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WeChat Pay HK Included in 'Payment Connect' for Fee-Free Remittances to Mainland CN
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WeChat Pay HK, included as a participating institution in the "Payment Connect", became the first electronic wallet to participate in the FPS Payment Connect. WeChat Pay HK stated that users can make cross-border transfers to personal bank accounts or mobile numbers in Mainland China without any fees through the "Payment Connect". They can also receive funds from payers in Mainland China. However, the cross-border transfer service is now only available to Hong Kong residents. The daily limit is HKD10,000 per person, and the annual limit is HKD200,000, which is the same as other Payment Connect institutions. AASTOCKS Financial News Website: www.aastocks.com |
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