'Octopus Payment In Wet Markets Not Feasible'
"); jQuery("#212 h3").html("

"); });
2020-09-18 HKT 12:25
Representatives of Hong Kong's wet markets said plans to try and get stall vendors to switch to contactless payment might not work because of obstacles like poor Wi-Fi facilities, wet conditions of stalls or simply because some stall owners are unwilling.
The comments come after Chief Secretary Matthew Cheung briefly mentioned on Tuesday that the government would subsidise stall owners in wet markets to install contactless payment systems.
One market vendor already using contactless payment was the chair of the Yau Ma Tei Market Vendors Association, Chan Yuen-fai, who runs a fruit and vegetable stall there.
Chan said he started accepting Octopus payments this month, that the Octopus reader he uses was installed for free, and the 1.5 percent transaction fee was waived for the first six months, which he felt was reasonable.
He told an RTHK radio programme that as he runs a fruit and vegetable stall, it is easier for him to accept Octopus payments as he sells dry goods. But it would be hard for fish stalls to switch to contactless payments because of the wet conditions, he said.
Chan also said that Octopus readers also need to be connected to a wireless network to operate, and that the networks provided by the Food and Environmental Hygiene Department have to be reconfigured every hour, which is not convenient for stall vendors.
Meanwhile, a spokesperson from the Alliance on the Development of Public Markets, Leung Pui-shan, said that in addition to providing subsidies, the authorities also need to help some older and less tech-savvy stall owners to implement a contactless payment system.
The use of electronic payment methods in wet markets was recommended by Hong Kong University microbiologist Ho Pak-leung, who said notes changing hands at wet markets could have been a source of infection after a cluster emerged at Hung Hom and To Kwa Wan markets in August.
Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++
Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more
Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce
Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more
Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more
Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors
Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more
Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin
Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more
Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs
Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more
