Tourists from Hong Kong and Thailand travelling between the two countries will now be able to use their domestic real-time settlement payment systems to pay for their purchases, as authorities seek to speed up digital transformation and increase business opportunities for local vendors.
Starting next Monday, Hongkongers travelling to Thailand will be able to use their smartphones to make payments for shopping and food through the Faster Payment System (FPS) up to a daily limit of HK$10,000 (US$1,280). Reciprocally, Thais travelling to the city will be able to use PromptPay, at merchants that accept QR code payments, with a 500,000 baht (US$14,200) daily limit under an agreement between the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand.
These systems, which link traditional banks and electronic payment and digital wallet operators, will allow visitors to make…
