The HKMA has launched the Faster Payment System (FPS). It enables instant payments in Hong Kong, providing consumers and merchants a safe, efficient and widely accessible retail payment service on a 24/7 basis.
Remarks: This payment method is only available to nonprofits who already have a HSBC business account in Hong Kong. For more details, please contact our CheckPlus Support Team.
1. Open a FPS Account With HSBC
Step 1 : Accept FPS payments
In order to add this payment method, you will need to contact HSBC to open a Business account and apply the Business Collect service where businesses can accept FPS payments.
Step 2 : Merchant ID
Once you are done, you will have a Merchant ID.
Please noted that, merchant ID is not same as FPS Identifiers .
Step 3 : Set up FPS in your Dashboard
You can then log in to your Online Account and go to Settings to enter your Merchant ID in the FPS section.
Payer Payment Flow
Step 1 :Choose "FPS" as a Payment Method
Payers choose "FPS" as payment method > Click "Confirm"
Step 2 : Place Order
Customers fill in their information and delivery details > Click "Place Order" from your store
Step 3 : FPS Payment page
Payers will be directed to a payment page with QR code.
If the payer is using PC to complete a payment, they can use any bank's payment app, which supports FPS, to complete the payment process.
If the payer is using mobile phone to complete a payment, they need to first screen capture the QR code on the page that shows the FPS QR code. Then use any bank's payment app, enter the page for scanning the QR code, press the button on the top right corner to upload the QR code to complete the payment process.
Step 4 : Payment confirmed
Payers will then be directed to the Payment Confirmation page once the payment is confirmed.