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Consumer vouchers│Chen Maobo: Only one option is available for Octopus or e-wallet with a central registration system

2021-04-11T03:20:01.228Z


The government will issue 5,000 yuan electronic consumer vouchers to the public. This morning (11th) it was announced that Alipay (Alipay Hong Kong), Octopus (Tap & Go) and WeChat Pay Hong Kong


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Written by: Lao Minyi

2021-04-11 11:05

Last update date: 2021-04-11 11:05

The government will issue 5,000 yuan electronic consumer vouchers to the public. This morning (11th) it was announced that Alipay Hong Kong, Octopus, Tap & Go and WeChat Pay Hong Kong will operate as stored-value payment tools Business, it is expected to accept registration this summer.

Financial Secretary Chen Maobo stated on his blog that a central registration system will be established for citizens to register electronically.

If citizens have registered for the "Cash Disbursement Program" last year, some basic personal information will be automatically loaded on the application form page for verification, reducing the time for citizens to input information.

Octopus users do not need to switch to personal Octopus application

Chen Maobo explained in his blog that taking the Octopus as an example, citizens can use the Octopus card they have when registering. There is no need to register a new card or switch to a personal Octopus.

As for the other three electronic stored-value payment tools that all use smart phones as the operating medium, their electronic wallets are all set up and operated in the name of individuals, so it will be more convenient to use consumer vouchers in the future.

In order to prevent impersonation or embezzlement of identity registration, the central registration system does not accept repeated applications.

In addition, every Octopus card or personal e-wallet can only be linked to a single registration and cannot be reused.

As for other implementation details of the consumer voucher plan, including the number of periods to be issued, the amount to be issued in each period, and the period of use, Chen Maobo pointed out that he would carefully consider various different opinions raised by the public over the past period of time and will finalize the details as soon as possible.

The general principle is to allow citizens to conveniently and flexibly use electronic consumer vouchers within a period of time to pay for the consumption of local retail, catering and service merchants and stimulate the economy.

Chen Maobo said that the scale of the electronic consumer voucher program reached 36 billion yuan, which is estimated to be a 0.7% boost to this year's economic growth.

(Profile picture)

Expected to bring 0.7% boost to economic growth

In order to improve the convenience of using electronic consumer vouchers and to cover more merchants, the operators have agreed to reduce as much as possible the cost of installing and using related payment tools and common handling fees for local merchants (especially small and medium-sized enterprises).

If the merchant directly applies to the operator for a payment code or a simpler device, instead of applying through a third-party supplier, there is no need to pay any installation fees.

Each operator will also give back to the merchants or consumers in different ways the additional revenue derived from consumer coupons in accordance with their own operating models and business arrangements.

Chen Maobo said that the scale of the electronic consumer voucher program is 36 billion yuan, which is estimated to bring a 0.7% boost to this year's economic growth, promote the consumption atmosphere and accelerate the momentum of economic recovery, and also help promote small merchants to use electronic payments more actively.

He hopes that whether it is the stored-value payment tool operators who are assisting in the implementation of the plan, or the retail, catering and other service industries, they will actively organize large-scale promotion activities and even cross-sectoral discounts, so that electronic consumer vouchers can exert a greater multiplier effect. Revitalize the local economy and job market.

▼How to use the coupon?

Click the picture to see the $5000 electronic coupon lazy bag▼

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01News

Chen Maobo Electronic Coupon

Source: hk1

All news articles on 2021-04-11

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