What is Hong Kong SVF? Hong Kong SVF Review, Features

Hong Kong SVF Hong Kong Stored Value Payment Facility License.

About Hong Kong SVF

The HKMA is the central banking institution of Hong Kong. Our staff contribute their expertise to the Hong Kong community and the financial sector in discharging the HKMA's statutory duties. The HKMA is part of the Government structure but employs staff on non-civil service terms to attract talent with appropriate experience and expertise. All staff of the HKMA are public servants. As a public institution, the HKMA is constantly streamlining its processes to improve efficiency and cost-effectiveness. The HKMA is committed to maintaining a lean and flexible organisational structure and to implementing new initiatives and coping with the increasing workload by redeploying existing staff wherever possible.

Functional services of Hong Kong SVF

1. Single-purpose SVF - can only be used to purchase goods and services provided by the issuer.

2. Multi-purpose SVF - can be used to purchase a variety of goods and services, or to make payments to another person.

3. Network-based SVF - value is stored in the issuer's payment system.

4. Non-network-based SVF—value is physically stored in SVF.