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HKICL · Launched 2018
Hong Kong's instant interbank rail, free between consumers and addressable by phone number or email.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: Market estimate; FPS is free between consumers.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a HK$100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Hong Kong | HK$1.00 | HK$1.00 | 1% | 2 Jul 2023 | Estimate |
Every recorded change, newest first, with the movement from the rate it replaced.
In Hong Kong, on the online channel: HK$1.00, in force since 2 Jul 2023 (estimate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: Hong Kong. A market missing from the list has not been recorded yet, which does not mean FPS (Faster Payment System) is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
