Latest news with #RonickChan
South China Morning Post
2 days ago
- Business
- South China Morning Post
Lawmakers warn SIM card limits won't stem tide of phone scams in Hong Kong
A law amendment proposal to reduce the number of prepaid SIM cards per user from 10 to three does not go far enough to deter rampant phone scams, according to Hong Kong lawmakers, who called for a tougher approach to handling the issue. Hong Kong authorities have proposed reducing the maximum number of prepaid SIM cards a user can register with one of the 29 telecommunications service providers in the city from 10 to just three, according to a paper submitted to the Legislative Council. This means each user can register up to 87 SIM cards based on a quota of three per person. 'The effect [of the piece of the proposed law] might be discounted,' lawmaker Ronick Chan Chun-ying said. He proposed further capping the maximum number of prepaid SIM cards per user. Lawmaker Peter Shiu Ka-fai considered the number of 87 'sizeable' and recommended registering with a limit of four telecommunications service providers, which would translate to 12 prepaid SIM cards per user. Lawmaker Doreen Kong Yuk-foon agreed with Shiu's suggestion and cited other jurisdictions having limits of eight, 10 and 12 while pointing out that Hongkongers should not be paying the price of scams for a free industry.
RTHK
22-06-2025
- Business
- RTHK
'New Payment Connect service is fast and convenient'
'New Payment Connect service is fast and convenient' The Monetary Authority said Payment Connect had a smooth start on Sunday. File photo: RTHK Finance sector lawmaker Ronick Chan on Sunday said a new cross-border electronic payment service is convenient for both Hong Kong and mainland people. His comment came as the Payment Connect had a smooth start, with thousands of payments made on the first day of operation. There were 2,000 northbound transactions and 7,400 southbound payments made as of noon on Sunday, according to the Monetary Authority. The new service links up Hong Kong's Faster Payment System with the mainland's Internet Banking Payment System, allowing FPS users to transfer up to HK$10,000 a day per account to the mainland, with an annual cap set at HK$200,000. Speaking to RTHK, Chan said the new system has proven to be a quick and easy money transfer mechanism. He said in the past, remittances had to be handled by banks during office hours and the process took one to two days to be completed. 'Right now, it takes just a few seconds' time to complete the whole transaction. I think it really offers members of the public in both the mainland and Hong Kong a very convenient way of completing their money transfer,' he said. Chan also said the current limit for transactions is sufficient for users, adding that people can transfer money via different bank accounts if necessary.
