The Monetary Authority and the Association of Banks today held a ceremony to formally launch the e-Cheque service.
Clients can use the Internet banking platform or the e-Cheque Drop Box service provided by Hong Kong Interbank Clearing to settle and receive payments by e-Cheque.
Monetary Authority Chief Executive Norman Chan said the launch of the e-Cheque shows the continuous effort of Hong Kong's banks to provide a wide range of payment services. It also signifies the authority's commitment to promoting efficiency and modernisation in Hong Kong's financial infrastructure.
Mr Chan said he will liaise with the People’s Bank of China and the Monetary Authority of Macau to promote the use and clearing of cross-boundary e-Cheques.
He added the authority will explore with the banking industry the use of e-Cheques for online payments and shopping portals.
