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Completes ring-fenced fee check to offer enter on use case
HONG KONG SAR – Media OutReach – 20 October 2023 – HKT (SEHK:6823) – Below HKT, HKT Fee, taking part not too long ago as a part of a cross-industry consortium within the e-HKD Pilot Programme of the Hong Kong Financial Authority (HKMA), has invited revolutionary enterprises from completely different fields, together with Hong Kong Baptist Hospital, Journey.com, Hong Kong Administration Affiliation, The Membership and Membership Journey[1], to participate within the “tokenised property-backed secured lending with ring-fenced utilization” use case to check the ring-fenced fee characteristic of the hypothetical e-HKD mortgage and supply enter to the HKMA.
(Left to proper) Felix Tsui, Chief Technique Officer, Digital Ventures, HKT; Anthony Lam, Vice President, The Membership, Digital Ventures, HKT; Terri Yang, Vice President, Loyalty and Strategic Enterprise Improvement, Digital Ventures, HKT; Grace Wong, Director (Administration and Planning), Hong Kong Baptist Hospital; Monita Leung, Chief Govt Officer, Digital Ventures, HKT; Eddy Yip, Product & Advertising and marketing Director, Hong Kong and Taiwan & Territory Supervisor, Hong Kong, Journey.com; Titania Woo, Govt Director, Hong Kong Administration Affiliation; Heidi Chan, Alternate Chief Govt, HKT Fee Restricted.
Within the “tokenised property-backed secured lending with ring-fenced utilization” use case, the person goes by means of a course of involving completely different events of the cross-industry consortium. The method contains tokenising a property belonging to the person and utilizing the ensuing token[s] to use for a ring-fenced secured mortgage. Leveraging the programmability characteristic of the hypothetical e-HKD, the mortgage is then disbursed by means of HKT’s hypothetical e-HKD pockets as fee to retailers within the designated fields of healthcare, journey, training and e-commerce.
Ring-fencing the hypothetical e-HKD mortgage within the use case might assist enhance credit score evaluation and supply the person with extra personalised affords, benefitting shoppers and retailers alike.
Monita Leung, CEO, Digital Ventures, HKT, stated, “Constantly on the forefront of know-how, HKT, by means of HKT Fee and HKT Service provider Providers, has advocated the event of fintech and the digital financial system by supporting the federal government’s Consumption Voucher Scheme, the HKMA’s Sooner Fee System (FPS) and the latest e-HKD Pilot Programme. We try to collaborate with members of various industries to embrace and apply fintech and discover extra fee prospects. Within the occasion that the HKMA confirms the implementation of the e-HKD in future, HKT shall be able to supply well timed help for retailers and broaden the realm of e-HKD fee.”
HKT Service provider Providers is dedicated to offering retailers and small- and medium-sized enterprises with revolutionary one-stop fee companies, together with the Sensible POS system which helps a number of mainstream fee acceptance strategies and complete FPS fee options.
Hashtag: #HKT
The issuer is solely accountable for the content material of this announcement.
About HKT
HKT is a know-how, media, and telecommunication chief with greater than 150 years of historical past in Hong Kong. As the town’s true 5G supplier, HKT connects companies and folks regionally and globally. Our end-to-end enterprise options make us a market-leading digital transformation associate of alternative for companies, whereas our complete connectivity and good dwelling choices enrich folks’s lives and cater for his or her various wants for work, leisure, training, well-being, and even a sustainable low-carbon life-style. Along with our digital ventures which help digital financial system growth and assist join Hong Kong to the world as a world monetary centre, HKT endeavours to contribute to good metropolis growth and assist our neighborhood tech ahead.
For extra info, please go to 
www.hkt.com.
LinkedIn: 
linkedin.com/firm/hkt
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