snoop1130 Posted December 1, 2023 Share Posted December 1, 2023 In a move set to redefine international payments, Hong Kong‘s Faster Payment System (FPS) joined hands with Thailand‘s PromptPay, unlocking a seamless cross-border QR payment linkage. Hong Kong and Thailand have unleashed a financial revolution, enabling residents to flex their digital wallets across borders. The cross-border QR payment linkage between Hong Kong’s FPS and Thailand’s PromptPay is set to transform the way we make payments internationally. For eager users diving into this innovative payment playground, the daily transaction limit is a generous HK$10,000 (45,000 baht). But that’s not all! Plans are already in motion to extend this groundbreaking linkage to other countries in the near future. Good news for Hong Kong merchants! Joining this revolutionary programme incurs zero fees, making it an irresistible opportunity to tap into the borderless future of payments. Say goodbye to traditional limitations and hello to a global marketplace accessible at your fingertips. By Puntid Tantivangphaisal Caption: Photo courtesy of godigit.com Full story: The Thaiger 2023-12-01 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe 1 Link to comment Share on other sites More sharing options...
hotchilli Posted December 1, 2023 Share Posted December 1, 2023 12 hours ago, snoop1130 said: Good news for Hong Kong merchants! Joining this revolutionary programme incurs zero fees, making it an irresistible opportunity to tap into the borderless future of payments. Say goodbye to traditional limitations and hello to a global marketplace accessible at your fingertips It is 2023 after all Link to comment Share on other sites More sharing options...
koolkarl Posted December 2, 2023 Share Posted December 2, 2023 With all info stored on government computers forever. You are tracked night and day when you use this payment method. Cash is the way to go as always. 1 Link to comment Share on other sites More sharing options...
khunjeff Posted December 2, 2023 Share Posted December 2, 2023 As usual, a lot of hyperbolic verbiage and zero explanation of how this would actually work in practice for travelers from Thailand to HK. 1 1 Link to comment Share on other sites More sharing options...
TravelerEastWest Posted December 2, 2023 Share Posted December 2, 2023 Sadly I don't think this will work for businesses in America as people often have cash reward credit cards... Link to comment Share on other sites More sharing options...
gargamon Posted December 2, 2023 Share Posted December 2, 2023 So this is China's way of taking over the world's currencies, instead of making the Yuan dominant. Link to comment Share on other sites More sharing options...
Caldera Posted December 2, 2023 Share Posted December 2, 2023 7 hours ago, khunjeff said: As usual, a lot of hyperbolic verbiage and zero explanation of how this would actually work in practice for travelers from Thailand to HK. You scan a Hong Kong QR code with your Thai banking app. Easy. 1 Link to comment Share on other sites More sharing options...
timendres Posted December 2, 2023 Share Posted December 2, 2023 Hopefully the Thai banks are ready for the HK/Chinese hackers - they are not rookies. Link to comment Share on other sites More sharing options...
Lemsta69 Posted December 2, 2023 Share Posted December 2, 2023 6 minutes ago, Caldera said: You scan a Hong Kong QR code with your Thai banking app. Easy. What's the FX spread going to be like though? That's the $64,000 question. Link to comment Share on other sites More sharing options...
samtam Posted December 2, 2023 Share Posted December 2, 2023 13 minutes ago, Caldera said: You scan a Hong Kong QR code with your Thai banking app. Easy. And you can scan a Thai QR code with your FPS (on HSBC Hong Kong app)? Link to comment Share on other sites More sharing options...
jacko45k Posted December 3, 2023 Share Posted December 3, 2023 On 12/2/2023 at 1:20 PM, gargamon said: So this is China's way of taking over the world's currencies, instead of making the Yuan dominant. I was thinking this as Hong Kong is not an independent region in the slightest.....it must have benefits for China else it would not be happening. Link to comment Share on other sites More sharing options...
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