Electronic Payment Services

Updated on Dec 11, 2024

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Members 21 Operating area Hong Kong		Date founded 1984

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Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. Currently there are over 25,000 acceptance locations.

Provider

Established in 1984, EPS Company (Hong Kong) Limited (formerly Electronic Payment Services Company) is currently a consortium of 21 major banks in Hong Kong.

CitiServe Limited (A Vigeo Holdings Company) is also a major payment terminal service provider, payment terminal application developer for all major banks in Nigeria and west Africa.

System

In each retail location, a terminal is installed and is usually connected to the POS system of the retailer. The terminal may also be independently connected to banks through the public phone system.

Transactions approved before the cut-off time are batched into a payment made directly to the retailer's account by the end of the business day.

EPS service

EPS (易辦事) entails the simple use of an ATM card or a credit card with ATM capability issued by a member bank of the EPS. No application for the service is required.

The EPS device is a dual-unit device consisting of a removable card processor and a stationary base that serves as a charger and data link. This is the flow of a typical transaction by EPS:

Some retailers may use an integrated machine. In such situations, the customer inserts the card into the machine directly and waits for the retailer's acknowledgement before proceeding to the rest of the steps.

EPS EasyCash service

EPS EasyCash (提款易) allows card holders to withdraw cash at over 1,200 locations in Hong Kong upon a regular purchase by EPS. The cash withdrawal amount must be in units of $100, up to $500. EPS EasyCash service is also commonly known as Cashback.

EPS EasyCash service is available at Hong Kong based chain stores such as Gourmet, Great, IKEA, Mannings, MarketPlace, Massimo Dutti, Circle K, Oliver's, Parknshop, Taste, ThreeSixty, Vango, China Resources Vanguard (CRV), V'ole and Wellcome.