Send money across banks to friends or merchants via FPS with just a mobile number or email address.

PayFast

Now supports FPS ID – Send money to friends or merchants with just a mobile number, email address or FPS ID.

PayFast

 

At a Glance

Enjoy a faster, more convenient way to send money across local banks and e-wallets. Powered by the Faster Payment System (FPS), PayFast lets you make instant HKD transfers to individuals and merchants using just their registered mobile number, email address or FPS ID—no additional information needed!  

24 X 7 instant^ HKD transfers from your preferred DBS account

Say goodbye to bank account numbers! Transfer to friends or merchant with just their mobile phone number, email address or FPS ID

HK$0 handling fees

Instantly^ transfer to securities brokers’ FPS ID for investment opportunities

Payment request submissions instantly confirmed by SMS or email

Secure Point-to-Point transaction – funds are transferred to payee’s FPS registered account only

PayFast service is supported by The Faster Payment System which is provided and operated by Hong Kong Interbank Clearing Limited. Use of PayFast or related bank services supported by Faster Payment System are subject to terms and conditions. Please refer to the terms and conditions relating to Faster Payment System under the Bank Accounts and Services Terms and Conditions.

^The exact timing of crediting funds to recipient's account will be subject to the operation of recipient bank.

 

How to Activate & Set Transfer Limit for PayFast

A daily limit up to HK$10,000 is shared between PayFast and Scan & Pay.

If the transferred amount exceeds your remaining daily transfer limit for PayFast, we will debit the whole transaction amount from your daily transfer limit for “non-registered payee”# to complete the PayFast transfer. This requires authentication with your Digital Token. You can click here to learn how to set your daily transfer limit for “non-registered payee” in order to transfer a higher amount.

# The maximum daily transfer limit for “non-registered payee” for DBS Personal Banking customers, DBS Treasures customers and DBS Treasures Private Client / DBS Private Bank customers are HK$150,000, HK$300,000 and HK$600,000 respectively.

Activate and Set Transfer Limit for PayFast on Mobile

Step 1: Log in to DBS mobile banking
Step 2: Go to Pay & Transfer > PayFast > FPS Settings
Step 3: Click "Local Transfer Limits”
Step 4: Update “PayFast and Scan & Pay Limit” to a value1 other than zero
Step 5: Enter your DBS iBanking password2
Step 6: Let your Digital Token3 authenticate

1 You can set the PayFast and Scan & Pay Limit up to HK$10,000
2 If this is the first high-risk transaction after the biometric login
3 You can activate your Digital Token immediately via DBS digibank HK. click here for details.

Step 1: Log in to DBS mobile banking
Step 2: Go to Pay & Transfer > PayFast > FPS Settings 

Step 3: Click "Local Transfer Limits”
Step 4: Update “PayFast and Scan & Pay Limit” to a value1 other than zero
Step 5: Enter your DBS iBanking password2
Step 6: Let your Digital Token3 authenticate

1 You can set the PayFast and Scan & Pay Limit up to HK$10,000
2 If this is the first high-risk transaction after the biometric login
3 You can activate your Digital Token immediately via DBS digibank HK. click here for details.

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select PayFast and click “Activate”
Step 4: Approve the instruction with your Digital Token* on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > Transfer Settings
Step 3: Select PayFast and click “Activate”
Step 4: Approve the instruction with your Digital Token* on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Set Daily Limit for PayFast via DBS iBanking

Step 1: Log in and go to Transfer > Transfer Setting > PayFast
Step 2: Update the authorised daily limit
Step 3: Enter the New Daily Transfer Limit12
Step 4: Verify details and submit

1 You can set the PayFast limit up to HK$10,000
2 Authentication with a Digital Token is needed if a higher limit amount is set. You can activate your Digital Token immediately via DBS digibank HK. click here for details.

Step 1: Log in and go to Transfer > Transfer Setting > PayFast
Step 2: Update the authorised daily limit
Step 3: Enter the New Daily Transfer Limit12
Step 4: Verify details and submit

1 You can set the PayFast limit up to HK$10,000
2 Authentication with a Digital Token is needed if a higher limit amount is set. You can activate your Digital Token immediately via DBS digibank HK. click here for details.
 

