DBS launches a digital mobile solution targeting property management fees in Hong Kong through a partnership with Hong Yip, a local subsidiary of real estate giant Sun Hung Kai.
Leveraging DBS’s API solution, IDEAL RAPID, and Hong Kong’s Faster Payment System (FPS), users will be able to make real-time payments for property management fees, enhancing collection time, efficiency and auto reconciliation, a method of improving transaction and record accuracy. In addition, IDEAL RAPID can also include other functions such as booking clubhouse facilities or merchandise sales.
The new solutions will first be launched for Victora Harbour before rolling out to other properties managed by Hong Yip.
«Through new and innovative technologies, we are transforming how people access financial services and helping to set new benchmarks for quality service with joyful and seamless customer experiences,» said Alex Cheung, managing director and head of institutional banking group at DBS Hong Kong.
