What's On

Registration Closed

Hong Kong has a mature electronic payment ecosystem, with electronic payments accounting for nearly 60% of total private consumption expenditure. In anticipation of Hong Kong's shift towards a New Era of Smart Banking, the Hong Kong Monetary Authority ("HKMA") has announced the introduction of a Faster Payment System ("FPS"), which is expected to be launched in mid-September to facilitate P2P, B2C and B2B real-time credit transfer and direct debit services.

To help SMEs, retailers and eCommerce players better understand the changing payment landscape and adapt to a cashless economy, the Chamber has invited Mr George Chou, Senior Manager, Financial Infrastructure Development Division, HKMA, to provide an update on the implementation of FPS. He will touch on the following:

- An Overview of FPS;
- Implementation of common QR code standard for retail payments; and
- Sharing of use cases.

Mr Chou's presentation will be followed by a Panel Discussion Session with executives from BOC Credit Card (International) Limited , DBS Hong Kong, TNG Fintech Group, QFPay and INSTAREM to discuss the future landscape of an e-payment ecosystem and how merchants could benefit from such developments.

After the Panel Discussion Session, participants and speakers will be invited to join an Exhibition during which they will be able to interact with stored value facility licensees, banks and fintech companies that have set up booths at the Chamber to answer enquiries on the latest products and services under the FPS initiative.

Programme Rundown:
1. 2:30 – 3:15 pm: Keynote Presentation by Mr George Chou, Senior Manager, Financial Infrastructure Development Division, HKMA (45 minutes including Q&As)

2. 3:15 – 4:00 pm: Panel Discussion with representatives from the payment ecosystem (45 minutes)
- Mr Andy Wong, Head of Compliance- Asia, Instarem
- Mr Alex Kong, CEO and Chairman, TNG Fintech Group
- Mr Kevin Kam, Chief Digital Officer, QFPay
- Ms Colet Ng, Deputy General Manager, BOC Credit Card (International) Limited
- Ms Soh Fern Boey, Head of Global Transaction Services, DBS Hong Kong

3. 4:00 – 5:30 pm: Exhibition (1.5 hours)

Speaker(s) Keynote Speaker: George Chou, Senior Manager, Financial Infrastructure Development Division, Hong Kong Monetary Authority
George Chou joined the HKMA in 2009 and worked in a number of different divisions, including the Technology Risk Management Division and Retail Payment Oversight Division, before assuming the current position. His main responsibilities are enhancing and promoting Hong Kong's payment and settlement infrastructure, including those relating to retail payment services, and exploring cooperation opportunities with overseas central banks with a view to reinforcing Hong Kong's position as a regional payment and settlement hub.

Moderator: Andy Wong, Head of Compliance- Asia, InstaReM
Based in Hong Kong, Andy Wong currently leads the compliance programme in Asia for InstaReM across various jurisdictions since 2016. He is also the co-chair of the payments committee of the Fintech Association of HK, involved in several industry initiatives with Hong Kong Monetary Authority and other industry leaders.

A seasoned compliance professional working across Singapore and Hong Kong over the last 14 years in the banking and financial industry, Andy has had experience with several global listed financial institutions including BNP Paribas and Global Payments. He has held positions in leading licensing processes for a payments processing company in Hong Kong and also in assisting with the licensing process for a wholesale banking licensee in Singapore.

Colet Ng, Deputy General Manager, BOC Credit Card (International) Limited
Colet is a seasoned executive with over 20 years of experience in financial industry. She has been with Bank of China (Hong Kong) Limited for almost 10 years. Colet is now focusing on innovation and marketing management. With extensive experience in various multinational banks, Colet possesses wealth knowledge in diverse banking products across different disciplines, including segment marketing, product and sales management.

Sohfern Boey, Managing Director & Head of Global Transaction Services, DBS Bank (Hong Kong) Limited
Sohfern Boey is currently a Managing Director and Head of Global Transaction Services (GTS) of DBS Bank (Hong Kong) Limited since April 2012.A seasoned banker with over 25 years' experience, Boey has a strong track record in building transaction banking franchises in Asia Pacific.

Boey is the current head of GTS in Hong Kong, a key market for the GTS franchise at DBS. She is in charge of growing the bank's cash management and trade finance business in Hong Kong.

Alex Kong, Founder and Chairman, TNG Fintech Group
Alex Kong is the Founder and Chairman of TNG FinTech Group, one of the largest FinTech groups in Asia.
Alex is a serial entrepreneur with extensive experience in technology and business solutions. Launched in November 2015, TNG Wallet is The Next Generation e-wallet providing efficient financial services that include electronic payment, P2P money transfer, global remittance, global cash withdrawal, global bill payment, global SIM card top-up and so on. In 2016, it received the Stored Value Facilities Licence (SVF0003) from the Hong Kong Monetary Authority. In Alex's leadership, TNG Wallet has recorded rapid development in both user base and transaction volumes, with transactions exceeding USD1 billion in the first two years of launch.

Kevin Kam, Chief Digital Officer, QFPay
Kevin KAM, leads the digital development strategy of the Company and overseas the local R&D teams. Working closely with the executive team, Kevin plays a critical role in strengthening the ICT ecosystem in the local FinTech industry. He and his team are responsible for bringing reputable partners and technologies to the Company.
Language English
Date and Time 2018/09/21 14:30 to 17:30
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Stephanie Kwan
Tel: 28231246
Fee Members @ HK$250 / Non-Members @ HK$530
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings will only be confirmed with full payment, on a first-come-first-served basis.
- Substitution is allowed for corporate members only with advanced notice while walk-ins will normally not be accepted.
- Please note that the Chamber reserves the right to decline any booking or cancel the event without explanation. In any such instance, the event fee will be returned in full.
- There will be no refund for attendees cancelling or not showing up for the event unless the cancellation request is made in writing at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- Starting 1 January 2017, all off-line bookings (e.g. fax, e-mail, post) for Chamber events will be charged a $50 handling fee per person. Make the switch to online today by installing our app or registering via our website to save the environment and save money.
- Priorities are given to corporate members. The decision to accept or decline any bookings shall be at the sole discretion of the Chamber.