新媒网 · 跨境数据社区

Dah Sing Bank, a well-established financial institution, has taken a significant step in enhancing cross-border payment conveniences by launching its innovative Payment Connect Service. This service offers instant remittance between Hong Kong and Mainland China, specifically catering to those holding a Hong Kong Identity Card. The announcement came as a part of a collaborative effort, supported by the Hong Kong Monetary Authority and the People's Bank of China, aimed at strengthening the financial connectivities between these two major regions.

The strategic initiative is crafted to facilitate efficient and quick cross-border payments by incorporating Hong Kong's Faster Payment System with Mainland China's Internet Banking Payment System. As a result, residents of the Greater Bay Area are expected to experience enhanced payment efficiency, which is in line with the broader objective of deepening financial integration between Hong Kong and Mainland China.

In terms of operational functionality, the Payment Connect Service emphasizes customer convenience and digital accessibility. Account holders can easily execute transactions through Dah Sing's eBanking and Mobile Banking platforms. The process is direct and user-friendly, eliminating the need to physically visit bank branches or fill out extensive paperwork. Users simply need to enter the recipient’s mobile number or bank account to carry out instant remittances to banks in Mainland China that are part of this service.

An added feature of this service is its cost-efficiency. It allows for transfers in either CNY or HKD from banks in Mainland China without incurring additional handling fees, which is a notable benefit for frequent users of cross-border remittance services.

Dah Sing Bank has expressed a steadfast commitment to continually invest in digital financial services. This includes optimizing cross-boundary payment systems and embracing financial technology advancements to better serve its customers and grow in alignment with modern financial demands.

With the launch of the Payment Connect Service, Dah Sing Bank reinforces its support for the Payment Connect strategy led by the HKMA. This strategy not only underscores the use of financial technologies to enhance transaction efficiency but also promotes safer and more streamlined fund flows across borders, thus elevating the convenience for personal and business-related financial activities across the Greater Bay Area.

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