How to Use PayFast & Transfer a Higher Amount

Make a PayFast Transfer on Mobile

Within the transfer limit for PayFast

Step 1: Select "PayFast" from the pre-login page1
Step 2: Log in to DBS mobile banking
Step 3: Enter recipient and transfer details
Step 4: Confirm transfer


Beyond the remaining transfer limit for PayFast

By setting your daily transfer limit for “non-registered payee”2 on DBS iBanking or mobile banking, paying higher amounts with PayFast can be done with just a few more steps.
Step 5: Enter your DBS iBanking password3
Step 6: Let your Digital Token4 authenticate your transfers


1 Alternatively, you can skip step 1 by selecting “Pay & Transfer” > “PayFast” after logging in to DBS mobile banking.
2 To set daily transfer limit for “non-registered payee”, please click here.
3 if this is the first high-risk transaction after the biometric login
4 You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
Within the transfer limit for PayFast

Step 1: Select "PayFast" from the pre-login page1 
Step 2: Log in to DBS mobile banking
Step 3: Enter recipient and transfer details 
Step 4: Confirm transfer


Beyond the remaining transfer limit for PayFast

By setting your daily transfer limit for “non-registered payee”2 on DBS iBanking or mobile banking, paying higher amounts with PayFast can be done with just a few more steps. 
Step 5: Enter your DBS iBanking password3 
Step 6: Let your Digital Token4 authenticate your transfers

 

1 Alternatively, you can skip step 1 by selecting “Pay & Transfer” > “PayFast” after logging in to DBS mobile banking.
2 To set daily transfer limit for “non-registered payee”, please click here.
3 if this is the first high-risk transaction after the biometric login 
4 You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Within the transfer limit for PayFast

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > PayFast
Step 3: Enter recipient and transfer details
Step 4: Verify details and submit


Beyond the remaining transfer limit for PayFast

By alternating your daily transfer limit for “non-registered payee”, paying higher amounts with PayFast can be done with just one more step.
Step 5: Approve the transfer with your Digital Token on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
Within the transfer limit for PayFast

Step 1: Log in to DBS iBanking
Step 2: Go to Transfers > PayFast
Step 3: Enter recipient and transfer details
Step 4: Verify details and submit


Beyond the remaining transfer limit for PayFast

By alternating your daily transfer limit for “non-registered payee”, paying higher amounts with PayFast can be done with just one more step.
Step 5: Approve the transfer with your Digital Token on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.
 

How to use PayFast to transfer funds with FPS ID? New

Make a PayFast transfer with FPS ID via DBS iBanking

Step 1: Log in and go to Transfer > PayFast
Step 2: Select “FPS ID” under Transfer Mode
Step 3: Enter recipient’s FPS ID and transfer details
Step 4: Verify details and submit

 

Step 1: Log in and go to Transfer > PayFast
Step 2: Select “FPS ID” under Transfer Mode
Step 3: Enter recipient’s FPS ID and transfer details
Step 4: Verify details and submit
 

How to Top up Your e-wallet via PayFast

Top up Your e-wallet via PayFast on Mobile

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Go back to DBS mobile banking and select "PayFast" from the pre-login page
Step 3: Log in and enter the mobile number or email address registered in Step 1
Step 4: Select debit account and enter transfer amount
Step 5: In the field of “Recipient’s Bank / e-Wallet”, choose your e-wallet to be paid to
Step 6: Confirm transfer

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Go back to DBS mobile banking and select "PayFast" from the pre-login page
Step 3: Log in and enter the mobile number or email address registered in Step 1 
Step 4: Select debit account and enter transfer amount
Step 5: In the field of “Recipient’s Bank / e-Wallet”, choose your e-wallet to be paid to
Step 6: Confirm transfer

 

By PayFast on DBS iBanking

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Log in to DBS iBanking and go to Transfer > PayFast
Step 3: Enter the mobile number or email address registered in Step 1
Step 4: Enter transfer details
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

