香港與澳門 Hong Kong and Macau
Visa and EPS Launch Visa Money Transfer in Hong Kong for PPS users
Hong Kong, 04 November 2009
New international money transfer service provides PPS users with a secure way to transfer funds overseas while saving time and money
Visa and EPS Company (Hong Kong) Ltd. (EPS) today announced the launch of Visa Money Transfer, the first international fund transfer service for PPS users. Using the Visa Money Transfer service via the PPS platform, customers of The Standard Chartered Bank and Wing Hang Bank will be able to send money overseas from their bank accounts to a Visa Credit card or a bank account that is linked to a Visa Debit card issued outside of Hong Kong.
Customers who use the service can transfer funds to 14 countries in nine currencies[1] either online or by phone, 24 hours a day, seven days a week. Recipients will receive the funds through their Visa Debit or Credit card account and can use these funds at any of the 28 million Visa merchant outlets and 1.4 million Visa ATMs worldwide.[2]
Raymond So, General Manager of EPS Company Ltd said, “Launching an international money transfer service using Visa’s global network supports our ongoing strategy to expand beyond domestic bill payment services, and add to our suite of innovative offerings. Senders no longer have to visit an agent, worry about working hours or stand in queue to send money to their friends or family overseas. We are delighted to work with Visa to bring a value-add service to our 1.4 million PPS users by phases. EPS’s member banks will be able to avail of a ready platform that they can offer to their customers for international fund transfer service.”
According to the research company Aite Group[3], between 2006 and 2010 the Compound Annual Growth Rate (CAGR) of global cross-border transfers will be eight percent and by 2010, global workers’ remittances will amount to an estimated US$456 billion, up from US$369 billion in 2007.
Sunny Cheung, Country Manager Hong Kong and Macau, Visa said, “Visa Money Transfer is designed for convenient and secure money transfers between individuals. With Visa Money Transfer through PPS, customers of Standard Chartered Bank and Wing Hang Bank can enjoy a convenient, round-the-clock money transfer service which allows them to send low-value funds to their families and friends in other countries at low cost.”
Visa Money Transfer customers can transfer up to HK$5,000 per transaction. Customers can find out more about the enrolment and service features of Visa Money Transfer from the PPS website (www.ppshk.com.hk).
Hong Kong is the fifth marketplace in Asia Pacific to introduce Visa Money Transfer, following India, Indonesia, Malaysia, and Singapore.
[1] The currencies include Australian Dollar, Euro, Canadian Dollar, Pound Sterling, New Zealand Dollar, Indian Rupee, Japanese Yen, Singapore Dollar and Thai Bhat.
[2] As reported by client financial institutions and therefore may be subject to change; include merchant outlets and ATMs in Visa Europe territory
How to use Visa Money Transfer via PPS
The sender is required to enroll for the service via the PPS website (www.ppshk.com). The enrollment process will take up to three working days and the sender will receive an email of the enrollment result. Upon successful enrollment, the PPS customer can add recipient Visa card numbers and transfer money by phone or internet. The sender bears a nominal cost of HK$25 per transaction.
The process can be simply completed as follows:
- Enroll for Visa Money Transfer via PPS by confirming sender’s name, address and email address on PPS website (www.ppshk.com). This is a one-time step.
- Sender will receive an email confirming successful enrollment within three working days.
- Upon successful enrollment, sender should add the beneficiary’s Visa debit or credit card number and beneficiary name
- Confirm with the one time password sent to sender’s mobile phone
- Type in the amount to be sent in the currency of the beneficiary. Sender will be informed of the corresponding amount in HK dollars and applicable fees (currently HK$ 25 per transaction). The exchange rate used will be the prevailing rate quoted to the customer at the time of transaction.
- Funds will usually reach the recipient within two or three working days.
The sender can also use Visa Money Transfer via PPS through the phone channel (18033) after successful enrolment and adding beneficiary visa account number on the PPS website (www.ppshk.com).
Contacts:
Ketchum Hong Kong
Cynthia Chan
Tel: +852 3141 8062
Email:cynthia.chan@knprhk.com
Katy Cheng
Tel: +852 3141 8063
Email:katy.cheng@knprhk.com
