Central Banking

HKMA primed for mobile payments surge

HKMA gets ready for mobile and electronic payments surge

Esmond Lee

Click here to view the full article.

The policy objectives of the Hong Kong Monetary Authority (HKMA) on retail payment development can be summarised by four strategic goals: sound supervision; healthy development; enhanced competition; and consumer benefit.

Hong Kong has a population that embraces mobile technologies. The penetration rate of mobile services in Hong Kong, which stood at 228% as of March 2013, is one of the highest in the world. The penetration rates may be quite well known

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.