---
title: "Standard Chartered Hong Kong launches \"Faster Payment\" cross-border payment service"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281294992.md"
description: "Standard Chartered Hong Kong announced the launch of the \"Faster Payment\" cross-border payment service, becoming one of the first banks in Hong Kong to offer this service. The service supports instant and 24x7 processing of payment transactions up to HKD 1 million or RMB, while transactions exceeding this amount will still be processed through the \"Instant Payment Settlement System.\" As an agent bank, Standard Chartered Hong Kong utilizes SWIFT to handle overseas payments and transfers to local recipients through \"Faster Payment,\" replacing traditional methods"
datetime: "2026-04-01T03:15:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281294992.md)
  - [en](https://longbridge.com/en/news/281294992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281294992.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281294992.md) | [繁體中文](https://longbridge.com/zh-HK/news/281294992.md)


# Standard Chartered Hong Kong launches "Faster Payment" cross-border payment service

Standard Chartered Hong Kong announced that it has become one of the first banks in Hong Kong to launch the "Faster Payment" cross-border payment service, processing payment transactions of up to HKD 1 million or RMB 1 million for overseas financial institutions and payment technology companies in an instant and 24x7 manner. For payments exceeding HKD 1 million or RMB 1 million, transactions will continue to be processed through the "Real-time Payment Settlement System."

Under this new model, Standard Chartered Hong Kong acts as an agent bank, receiving cross-border payments from overseas financial institutions and payment technology companies via SWIFT, and then making payment transfers to local recipients through "Faster Payment," replacing the traditional "Real-time Payment Settlement System" approach

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