Hong Kong and Thailand to set up cross-border payments link

New QR code payment link is the latest addition to similar initiatives in the region

global networks

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand will launch a new bilateral cross-border payments link from December 4.

Eddie Yue, HKMA’s chief executive, made the announcement today (November 2) at the Hong Kong FinTech Week.

The new infrastructure will connect the two jurisdictions’ instant payment systems – Hong Kong’s Faster Payment System (FPS) and Thailand’s PromptPay.

Hong Kong travellers in Thailand will be able to make purchases at over 8 million PromptPay merchants

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

Most read articles loading...

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

.