The Hong Kong Monetary Authority has approved a first batch of five payment

The Hong Kong Monetary Authority announced on August 25, in accordance with the payment system and stored value payment instruments regulation to the five stored value payment instruments (SVF) SVF licence issuer granted, namely PayPal wallet, take tours, Wechat Pay, TNG e-purse and Octopus card. Moschino iPad air cases Moschino iPad air cases

The HKMA Norman Chan said:

"A licence granted first SVF, Hong Kong has entered a new stage of development of retail payments. Implementing the SVF licensing system, conducive to the introduction of new retail payment instruments and used, while protecting the interests of users, and in turn boost public confidence in the use of the products and services, and help promote local innovation and development of retail payments. "

It is reported that, after a total of more than more than 20 SVF operators to apply for licences, the HKMA will issue a second batch before the November 13 SVF licence. Local media said "our electronic payment battle."