Political situation
Written by: Zhou Haoyi
2021-04-13 13:56
Last update date: 2021-04-13 14:01
The government decided to issue 5,000 yuan in electronic consumer vouchers through four payment operators including Octopus and Alipay Hong Kong.
Tian Beichen, a member of the Legislative Council of the Politics Roundtable, stated on the radio program that the government has proposed to restrict the scope of citizens using Octopus to use consumer vouchers. For example, the current consumer vouchers cannot be used for transportation expenses. For transportation consumption, a penalty mechanism will be set up in the distribution of the second vouchers to reduce the return fare.
He suggested that the government relax restrictions on using Octopus to use consumer vouchers, as long as the place where Octopus can be used for payment can use consumer vouchers.
Tian Beichen pointed out that it is difficult for the Octopus company to distinguish whether it comes from consumer coupons or the value-added money from the public. If the government adds restrictions on the scope of use of Octopus consumer coupons, it will only make the plan too complicated.
He said that Octopus will provide a small card reader free of charge for merchants who do not have Octopus installed. As long as they connect to a smart phone application, they can collect payments. During the coupon period, a 1.5% transaction service fee will also be waived.
He also mentioned that Octopus has promised not to charge service fees incurred by consumer vouchers.
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