10-Jan-18, South China Morning Post
The wait will soon be over for Hongkongers wishing to perform real-time fund transfers around the clock, after the government confirmed that a faster payment system linking major banks and electronic payment platforms would kick off in September 2018.
%20Dickson%20Lee_SCMP.jpg "Bank to e wallet instant fund transfers to launch in Hong Kong (c) Dickson Lee SCMP")
Image: Dickson Lee / SCMP
A pilot scheme is also in the works to allow people to pay government bills using their electronic wallets, which have been fast developing in the city.
Hongkongers are no strangers to electronic payments – they now account for 60 per cent of total private consumption expenditure in the city.