Source: China – South China Morning PostHongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service on its first day of operation on Sunday.
The so-called Payment Connect was operating smoothly, with 2,000 Northbound and 7,400 Southbound transactions just after noon, according to a spokesperson for the Hong Kong Monetary Authority (HKMA).
The People’s Bank of China and the HKMA announced the linkage on Friday. Connecting Hong Kong’s Faster Payment System (FPS) to the…Read More