Hong Kong Hits Fintech Milestone With 700,000+ FPS Transactions a Day “Hong Kong’s Faster Payment System (FPS) has surpassed 700,000 transactions a day just over three years after its debut, showcasing one of the ways the city is seeking to innovate as a financial technology hub, according to Financial Secretary Paul Chan Mo-po . Speaking at the 2021 Hong Kong FinTech Week conference, Chan said the electronic system for immediate fund transfers and retail payments averaged 740,000 transactions per day worth HK$5.2 billion (US$668 million) at the end of September. Average daily transaction volumes have more than doubled from HK$2.4...