Step 1: Go to your e-wallet to register your mobile number or email address for FPS service to collect payment
Step 2: Log in to DBS iBanking and go to Transfer > PayFast
Step 3: Enter the mobile number or email address registered in Step 1
Step 4: Enter transfer details
Step 5: In the field of “Specify Recipient Bank”, check “YES” then choose your e-wallet to be paid to
Step 6: Verify details and submit

 

By Transfer to Your Account Number on DBS iBanking

Step 1: Log in and go to Transfer > To Other Local Recipients
Step 2: Select “Non-Registered Payee” under To Account and select “Bank Account” under Transfer Mode
Step 3: Enter e-wallet account number and transfer details
Step 4: Verify details and submit
Step 5: Approve the transfer with your Digital Token* on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Step 1: Log in and go to Transfer > To Other Local Recipients
Step 2: Select “Non-Registered Payee” under To Account and select “Bank Account” under Transfer Mode
Step 3: Enter e-wallet account number and transfer details
Step 4: Verify details and submit
Step 5: Approve the transfer with your Digital Token* on the DBS mobile banking app

* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Notes:

  • Please ensure the recipient and transfer details are correct before you submit the transaction. Once you have submitted the transaction, it cannot be cancelled. If a wrong transaction has been submitted, please download the mis-transferred fund recall request form here and return the completed form to our branches or call (852) 2290 8888 for assistance.
  • If you have received funds that are mis-transferred to you, you should immediately contact us at (852) 2290 8888 to arrange the return of funds. You may have criminal liability if you do not return the mis-transferred funds.
  • If you have not performed any PayFast/Scan & Pay transactions within the last 12 months via our online or mobile banking services, the PayFast daily limit (shared by PayFast and Scan & Pay) will be reset to HK$0 automatically. For details, please visit go.dbs.com/hk-limit-en.
 

 

Latest Promotions

 

Top up and Pay to enjoy Rewards

Reward 1: Bind DBS account to AlipayHK eWallet and shop to Taobao 618 to get HK$160 rewards

Promotion Period: 31 May – 31 July 2022


 

Click here to understand the quick checkout tips & offers for Taobao 618

Terms and Conditions apply. Please click here for details. For up to HK$100 cash rewards upon spending HK$1,000, please refer to DBS FPS “Money Up” Reward (“Reward 2” section on this page).

Reward 2: Top up to designated e-wallets to earn up to HK$100 Cash Rewards

Promotion Period: 7 Apr – 31 July 2022

*Only applicable to customers who have not conducted any fund transfer to any of the 3 e-wallets mentioned above from 1 January 2021. If you have previously made a transfer to your AlipayHK e-wallet and are now making a transfer to your WeChat Pay for the first time, you will be eligible to receive HK$50 Cash Rewards only.

 

Go to “How to Top up Your e-wallet via PayFast” section on this page for a step by step guide

Terms and Conditions apply. Please click here for details

Reward 3:Use FPS in-app payment function to top up your Octopus Card or pay HKBN bill to enjoy up to HK$100 Cash Rewards

Promotion Period: 7 March – 31 July 2022

Click here to understand how to use FPS in-app payment function

Terms and Conditions apply. Please click here for details

Reward 4: Collect eStamps to earn up to HK$400 cash rewards

 
 

Earn HK$200 worth of eStamps by completing eligible digital and investment transactions plus a chance to multiply your rewards to HK$400!
 

2 eStamps by completing the following:

  • Register your mobile phone number or email address for FPS for the 1st time^
  • Set DBS as the default receiving bank
  • Fund in HK$300 or above (or equivalent in foreign currencies) from other banks or e-wallets

1 eStamp for each fund transfer of HK$100 or above

1 eStamp for each Scan & Pay or Online Bill Payment of HK$200 or above

(Applicable to merchants supporting FPS QR code for bill payment)
^1st time since 1 January 2020
Terms and Conditions apply.
 

