INSUBCONTINENT EXCLUSIVE:
Hongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service on its first
day of operation on Sunday.
The so-called Payment Connect was operating smoothly, with 6,900 Northbound and 19,000 Southbound transactions
as of 6pm, according to a spokesperson for the Hong Kong Monetary Authority (HKMA)
The average transaction amounts for Northbound and Southbound were around 800 yuan (US$111) and 3,100 yuan, respectively.
The People’s
