/7/365
Notes

Settlement: HKD leg settled by HKMA, RMB leg settled by Bank of China (Hong Kong) as clearing bank. Part of HKD CHATS and RMB CHATS respectively. Payment Connect (June 2025) links FPS with mainland China's IBPS for real-time cross-boundary payments.

Reference Sources
HKICL
Authoritative (T1)Entry recorded Mar 12, 2026

Operations · FPS (Hong Kong)

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for FPS (Hong Kong) (1)

Coverage whose headline or summary names FPS (Hong Kong), or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the FPS (Hong Kong) operator or external.