Payment Connect
HKMCA Launches RMB Annuity Payouts for Hong Kong Retirees
HKMC Annuity Limited now allows retirees to receive monthly annuity payments in RMB via Payment Connect, easing cross-boundary financial needs.
Payment Connect
Hong Kong and Mainland China to Launch Payment Connect for Enhanced Cross-Boundary Transactions
The People's Bank of China and Hong Kong Monetary Authority announce Payment Connect, enhancing cross-boundary payment services between Mainland China and Hong Kong, launching on June 22, 2025.
Payment Connect
HKMA and PBoC Collaborate on Cross-Boundary Payment System Launch
The Hong Kong Monetary Authority and the People’s Bank of China have announced the launch of Payment Connect, a cross-boundary payment system set to enhance financial transactions between Hong Kong and Mainland China.