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Granting of Stored Value Facility Licence
The following is issued on behalf of the Hong Kong Monetary Authority:
     The Hong Kong Monetary Authority announced today (December 19) that the Monetary Authority granted a stored value facility (SVF) licence to RD Wallet Technologies Limited (RDWT) under the Payment Systems and Stored Value Facilities Ordinance. The granting of this SVF licence takes effect today (December 19, 2022). The SVF licence number is SVF0016.
     According to its plan, RDWT intends to launch its business starting with soft launch followed by official commencement of services. RDWT will announce more details when the exact timeline is determined.
     According to the register of SVF licensees, there are 13 non-bank SVF licensees (including RDWT) and four licensed banks issuing SVFs.
Ends/Monday, December 19, 2022
Issued at HKT 17:00
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