LAW Sau-Wai, SamuelSamuelLAW Sau-WaiWu, EricEricWu2023-11-022023-11-022022Banking Today, 2022, (127), pp. 34-39.file:///C:/Users/libsltse/Downloads/SSRN-id4376671.pdfhttp://hdl.handle.net/20.500.11861/8495The pilot-launch of Payment Arrangements for Property Transactions (PAPT) scheme means that banks will be able to play a more active role in effecting mortgage fund transfers to relevant institutions and parties, which previously were the responsibility of a solicitor. With authorised banks now able to electronically pay the mortgage loan secured by a homebuyer directly into the bank account of the seller, PAPT is designed to facilitate the development of digital finance while strengthening the protection of mortgage customers.enPeer Reviewed Journal Article