HSBC Hong Kong has completed offline payment testing for its "Digital Hong Kong Dollar" pilot program.

According to the latest news from the Zhitong Finance APP, on October 20th, Standard Chartered Bank in Hong Kong announced that it has completed offline payment tests for the "Digital Hong Kong Dollar" pilot program in a series of application scenarios. This includes researching the inclusiveness, security, and reliability of simulating digital Hong Kong dollars in situations where there is no network or power supply.

Standard Chartered Bank in Hong Kong pointed out that over the past few months, their team has conducted two rounds of testing and demonstrations with more than 10 different types of merchants and institutions, as well as 200 participants. This includes public transportation, campuses, restaurants, and employee markets. Standard Chartered Bank in Hong Kong is currently integrating the relevant test data, and the detailed results will be announced at a later date.

Wen Weicheng, Head of Personal, Private and SME Banking at Standard Chartered Bank in Hong Kong, said that based on the experience summarized from the simulated tests, it can provide meaningful reference for the future digital development of Hong Kong's economy and bring greater convenience to Hong Kong citizens.

Mai Weilin, Head of Digital Banking, Customer and Data at Standard Chartered Bank in Hong Kong's Personal, Private and SME Banking Department, said that Standard Chartered Bank in Hong Kong has collaborated with the academic community, the catering industry, public transportation, and small merchants to test the security, inclusiveness, and application in environments without network or power supply of simulating digital Hong Kong dollars, hoping to address some limitations of other payment methods or the use of cash at present.