October product update｜Instant waiver of FPS transaction fees and support for PayMe for Business

As the market continues to evolve, we are committed to providing more comprehensive and efficient payment and collection solutions, ensuring merchants no longer need to worry about complex fees, and offering more payment options. Starting from October 1, 2024, KPay is introducing a series of important updates, including: 

• Upgrading the FPS fee rebate to instant waiver.

• Enhancing the automatic reconciliation feature of KPay App to further improve reconciliation efficiency.

• Supporting special characters in the KPay App login password.

• Enabling PayMe for Business payments on KPay Smart POS Terminals.

These updates will provide more convenience, enhance your daily transaction efficiency, and reduce operational costs.

Update 1: Upgrade of FPS fee rebate to Instant waiver

Starting from 1 October 2024, HKD FPS transactions via Fast Payment Account will be eligible for an immediate waiver of transaction fees for specified FPS transactions (KPay App must be updated to the latest version).

Merchants can select the existing fee waiver offer during payment and receive an instant fee waiver. To check the remaining fee waiver balance, merchants can go to the "Pay-Out" page and click on "Transaction fee rewards" to view details and the available balance.

Update 2: Enhanced reconciliation function for Fast Payment Account sales records

To further improve reconciliation efficiency, the KPay App has now upgraded its automatic reconciliation feature. Merchants can simply enter the “Transaction records” of their Fast Payment Account, click on "View settlement details",  and access comprehensive payment and settlement records. This feature helps merchants quickly verify sales records on the KPay Smart POS Terminal against account transaction records, significantly improving the accuracy and efficiency of reconciliation and auditing, reducing manual errors, time, and paperwork costs.

Update 3: KPay App login password now supports special characters

The KPay App login password now supports the use of special characters, further enhancing your account security.

Update 4: POS Terminal supports PayMe payments

To offer merchants a more flexible payment method, the latest version of the KPay Smart POS Terminal now supports PayMe for Business, allowing you to easily receive payments from over 3.2 million PayMe users, further expanding your customer base.

KPay has always been committed to providing innovative payment solutions to meet the diverse needs of merchants and enhance your product experience. We will continue to roll out more updates to help you improve business efficiency. If you encounter any issues during use, please feel free to contact our customer service team via WhatsApp or call +852 3706 7828 during office hours (Monday to Sunday, 10 AM - 10 PM), and we will resolve your issues as soon as possible.

Starting today, you can open a Fast Payment Account with a package fee of just HKD 1,000, and enjoy the following limited-time package offers to kickstart your business at a lower cost!

1. Waiver of transaction fees for the first 250 HKD FPS transactions (worths HKD 1,250)

2. Enjoy lower transaction fees for FPS transfers

3. Upgrade to enjoy T+1 settlement