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Electronic vouchers│4 payment platform selected to owe PayMe IT sector expected to be due to low retail coverage

2021-04-11T08:34:46.467Z


The government will issue 5,000 yuan electronic consumer vouchers to all Hong Kong citizens, and they will be handed over to Alipay Hong Kong, Octopus, Tap & Go and WeChat Pay HK to assist in the issuance. Some people in the information technology industry estimate that 4 platforms


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Written by: Zhu Haiqi

2021-04-11 16:19

Last update date: 2021-04-11 16:19

The government will issue 5,000 yuan electronic consumer vouchers to all Hong Kong citizens, and they will be handed over to Alipay Hong Kong, Octopus, Tap & Go and WeChat Pay HK to assist in the issuance.

Some people in the information technology industry estimate that the four platforms cover approximately 70 to 80% of the retail market in Hong Kong. Although some people describe HSBC’s PayMe as a “big hit”, in fact, PayMe is not widely used at the commercial level and is only used by the public. , So I believe it was the main reason for his loss.

▼How to use the coupon?

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

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There are 18 companies in Hong Kong that are licensees of stored-value payment tools. The Financial Secretary Chen Maobo announced today (11th) that Alipay Hong Kong, Octopus, Tap & Go and WeChat Pay HK have been selected to assist in issuing consumer coupons. When looking for the payment tool, the popularity, ease of use, merchant coverage, the relevant experience and supporting facilities of the operators, and the time required for preparation were taken into consideration, and the Monetary Authority was also consulted.

Fang Baoqiao, honorary chairman of the Hong Kong Information Technology Chamber of Commerce, believes that the four payment tools cover 70% to 80% of the retail market. I got it tomorrow."

Fang Baoqiao: PayMe and BoC Pay are not popular at the commercial level

HSBC’s PayMe and Bank of China’s BoC Pay were both rejected by the government this time. He pointed out that the two payment tools are not popular at the commercial level. "PayMe is mainly P2P (person-to-person). PayMe out of the street is really more than money.” As for the fast-track transfer, the savings account is directly bundled, and the public is shocked that there is a mistake in using it, "a few pieces of money are transferred away."

He also mentioned, "Alipay (Alipay Hong Kong) and WeChat Pay have entered the retail market a few years ago. Two battles. Alipay is even more useful at Parklan and Watsons. Both have a high market share." As for the participation without a credit card this time, Fang Baoqiao said that credit cards have the concept of "future money", and it takes time to distinguish between consumer vouchers.

Consumer vouchers│Octopus stored value of only 1,000 yuan may affect the issuance of two methods to increase to 3,000 yuan

Consumer vouchers│4 Stored-value payment tools launch limited-time offers to attract merchants to install electronic wallets and purchase discounts

Consumer vouchers|Chen Maobo: Consumer vouchers reaching 36 billion yuan are expected to boost Hong Kong’s economic growth by 0.7%

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Electronic consumer voucher electronic money

Source: hk1

All news articles on 2021-04-11

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