How Does the Faster Payment System Work?

1. Registration Users can link their bank accounts or e-wallets to their mobile phone numbers, email addresses, or unique FPS ID.
2. Transfer Initiation Payments are initiated by selecting the recipient's identifier (e.g., phone number, email, or FPS ID) and specifying the transfer amount.
3. Real-Time Processing The system instantly verifies the details and processes the payment in real-time, ensuring funds are credited immediately to the recipient's account.
4. Cross-Bank and Cross-Platform Integration FPS eliminates the need for users to rely solely on traditional bank transfers, enabling interoperability between banks and e-wallets.

How to Use the Faster Payment System?

1. Link Your Account
   1. Register your bank account or e-wallet with your phone number, email, or FPS ID.
   2. Most major banks and payment apps in Hong Kong support this service.
2. Initiate a Transfer
   1. Log into your banking app or e-wallet.
   2. Select the "FPS" option, enter the recipient's identifier, and confirm the transfer amount.
3. Receive Payments
   1. Share your registered phone number, email, or FPS ID with the payer.
   2. Payments will be deposited into your account instantly upon confirmation.
4. Cross-Border Payments
   1. While FPS primarily facilitates local transactions, its ability to handle RMB makes it a viable option for cross-border payments with Mainland China.

PhotonPay: Enhancing Payment Efficiency for Global Businesses

Why Choose PhotonPay for International Transactions?

1. Global Coverage
   1. Accept payments in multiple currencies without conversion losses.
   2. Open 11 local currency accounts online for seamless international collections.
2. Business Efficiency
   1. Streamline payment workflows for e-commerce, SaaS, logistics, and more.
   2. Compatible with platforms like Amazon, Shopify, and other global marketplaces.
3. Secure and Reliable
   1. PhotonPay is compliant with global security standards, ensuring safe and efficient transactions.