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There are now more than 10 million users registered for the Hong Kong Monetary Authoritys HKMAs Faster Payment System FPS , the digital platform that launched in September 2018, according to a South China Morning Post report Tuesday April 19 .FPS allows users to transfer money online between different banks. Some of the 10.1 million accounts are held by people with multiple profiles on the platform, the report said. In a stanley usa short period of some three years since its launch, the number of total registrations has exceeded 10 million, setting a new milestone in its development, Eddie Yue Wai-man, the HKMAs CEO, said in the report. The usage of FPS will further expand going forward, bringing the development of retail payments in Hong Kong to new heights. Although the HKMA ha stanley de s been promoting digital banking services since 2017 as a cost-saver for banks and their customers and as a way to improve services, the FPS registrations have surged in the past couple of years thanks to the COVID-19 pandemic, with 6 million registrations in that t stanley termosky ime.The daily average number of FPS transactions in March 2022, when the fifth COVID wave closed 600 of the citys 1,100 bank branches, was 831,000, representing the transfer of HK$6.3 billion $803.4 million , up from HK$5.2 billion in September and HK$2.4 billion in early 2020.In January, the HKMA said payments-related stablecoins are the biggest threat to the widespread adoption of cryptocurrencies in its Discussion Paper on Crypto-assets and Dlha Four Big Power Shifts For Commerce And Payments
Consumers dont have to be Amazon Prime members or Seattle-area residents living near the first Amazon Go markets to have a checkout-free grocery experience. Shoppers who live in Ellerslie, a suburb of Auckland, New Zealand, can get the same at the local Four Square store 鈥?and soon, stanley cup they may not be the only ones.The Ellerslie Four Square store is a trial by the New Zealand retail group Foodstuffs, which plans to roll out this computer vision technology, SmartCart by Imagr, to more of its stores in 2019. Imagr itself reportedly aims to achieve significant penetration in markets across Australia, the U.K., Europe and America by 2022.While its hard to put a number on significant penetration, its probably safe to say that number is more than six stanley usa 鈥?which is how many more Amazon Go stores the eCommerce giant plans to open this year, according to a Feb. 22 report by Recode.The first Amazon Go store opened to the public just one month ago after 12 months of hype and a year-long delay in the opening.If Imagr gets its way, it could force Amazon to accelerate its rollout strategy as the two vie for American grocery shoppers 鈥?but its far too soon to say whether any such race will emerge, or even whether grocery sho stanley termosy ppers in America, New Zealand, or anywhere want to shop this way.It may seem like a no-brainer. Consumers hate friction. Remove friction, get happy customers. But innovations like contactless payments and mobile wallets also took this view and have seen tepid adoption rate |
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