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ReportNOW - FPS

ReportNOW - FPS



ReportNOW x HSBC FPS
Real-Time Collection Function

  

     

ReportNOW x HSBC FPS
Real-Time Collection Function


The Faster Payment System (FPS) is a payment financial infrastructure introduced in 2018 by the Hong Kong Monetary Authority (HKMA) to enable instant payments in Hong Kong, providing consumers and merchants a safe, efficient and widely accessible retail payment service on a 24/7 basis. FPS offers individuals and businesses a new choice and experience for making payments in multiple currencies – Hong Kong dollar (HKD) and Renminbi (RMB) – in real time.

Recognizing the potential of FPS to become a new e-payment trend in Hong Kong, ISL collaborated with HSBC to launch the FPS QR Code Collection Function. Upon successful creation of a HSBC business account and application for HSBC Business Collect service, merchants can use ReportNOW to collect payments, send receipts and process refunds to customers.



Input the payment amount and
Click collect payment






Through mobile apps supporting FPS, customers can scan the QR code to instantly complete the transaction






The receipt will be sent
by Email/SMS/Whatsapp

Input the payment amount and
Click collect payment




Through mobile apps supporting
FPS, customers can scan the
QR code to instantly complete
the transaction




The receipt will be sent
by Email/SMS/Whatsapp

Customers may pay bills at checkout by scanning the QR code on the merchant app supporting FPS, in order to instantly complete payments and transfer to the merchant's account. Through ReportNOW, merchants can effortlessly generate the real-time reports for viewing the payment status and sales for each transaction. A standard fee of 1.5% will be applíed per transaction for merchants.

Apply on or before 30 Jun 2021 to enjoy transaction fee waiver for the first 3 months.
*HSBC T&Cs apply


Terms and Conditions

PRIVACY POLICY

Integrated Solutions Limited takes your privacy and personal data protection seriously. All information collected from our website is for internal use only and will not be disclosed to third parties.



Subscription-based Annual Pricing Package available



If you would like to find out more about the FPS QR Code Collection Function, please fill in the information below.
If you would like to find out more about the FPS QR Code Collection Function, please fill in the information below.












       
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