Letters | Hong Kong voucher scheme risks leaving out smaller, neighbourhood businesses
- Make voucher scheme fairer by including more than four e-payment providers and offering help to businesses that only take cash
According to the plan, the HK$5,000 (US$640) vouchers, intended to boost local consumption, are to be distributed to each adult Hong Kong resident through just four electronic payment platforms, namely AlipayHK, Octopus, Tap & Go and WeChat Pay HK.
Although Financial Secretary Paul Chan Mo-po claimed that the four operators cover up to 100,000 merchants in the retail, food and drink, and service sectors, I suspect many of these are part of the large-scale restaurant and shopping chains dominant in the domestic market.
Confining the voucher distribution to just four operators is unfair to the smaller businesses not affiliated with any of the platforms, not to mention those that only accept cash payment. It would be preposterous to only aid large brands while leaving others behind, given the government’s intention to boost local consumption.
Therefore, the voucher scheme must be fairly implemented so all local businesses, regardless of scale, benefit equally from the stimulus. I urge the government to include other popular electronic payment platforms in the scheme, and to offer more help to those businesses unreached by electronic payment.