According to the official announcement, the People’s Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony for the interconnection of the Mainland and Hong Kong Rapid Payment Systems. The Cross-Border Payment Portal will go live on June 22, 2025. The launch of the Cross-Border Payment Portal is beneficial for enhancing the efficiency and service level of cross-border payments between the two regions, facilitating trade and personnel exchanges, and consolidating and enhancing Hong Kong’s status as an international financial center.
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The Central Bank announced: The Hong Kong-Macau cross-border payment system will be launched in June 2025.
According to the official announcement, the People’s Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony for the interconnection of the Mainland and Hong Kong Rapid Payment Systems. The Cross-Border Payment Portal will go live on June 22, 2025. The launch of the Cross-Border Payment Portal is beneficial for enhancing the efficiency and service level of cross-border payments between the two regions, facilitating trade and personnel exchanges, and consolidating and enhancing Hong Kong’s status as an international financial center.