FPS (Faster Payment System) on Coinmama
- Our rating
- 3.9
- Offered in
- 1 country
- Type
- Domestic bank rail
- Rail reviewed
- 2026-08-18
- Review updated
- 2026-08-12
Yes. Coinmama takes FPS (Faster Payment System) in Hong Kong. FPS runs around the clock every day and most participants credit the beneficiary almost instantly, though HKICL warns that some institutions take a few hours or until the next business day. By reach it is eleventh of the 25 rails on our record for Coinmama; Credit or debit card is offered in more countries.
What FPS (Faster Payment System) is
FPS, the Faster Payment System, is Hong Kong's instant retail payment rail. The Hong Kong Monetary Authority introduced it in 2018 and Hong Kong Interbank Clearing Limited operates it, connecting banks and stored value facility operators on a single platform. It carries both Hong Kong dollars and renminbi, and you can address a payment to an account number or to a proxy the recipient has registered, such as a mobile number, an email address or an FPS ID. Both the HKD and RMB systems are designated under the Payment Systems and Stored Value Facilities Ordinance.
- Speed
- FPS runs around the clock every day and most participants credit the beneficiary almost instantly, though HKICL warns that some institutions take a few hours or until the next business day.
- Cost of the rail
- HKICL publishes no consumer price and tells users to ask their own bank or stored value facility about service charges.
- Limits
- Banks and stored value facility operators each set their own thresholds by payment type, so your ceiling comes from the institution rather than from FPS itself.
Where Coinmama offers FPS (Faster Payment System)
Each country opens the Coinmama page for that market, with its rank there and every rail it takes. The number is Coinmama's rank in that country's guide.
Asia (1)
Hong KongWhat FPS (Faster Payment System) costs on Coinmama
There are no deposits: you pay per purchase with a card or bank transfer.
Other ways to pay on Coinmama
24 other rails at least one country we rank Coinmama in uses, widest reach first.
Frequently asked questions
Does Coinmama accept FPS (Faster Payment System)?
Yes, in Hong Kong. By reach it is eleventh of the 25 rails on our record for Coinmama; Credit or debit card is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.
In which countries can I use FPS (Faster Payment System) on Coinmama?
Hong Kong, from our country guides reviewed between 2026-08-12 and 2026-08-12.
How long does a FPS (Faster Payment System) deposit take on Coinmama?
FPS runs around the clock every day and most participants credit the beneficiary almost instantly, though HKICL warns that some institutions take a few hours or until the next business day. That describes the rail itself; Coinmama may hold a first deposit for longer while it verifies your account.
What does FPS (Faster Payment System) cost on Coinmama?
HKICL publishes no consumer price and tells users to ask their own bank or stored value facility about service charges. On Coinmama's side: There are no deposits: you pay per purchase with a card or bank transfer.
Are there limits on FPS (Faster Payment System) deposits?
Banks and stored value facility operators each set their own thresholds by payment type, so your ceiling comes from the institution rather than from FPS itself. Any limit Coinmama applies on top is set per account tier and shown inside the platform.