Hong Kong, a bustling city known for its financial prowess, recently faced a devastating tragedy that shook the nation. A No. 3 alarm fire at New Lucky House in Jordan led to multiple casualties and injuries, leaving the Chief Executive, Mr. John Lee, deeply saddened. In response to the incident, Mr. Lee extended his heartfelt condolences to the affected families and individuals.
The Chief Executive’s swift actions included directing the Hospital Authority to prioritize the care of the injured. He also called upon the Hong Kong Police Force and the Fire Services Department to thoroughly investigate the cause of the fire and the resulting heavy toll. Furthermore, Mr. Lee ensured that the Home Affairs Department and the Social Welfare Department, among others, were actively involved in managing the aftermath and providing essential support to the affected families and residents.
In a quest for seamless cross-border payment solutions, Hong Kong and Thailand have come together to launch an innovative initiative. The Financial Services and Treasury department engaged in a productive exchange during the Legislative Council session, shedding light on the FPS x PromptPay Link collaboration executed by the Hong Kong Monetary Authority and the Bank of Thailand.
This cross-border payment venture allows travelers from both regions to engage in retail transactions using their mobile payment applications and scanning QR codes of merchants in the corresponding country. The initiative aims to enhance convenience and flexibility for visitors seeking secure payment options while overseas.
Through collaborative efforts, the FPS x PromptPay Link has seen a steady rise in merchant participation and transaction volumes since its inception. Both Hong Kong and Thai banks have been actively involved, expanding the network and accessibility of this cross-border payment solution for travelers.
Public reception of the FPS x PromptPay Link has been positive, with Hong Kong visitors in Thailand embracing the new payment method. To further promote this initiative, a series of targeted campaigns and promotions have been launched to raise awareness and encourage usage among travelers.
Overall, the partnership between Hong Kong and Thailand in the realm of cross-border payment solutions exemplifies a forward-looking approach to enhancing financial connectivity and convenience for international visitors. The commitment to seamless transactions reflects a progressive mindset aimed at fostering stronger ties between the two regions.