Regulatory Alerts2024-11-15
Added · Updated
Promotion of Mobile Point-of-Sale (POS) Terminals
The Hong Kong Monetary Authority issues this circular to encourage authorized institutions to promote the adoption of mobile point-of-sale terminals among payment card merchants. The document outlines sound practices identified from participating banks, including proactive deployment, financial incentives, and technical support to address merchant concerns. To sustain these efforts, the HKMA will conduct surveys to collect statistics on the usage of mobile POS terminals.