“跨境支付通”今日上线！输入手机号 内地与香港两地居民即可实时跨境汇款

Core Viewpoint - The launch of the "Cross-Border Payment Link" between mainland China and Hong Kong aims to provide a more secure, efficient, and convenient payment service for cross-border transactions, facilitating economic activities and integration in the Greater Bay Area [1][2]. Group 1: Overview of "Cross-Border Payment Link" - The "Cross-Border Payment Link" connects the mainland's online payment interbank clearing system (IBPS) with Hong Kong's Faster Payment System (FPS), allowing residents to make small cross-border remittances in real-time by simply entering the recipient's phone number or bank account number [2][3]. - It is designed to offer a more cost-effective and convenient alternative to traditional cross-border remittance methods, with advantages such as real-time processing and reduced intermediary costs [3]. Group 2: User Eligibility and Application Scenarios - The service is primarily available to residents and institutions in both mainland China and Hong Kong, providing instant cross-border payment services [4]. - Key application scenarios include personal remittances from mainland residents to Hong Kong bank accounts, and vice versa, as well as payments for tuition, medical expenses, and salary disbursements [5][11]. Group 3: Operational Details - Users can initiate cross-border remittances through mobile banking apps by filling out the necessary information, with support for both RMB and HKD as the receiving currency [6]. - There are annual and daily limits on remittances: for southbound remittances, the limit is USD 50,000 per person per year; for northbound remittances, the daily limit is HKD 10,000 and the annual limit is HKD 200,000 [7][9]. Group 4: Participating Institutions - Initial participating institutions include major banks from both mainland China (e.g., ICBC, Agricultural Bank of China) and Hong Kong (e.g., Bank of China Hong Kong, HSBC), with plans for further expansion [12][14]. Group 5: Fee Structure - During the initial phase, many banks are waiving fees for the service, promoting a "zero-fee" experience for users [15][16].