SVF

  • Hong Kong SVF Regime: Licensing and Reporting Under the PSSVFO

    On 18 September 2026 the Hong Kong Monetary Authority (HKMA) published its stored value facility (SVF) statistics for the second quarter of 2026: 90.38 million SVF accounts in use, around 2.2 billion transactions worth HK$264.7 billion in the quarter, and HK$21.8 billion of user money held as SVF deposit and float at quarter-end. Those figures…

  • HKMA FPS Enhancement: The 9 August 2026 Outage Window

    On Sunday 9 August 2026, Hong Kong’s Faster Payment System (FPS) is scheduled to suspend all real-time services for ten hours. The Hong Kong Monetary Authority (HKMA) confirmed on 3 August 2026 that the FPS will be unavailable from 1:00 am to 11:00 am Hong Kong time while Hong Kong Interbank Clearing Limited (HKICL), the…