The Best Practice on NFC Mobile Payment in Hong Kong (Best Practice) aims to facilitate and promote the development of payment solutions by banks and payment service providers in Hong Kong using near field communication (NFC) technology. The Best Practice is available to member banks of HKAB only but members of the public are welcome to view or download the abbreviated version.
HKAB ("Association") has developed a Common Baseline in response to the Open Application Programming Interface ("API") Framework for the Hong Kong Banking Sector released by the Hong Kong Monetary Authority on 18 July 2018. This 4-phased framework lays out detailed expectations on how banks should onboard and maintain relationship with third-party service providers ("TSPs") to ensure consumer protection.
With an industry-level Common Baseline to facilitate and streamline banks' engagement with TSPs, the Association hopes to encourage partnerships with banks with the support of the Open API technology, thus introducing more innovative banking products and services and enhancing customer experience.
[Download the Common Baseline]
HKAB has developed the Phase III Banking Open API Standards which aims to serve as a facilitation tool to support the technical implementation of Phase III APIs, covering areas of customer authentication, user experience, data, technical, information security and operational standards.
[Download the Phase III Banking Open API Standards]
[Download the Consultation Conclusions]