FPS, card-to-card and offline rails. Collection from 2.50%, payouts from 0.30%, HKD limits to 100,000 per transaction, T+0 settlement in USDT. Dedicated cards, no mixing, minimum volume applies.
Three rails, all settling same-day. FPS carries the largest single tickets; offline exists for flow the instant rails will not take.
| Rail | Collection | Payout | Limits | Currency | Settlement |
|---|---|---|---|---|---|
| FPS (Faster Payment System) | 2.50% | 0.30% | HKD 100 – 100,000 | HKD | T+0 USDT |
| Card-to-Card | 2.50% | 0.50% | HKD 100 – 50,000 | HKD | T+0 USDT |
| Offline | 3.10% | 1.00% | HKD 200 – 50,000 | HKD | T+0 USDT |
FPS is the rail a Hong Kong customer will expect to use. The Faster Payment System, operated under the Hong Kong Monetary Authority, settles interbank transfers between banks and stored-value wallets in seconds, 24 hours a day, addressable by phone number or email.
Consumers use it constantly: splitting bills, paying landlords, topping up wallets. It is the closest thing the territory has to a universal payment rail. Hong Kong is the strangest market on our coverage list, because the payments infrastructure is world class and the access to it is not.
None of the mainstream international PSPs or card acquirers will board an iGaming, offshore forex, or funded-trader account in Hong Kong, even though a European operator can wire money into the territory all day. What FPS is not is an open merchant acquiring network for regulated-out verticals.
Access runs through licensed banks and stored-value facility operators, all of which apply their own merchant policies. Gambling is tightly restricted in Hong Kong under the Gambling Ordinance, brokerage and leveraged products fall under the Securities and Futures Commission, and the banks, many of them global institutions with US dollar clearing to protect, de-risk aggressively.
Card acquiring in particular is a dead end. The issuers are conservative, chargeback exposure on cross-border high-risk merchant category codes is punitive, and the local acquirers have no commercial reason to take the fight.
FPS and card-to-card both price at 2.50% collection, a premium against Southeast Asian bank rails, because the account infrastructure behind them is scarce and individually managed rather than pooled. The offline rail at 3.10% exists for flow the instant rails cannot absorb.
The dedicated-card requirement is the tell: this is first-hand account capacity, allocated per merchant, not a shared pool resold down a chain.
The upside is that Hong Kong remains Asia's treasury hub. The HKD is pegged to the US dollar within a narrow band managed by the HKMA under its Linked Exchange Rate System, so there is effectively no FX risk between collection and USD-referenced settlement — a material difference from the Philippines, Bangladesh, or any floating emerging-market currency.
For a prop firm collecting challenge fees from Greater China or a broker serving regional clients, HKD is a hard-currency leg in an otherwise soft-currency portfolio. Combine that with T+0 USDT settlement and Hong Kong becomes the market you use to hold value, not just to acquire customers.
Expect a real minimum-volume floor, expect account rotation, and expect the market to go quiet around Chinese New Year.
Everything below comes from the current Hong Kong rate card.
FPS and card-to-card both collect at 2.50%. FPS accepts HKD 100 – 100,000 per transaction and card-to-card HKD 100 – 50,000. The offline channel collects at 3.10% and accepts HKD 200 – 50,000.
Payouts price by rail: 0.30% on FPS, 0.50% on card-to-card, and 1.00% on the offline channel. If your withdrawal ratio is high, routing payouts through FPS is the single biggest lever on your effective cost.
All three rails settle T+0, the same day you process, with settlement in USDT and customer support available around the clock. With the HKD peg holding the currency in a managed band, what you collect is what you settle.
Operators expanding across the region usually add these next. Each page carries its own published rate card.
Vertical, expected HKD volume, withdrawal ratio — that is enough for us to confirm capacity and current channel status.
Message ZenexPay on TelegramDirect line to the team that runs the channels — not a sales layer.