HKABHong Kong Association of Banks
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Planning for its future role, the HKAB commissioned consulting firm KPMG to do a study, whose results have been released to member banks for consultation over the next two weeks.
Wong said the HKAB will be more active in lobbying the government, the Hong Kong Monetary Authority -- the territory's de facto central bank -- and other parties over issues that affect the banking sector, such as the development of the Code of Banking Practice.
The Deputy Chief Executive of the HKMA, Mr Peter Pang, said, "The HKMA welcomes the introduction and implementation of the Best Practice for NFC mobile payment service by HKAB.