Regulatory Alerts2024-11-15
Added · Updated
Promotion of Mobile Point-of-Sale (POS) Terminals
The Hong Kong Monetary Authority issued this circular on 15 November 2024 to promote the adoption of mobile Point-of-Sale terminals by authorized institutions. This directive supports the regulator's broader strategy to enhance payment card customer protection as outlined in the June 2023 circulars. The guidance aims to modernize payment infrastructure while ensuring robust consumer safeguards are maintained.