fps

FPS

24/7 real time funds transfer in HKD and RMB 

FPS

24/7 real time funds transfer in HKD and RMB 

At a glance

Make instant interbank funds transfer in Hong Kong any time any day. With FPS, payments can be made instantly with just your registered FPS ID, mobile number, email address or QR code, in addition to the conventional way of using bank account number. 

Why FPS
instant

Instant

Save time and benefit from 24x7 instant payments 

simple

Simple

Make payments to individuals and business partners with no account numbers required 

seamless

Seamless process 

Use of QR code to facilitate instant payments 

How it works

To Pay with FPS: 

Step 1: Log in to DBS IDEAL or IDEAL Mobile App. 
Step 2: Pay to other businesses or individual consumers by using their account numbers or registered Proxy IDs, or by scanning QR code provided by your payee. 
Step 3: Check Status of the transaction in IDEAL. 

To Receive with FPS using Proxy ID: 
Step 1: Register your Proxy ID with your DBS account through IDEAL or IDEAL Mobile App. 
Step 2: Provide your registered Proxy ID or QR code* to your payers through your website, other online channels or your invoices. 
Step 3: View FPS transactions on IDEAL Account Activities. 

* Generated by merchant 

Note: You can make FPS payments using IDEAL, and registration is not required. If you choose to receive FPS payments with a proxy ID, then registration is required. 

Subject to Terms and Conditions 

Eligibility

You must have a DBS HKD or RMB Business Account and sign up for IDEAL to transfer funds to beneficiary of the FPS participating banks

How to apply

Simply call our DBS Business Care at 2290 8068 to fix an appointment or email [email protected]. Our Relationship Manager will be glad to assist you.

FAQs
What is FPS?

FPS is a faster payment system launched in Hong Kong to enable 24 x7 real time fund transfers between bank accounts in Hong Kong. 

Can I make FPS payments?

Corporate customers with DBS business accounts can make FPS payments via IDEAL. 

What currency can I make FPS payments?

DBS supports FPS payments denominated in Hong Kong dollar (HKD) and Renminbi (RMB). 

What is a FPS Proxy ID?

FPS supports proxy identifier (Proxy ID) such as mobile phone number, email address or FPS ID (an identifier assigned by FPS upon registration) for account identification in addition to the conventional way of using bank account number.

What types of DBS accounts can I link my Proxy ID to?

You can register Proxy ID with your HKD / RMB Current and Savings Account, and Multi-Currency Account with DBS. 

What is QR Code for FPS?

FPS supports the use of QR code that adopts the common standard published and administered by Hong Kong Interbank Clearing Limited. Businesses have option to use a FPS QR code (usually provided through website, other online channels, or invoices) for FPS payments, which allows their payer to scan the FPS QR code to automatically capture the payment details without the need to manually enter the data. 

Get in touch
call

Call

DBS BusinessCare
Tel: +852 2290 8068
Operating hours: 
Mon to Fri – 9.00am to 6.00pm
Sat – 9.00am to 1.00pm
(excluding PH)