MoneyCollect Launches FPS and Octopus

MoneyCollect Launches FPS and Octopus Solutions

Leading Online Payment Platform MoneyCollect, has launched new payment systems based on the Faster Payment System (FPS) and Octopus mobile payment platforms, the goal is to provide businesses and consumers with fast, secure and convenient payment options.

What is the FPS system?

FPS is one of the seven measures announced by the Hong Kong Monetary Authority in September 2017 to promote Hong Kong into a new era of smart banking. "FPS" operates 24 hours a day, seven days a week, providing a platform to fully connect different banks and stored value facility operators, allowing Hong Kong citizens to conduct instant fund transfers across banks and stored value facilities anytime, anywhere.

Norman Chan, President of the Hong Kong Monetary Authority, said that FPS is a unique small-amount real-time payment platform in the world. It supports Hong Kong dollar and RMB transfers using mobile phone numbers, email addresses or QR codes. It is fully connected to bank and stored value payment facility accounts, enabling retail transfers and payments Can be done easily and quickly.

MoneyCollect provides a quick access to FPS, and merchants only need a simple application process to start using it on their website or APP.

The rendering of web page payment is as follows:

Mobile APP payment renderings are as follows:

The full-service Octopus App-to meet your transportation and retail consumption needs

The Octopus mobile payment system is best suited for small and everyday transactions. The system uses a contactless smart card or mobile app to make payments, and it is widely accepted by businesses of all sizes, including street vendors and convenience stores. The system offers several advantages over traditional payment methods, including convenience, security, and the ability to use the system without a bank account.

MoneyCollect provides a quick access to Octopus, and the application process is as simple as FPS, and you can start using it on their website or APP. Firstly, the merchant management background applies to open Octopus. After the approval, Octopus can be accessed through the transaction interface.

The rendering of web page payment is as follows:

Mobile APP payment renderings are as follows, click tap to pay to open Octopus APP for payment:

The above is a fast and convenient solution to use FPS and Octopus, I hope it can help you. In addition, MoneyCollect also provides a variety of other local payment methods for global customers, and also provides credit card processing solutions covering brands such as Visa, MasterCard, American Express, JCB, Diners Club, Discover, and UnionPay, covering Southeast Asia, Latin America, Europe, and Russia, greatly meet the diversified payment needs of merchants. Our system provides businesses and consumers with fast, secure and convenient payment options, improving the overall payment experience. Based on the existing continuous self-innovation, we will make payment easier and more convenient.