Payment rail · Hong Kong SAR China
Payment rail · Hong Kong SAR ChinaWhat is FPS?
FPS — the Faster Payment System — is Hong Kong’s real-time platform for instant transfers between banks and e-wallets, introduced by the HKMA and operated by Hong Kong Interbank Clearing Limited. Poplin pays out to Hong Kong SAR China over FPS, settling in real time.
Source: HKICL (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Hong Kong SAR China clears fastest over
FPS
settles in real time · 0.5% + $10.00 on a business account
Also reaches HKD accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over FPS — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — Hong Kong SAR China
Paid out in
HKD
Hong Kong dollar
Business fee
0.5%
plus a $10.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How FPS payouts move.
From your US-dollar balance to an account in Hong Kong SAR China — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Hong Kong dollars at the mid-market rate — no markup added.
Cleared over FPS
Poplin clears the payout over FPS, Hong Kong’s Faster Payment System.
Arrives in seconds
The money lands in the recipient’s account in Hong Kong SAR China in seconds.
// coverage
Where FPS reaches.
Hong Kong SAR China
The one country Poplin pays out to over FPS, in Hong Kong dollars.
Send to Hong Kong SAR China →Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
FPS — FAQ
Basics
What is FPS?
FPS — the Faster Payment System — is Hong Kong’s real-time platform for instant transfers between banks and e-wallets, introduced by the HKMA and operated by Hong Kong Interbank Clearing Limited. Poplin pays out to Hong Kong SAR China over FPS, settling in real time.
Speed
How long do FPS payouts take?
Over FPS, Poplin payouts settle in real time. Payments leave your account in seconds; FPS then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over FPS with Poplin?
A percentage of the amount plus a $10.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over FPS?
FPS is how Poplin pays out to Hong Kong SAR China, in HKD. Poplin also reaches Hong Kong SAR China over SWIFT (USD) and USD CHATS (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Hong Kong SAR China over FPS.
Open a US-dollar account in minutes. No monthly fees.