image credit: jcomp / Freepik

Visa Drives Payment Innovation Following CBDC e-HKD Pilot Test

November 2, 2023

Beginning in May 2023, Visa took part in the e-HKD CBDC pilot programme focused on simulating two use cases of interbank B2B payment flows — property payments and acquirer-merchant settlement, each tailored to the Hong Kong market. It also demonstrated the potential benefits of tokenised deposits for B2B payments in terms of payment speed, settlement risk control, network resilience, and transaction transparency.

The pilot test began in May 2023 when Visa was selected by the Hong Kong Monetary Authority (HKMA) to participate in its e-HKD Pilot Programme (Pilot Programme).

Read More on The Fintech Times