The Hong Kong Monetary Authority (HKMA) is
considering the creation of an NFC mobile payments infrastructure,
as part of a wider focus on retail payment initiatives.
The implementation of an e-bill system is also
part of the plan, announced by HKMA deputy chief executive Peter
Pang during a speech last week.
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The authority said it will offer a single
consolidated platform for the straight-through processing of
presentments and payments. The platform will enable
business-to-customer and business-to business e-billing, as well as
charity donations.
The “concerted effort” of the HKMA and the
country’s banking industry has also resulted in the announcement of
a study of alternative payment instruments, including an
interoperable NFC mobile payment infrastructure.
“With the support of the banking sector, we
are confident that the retail payment infrastructure in Hong Kong
will continue to make good progress and enter into a new era of
diversified retail payments,” Pang said.
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