Updated September 28, 2026
What is Hong Kong Monetary Authority?
In short
The Hong Kong Monetary Authority licenses and supervises banks, and stored value facility licences are recorded against the operator.
The Hong Kong Monetary Authority is the authority that licenses and supervires banks in Hong Kong, and it records licences for stored value facility operators, which are the prepaid wallet schemes behind many cards. Tap & Go holds licence SVF0002. A stored value facility licence covers holding and issuing prepaid balances, so check whether your card runs on a licensed scheme or on a bank account, because the two are protected differently. Providers such as HSBC Hong Kong, Mox Bank, WeLab Bank and ZA Bank hold their own arrangements, so read the terms for the specific product.
Sources
- tapngo.com.hk, checked September 26, 2026