HKMA’s ‘e-wallet’ feature suspended weeks after launch - local media
“Autopay” feature of new payments system hit by fraud allegations; HKMA says security is robust
Part of the Hong Kong Monetary Authority’s new payments system has been suspended after allegations of fraudulent use, just weeks after its launch on September 28.
The HMKA ordered the immediate suspension of part of its new Faster Payment Service (FPS) after the initial complaints were filed, according a report on October 25 in local media outlet EJ insight.
The HKMA suspended the FPS’s autopay feature, which allows consumers to top up their “e-wallets” from their bank accounts, EJ Insight
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