# Thailand and Hong Kong start cross-border QR payment linkage

- Link: https://www.thailand-business-news.com/banking/115205-thailand-and-hong-kong-start-cross-border-qr-payment-linkage
- Published: 2023-12-01T11:10:44+07:00
- Author: Li Zhong

Hong Kong residents can now make payments in Thailand using their digital wallets
through a cross-border QR payment linkage between Hong Kong’s Faster Payment System(
FPS) and Thailand’s PromptPay.

## Key Takeaways

 * Hong Kong and Thailand have established a cross-border QR payment linkage, allowing
   residents of Hong Kong to make payments in Thailand and Thai tourists to pay 
   in Hong Kong using their digital wallets.
 * The daily transaction limit for this cross-border QR payment program is set at
   HK$10,000, with plans to explore similar linkages with other countries in the
   future.
 * Hong Kong merchants can join the program without incurring any fees, while Hong
   Kong users will have to pay foreign exchange costs and handling fees when using
   the service.

The daily transaction limit is set at HK$10,000 ($1,280), and seven banks and two
stored value facility operators in Hong Kong are participating in the program. Thai
tourists visiting Hong Kong can also make payments by scanning their digital wallets
with FPS.

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The Hong Kong Monetary Authority plans to explore similar cross-border QR payment
linkages with Indonesia, Malaysia, and Singapore. Merchants in Hong Kong will not
incur any fees, but users will have to pay foreign exchange costs and handling fees.
The Hong Kong FPS has 13 million registered users and sees an average of 1.3 million
transactions per day.