Stored Value Facilities and Retail Payment Systems

The HKMA is responsible for the licensing and supervision of Stored Value Facilities (SVFs), including e-wallets and prepaid cards, and the designation and oversight of Retail Payment Systems (RPSs) in Hong Kong.

The Payment Systems and Stored Value Facilities Ordinance (PSSVFO) provides the legal basis for the powers of the HKMA in relation to the regulation of SVF and RPS.

Last revision date : 26 August 2019