In February of this year, the "Treasurer" Chen Maobo announced in the "Budget" that in order to stimulate consumption, will give every eligible person within this year Distribute a total of 5,000 yuan in consumer vouchers.
Chen Maobo said, Hong Kong permanent residents 18 years of age or above, and new arrivals with one-way permits,< /strong>E-consumer vouchers will be issued, and that is, study in Hong Kong, work in Hong Kong, foreign domestic helpers, etc., are not Received consumer vouchers. The total amount of vouchers is 5,000 yuan and will be issued in 5 installments, that is, 1,000 yuan will be distributed for 5 consecutive months. If the public fails to spend the money in time within the month, the amount will not be accumulated for use in the next period. It is estimated that the measures will benefit about 7.2 million people, involving about 36 billion yuan in financial commitments.
4 major payment tools participate in the electronic coupon distribution program
The Hong Kong government recently announced that it has selected several stored-value payment tool operators to assist in the implementation of the plan, namely AlipayHK (AlipayHK), Octopus, Tap & Go Tap & Live Rewards and WeChat Pay HK are currently discussing various detailed arrangements with the operator, including system design, detailed procedures, etc., and will announce the details of the plan as soon as possible. The goal is to be during the summer vacation. Start accepting registration.
Hong Kong’s Financial Secretary, Chen Maobo, said that when the government is looking for stored-value payment tool operators, it has considered a basket of factors, including the popularity of stored-value payment tools, ease of use, merchant coverage, and the operators’ relevant experience and supporting facilities. We also consulted the Hong Kong Monetary Authority for the time required for preparation, and believe that the public can choose from the above list the stored-value payment tools that suit their needs to receive and use consumer coupons.
Chen Maobo pointed out that these stored-value payment instruments currently cover approximately 30,000 to 100,000 local retail, catering and service merchants. To encourage more local merchants to participate in the project, The government has discussed with various stored-value payment tool operators to facilitate and support local merchants to use electronic Arrangement of payment system.
The operators have agreed to reduce as much as possible the cost of installing and using related payment tools for local merchants (especially small and medium-sized enterprises), as well as the handling fees for processing payments with consumer vouchers. Merchants who are interested in installing relevant payment tools can pay attention to the announcements of the respective operators and directly inquire with the operators.
Chen Maobo also pointed out that the authorities will set up a central registration system 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. Among these four stored-value payment tools, citizens can choose the one that best suits their consumption pattern to receive and use Coupons.
Take the Octopus as an example. When registering, citizens can use their Octopus card instead of registering a new card or switching to a personal Octopus. As for the other three electronic stored-value payment tools that use smart phones as the operating medium, they are all operated through electronic wallets, so it will be more convenient to use consumer vouchers in the future.
The most popular electronic payment tool in Hong Kong is Octopus
At present, more than 95% of Hong Kong people aged 15 to 64 in Hong Kong have Octopus, and nearly 40,000 retail outlets accept Octopus payments. The average daily transaction amount is 220 million yuan. I believe that the distribution of electronic consumer coupons through Octopus is The way to reach the most citizens.
Chen Maobo also pointed out that, in accordance with their operating models and business arrangements, the operators will give back to the merchants or consumers the additional revenue derived from the coupons in different ways, and will organize various promotional activities to encourage consumption.
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