Hong Kong FPS Faster Payment System: A detailed guide to usage and avoiding pitfalls
Faster Payment System (officially known as Faster Payment System; English: Faster Payment System, abbreviation: FPS) is Hong Kong’s free real-time transfer platform for Hong Kong dollars and Renminbi. Faster Payment System can only transfer Hong Kong dollars and Renminbi. Some banks may use the Faster Payment System/Local Transfer transfer function to transfer US dollars, but in fact, they are using the local transfer method of CHATS, not Faster Payment System...