Hong Kong's financial sector to gain from new cross-border services: HKMA

Pedro Gonçalves
clock • 1 min read

The People's Bank of China and the Hong Kong Monetary Authority (HKMA) are working together to introduce cross-border mobile payments account openings and other wealth management services as part of the Greater Bay Area integration. "We will study with the PBOC and other mainland officials how to introduce more cross-border mobile payments to allow people in Hong Kong and the mainland to be able to use their smartphones with e-wallet mobile apps to make payments. We want to see more e-wallets to make it easier for cross-border retail payments," the authority's chief executive N...

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