Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Monday, May 17, 2021

Octopus to install small card readers for free

Octopus to install small card readers for free

Octopus Cards Limited will provide a small card reader for small businesses upon new registration, free of charge, according to lawmaker Michael Tien Puk-sun.
The government today announced earlier today that Octopus, AlipayHK, Tap & Go and WeChat Pay HK have been chosen as the payment providers for the electronic voucher scheme.

The card reader will be connected to a smartphone set up by the Octopus company, and the phone will transfer the money back to the shops, unlike the usual set-up with wires, according to Tien.

New clients of Octopus will not be charged any transaction fee within the valid period of the e-vouchers, he added. Tien also said he suggested Octopus to refund transaction fee back to its old clients, based on the weighting of e-vouchers over all transactions within the period.

Tien pointed out that as the stored value is capped at HK$3,000 per card, citizens will most likely get their vouchers in two times, for example HK$2,500 each time. Citizens can then get their remaining vouchers 2 months after their first withdrawal, he continued.
Newsletter

Quote of the Day

The secret of success is to do the common thing uncommonly well.

John D. Rockefeller Jr.
Related Articles

Hong Kong News
×