Frequently Asked Questions

  1. What is PayFast?
    PayFast is an electronic fund transfer service supported by Faster Payment System (FPS) that allows you to pay instantly* to any local recipients’ mobile number or email address, and does not require additional authentication. Daily transfer limit is up to HK$10,000.
  2. Are there any service charges for using PayFast?
    PayFast is free.
  3. How do I activate and use PayFast?
    You can refer to “How to Activate & Set Transfer Limit for PayFast”.
  4. How does a PayFast fund transfer work?
    Receiving money:
    • Inform sender of your registered mobile number or email address
    • Inform sender to send funds to your registered mobile number or email address using transfer function, supported by FPS, on his/her bank's internet banking or mobile banking platform

    Sending money:

    Via DBS iBanking:

    • Login DBS iBanking
    • Select "Transfers", then select "PayFast"
    • Enter recipient and transfer details
    • Verify details and submit

    Via DBS digibank HK app:

    • Login DBS digibank HK
    • Select "PayFast" under Pay & Transfer
    • Enter recipient and transfer details
    • Verify details and submit
  5. How would I ensure I am sending to the right person?
    When you transfer funds via PayFast, you will enter the recipient mobile number or email address and click "Verify" in DBS iBanking or “Next” in DBS digibank HK to perform a lookup. Doing so will display the recipient's partial name. You can verify he/she is indeed the right person.
  6. How would I know my friend has registered his/her mobile number or email address to receive funds?
    When you transfer funds via PayFast, you will enter the recipient mobile number or email address and click "Verify" in DBS iBanking or “Next” in DBS digibank HK to perform a lookup. Partial recipient name will be shown when the mobile number or email address is registered. Otherwise, you will be notified.

* The exact timing of crediting funds to recipient's account will be subject to the operation of recipient bank.

Make a PayFast transfer with FPS ID via DBS iBanking

Step 1: Log in and go to Transfer > PayFast
Step 2: Select “FPS ID” under Transfer Mode
Step 3: Enter recipient’ FPS ID and transfer details
Step 4: Verify details and submit

 

Step 1: Log in and go to Transfer > PayFast
Step 2: Select “FPS ID” under Transfer Mode
Step 3: Enter recipient’ FPS ID and transfer details
Step 4: Verify details and submit

 

Transfer to FPS ID on mobile

Step 1: Log in and go to Pay & Transfer > Local Transfer
Step 2: Tap “”icon on the top right hand corner > “Transfer to New Recipient” and “FPS ID”
Step 3: Enter recipient’s FPS ID and transfer details
Step 4: Confirm transfer
Step 5: Enter your DBS iBanking password^
Step 6: Let your Digital Token* authenticate your transfers

^ if this is the first high-risk transaction after the biometric login
* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

Step 1: Log in and go to Pay & Transfer > Local Transfer
Step 2: Tap “”icon on the top right hand corner > “Transfer to New Recipient” and “FPS ID”
Step 3: Enter recipient’s FPS ID and transfer details 
Step 4: Confirm transfer 
Step 5: Enter your DBS iBanking password^ 
Step 6: Let your Digital Token* authenticate your transfers

^ if this is the first high-risk transaction after the biometric login 
* You can activate your Digital Token immediately via DBS digibank HK. Please click here for details.

You can refer to the Receive money with FPS for more details.

  1. What types of bank accounts can I link my mobile number or email address to? Are joint accounts included?
    All single-name accounts and joint-name accounts (excluding joint-accounts with all-to-sign instruction) of DBS Current and Savings accounts are eligible to be linked to mobile number or email address to receive funds transfers.
  2. For a joint account, can all joint account holders link their mobile number or email address to the joint account?
    Yes, each joint account holder can choose to link his/her own mobile number or email address associated with his/her DBS iBanking profile to the same joint account (excluding joint-accounts with all-to-sign instruction).
  3. What will happen if I close the bank account linked to my mobile number or email address?
    Once you close your bank account, all mobile number or email address linked to that account will automatically be de-registered, and you will be notified accordingly via SMS or email.

You can refer to Local Funds Transfer for more details.
 

Terms and Conditions

Terms and Conditions apply. Please refer to Faster Payment System section under Bank Accounts and Services Terms and Conditions.

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