Faster Payment System

Faster Payment System (FPS) enables customers in Hong Kong to make cross-bank/e-wallet payments easily, by entering the virtual account number or by scanning the FPS QR code to make instant transfers.

Payment flow

  • Choose Faster Payment System.
FPS select payment method
  • There are 2 ways to complete the transaction: a) By scanning the QR code. b) By transferring funds to the specified account number.
FPS complete transaction
  • Authenticate the transaction using any supported bank apps.
FPS authenticate
  • Once successful, the user will be redirected to confirmation page.
FPS successful

Faster Payment System

name description
Countries HongKong flag HK
Type Bank Transfers
Processing currencies HKD
Supported currencies Refer to currency codes
Payment confirmation time Instant
Chargebacks No
Refunds No
Onboarding required No
Recurring Payments No
Mobile UI Yes
Opens new window No
Min Transaction Limit 3.00 HKD
Max Transaction Limit 5,000,000 HKD

Available models:

  • Merchant.

Included with your Paymentwall account.

  • MOR.

Terminal 3.