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Details 29 June 2021
Hong Kong s upcoming e-voucher scheme will allow citizens to apply soon, and the city s financial secretary Paul Chan Mau-po said that it will boost Hong Kong s economy thanks to the multiplier effect. The scheme is also said to pave the way for embracing e-wallets in the future. Chan said on its weekly blog on Sunday that although electronic payment was not very prevalent in Hong Kong, this method, coupled with online shopping, are two main trends of the retail market in the future, offering more personalised products and services for citizens in the future and creating more opportunities to develop business for merchants and businesses.
Hong Kong budget: residents to receive HK$5,000 in digital vouchers in bid to boost local economy
Government will distribute handouts via electronic platforms, with adult permanent residents and new arrivals getting HK$1,000 a month for five months
But social-distancing rules could end up undermining the drive to get people out and spending, while others might be reluctant to spend big on meals given uncertain economic climate