Hong Kong FPS, the city’s Faster Payment System, will link with UnionPay International by the end of 2026, the Hong Kong Monetary Authority said on November 2, 2026 at Hong Kong FinTech Week. FPS users will progressively be able to pay by scanning QR codes at more than 100 million merchants on UnionPay and its partner networks in Hong Kong, the Chinese mainland and more than 40 overseas markets.
Why it matters: Users of Hong Kong’s domestic instant payment system gain a way to pay at UnionPay QR merchants while travelling, and the HKMA said the rollout will be progressive. For UnionPay International, the link adds FPS users to the wallets and bank apps that can scan its merchant QR codes.
Source: Hong Kong Monetary Authority, November 2, 2026
Related: HKMA moves Project Ensemble pilot to 24/7 settlement in tokenised central bank money · TenPay Global and Mastercard sign MoU on mainland China QR payments and Weixin remittances · China Fintech: Hong Kong FPS to link with UnionPay International by year-end for QR payments at 100 million merchants
Image: Likchemen TONG, CC BY-SA 4.0, via Wikimedia Commons
