Payment Connect
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.