Electronic payment services have become a major trend in recent years. Since the launch of the Faster Payment System (FPS) by the Hong Kong Monetary Authority (HKMA) in 2018, banks and e-wallet operators in Hong Kong have also introduced their own instant payment systems, marked by the Simplified Electronic Direct Debit Authorization (sDDA) feature recently established by banks. This new feature enhances the speed and security of stock trading while eliminating the need for tedious fund transfer processes and proof of deposit submissions. 

Victory Securities now offers the sDDA feature to provide clients with a more efficient and convenient securities trading experience. Authorization refers to the payer (client) authorizing Victory Securities to arrange payments through banks.