Tap & Go unveils usage details of $5000 government consumption vouchers
- By: Yoyo Kwok Chiu TungEdited by: Vikki Cai Chuchu
Tap & Go, an e-payment service provider, became the first operator to announce details on the usage of the government’s HK$5000 consumption voucher set to launch this summer to boost the city’s economic activities which have been devastated by the COVID-19 pandemic.
The government announced earlier this month that it has picked four stored Value Facility (SVF) operators to assist the implementation of its consumption voucher scheme. The selected SVFs are AlipayHK, Octopus, Tap & Go and WeChat Pay HK.
Tap & Go, presented by Hong Kong Telecom (HKT) Payment Limited, is the only SVFs providing a physical debit card and it said eligible users could use it to receive the government’s consumption vouchers.
“I usually shop at supermarkets, I could pay by using Tap & Go because it supports Visa and UnionPay, which is quite convenient,” said Ms Fung Ka-wai, 22, a current Tap & Go user. “There’s less options (SVFs), I have to follow the government’s regulations if I want to get these consumption vouchers,” she added.
In Tap & Go mobile app, there is a separate interface for users to pay by using vouchers. Tap & Go would be provided with different payment methods through the app, for example Mastercard, UnionPay or Fast Payment System (FPS).
New merchants who subscribe to HKT’s smart point of sales (POS) service could enjoy free terminal rental and no transaction fee will be charged for Tap & Go QR code and FPS QR code during consumption vouchers scheme period, HKT also said in its website.
Financial Secretary Paul Chan Mo-po said in his 2021-22 Budget speech that electronic consumption vouchers will be disbursed by instalments to each eligible Hong Kong permanent resident and new arrival aged 18 or above, so as to encourage and boost local consumption.
《The Young Reporter》
The Young Reporter (TYR) started as a newspaper in 1969. Today, it is published across multiple media platforms and updated constantly to bring the latest news and analyses to its readers.
RTHK producer conviction a ‘dark day for the Hong Kong press’, Hong Kong Journalists Association says
Copyright infringement prevalent in Chinese social media