Electronic Payment Services

Operating area Hong Kong
Members 21
Founded 1984

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.


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


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.[1]

Service at consumer level

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:

Customer:Hands over the card
Retailer:Inserts the card into the processor and keys in the transaction amount
 Retailer gives the processor to the customer
Customer:Confirms the amount, selects the desired account, enters the PIN
 Customer returns the processor to the retailer
Retailer:Docks the processor to the base unit
 The base communicates with the EPS server and prints out a slip indicating approval or rejection
Retailer:Hands the receipt to the customer

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.

EPS Company Member Bank List

Official website

Official website

See also


  1. "EPS Company (Hong Kong) Limited". www.eps.com.hk. Retrieved 2016-08-20.

External links

This article is issued from Wikipedia - version of the 9/6/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.