HKET reports on the $5K Consumption Voucher Scheme and what’s next for SMEs

HKET reports on the $5K Consumption Voucher Scheme and what’s next for SMEs

On-us (previously known as Mojodomo) Founder & CEO Dennis Shi, ecHome CEO Simon Hui and MyDress Co-fonder Leon Lai discuss the $5K Consumption Voucher Scheme and what it means for SMEs.

“I believe the Consumption Vouchers Scheme will foster the popularity of electronic payment technologies and encourage more public and local merchants to adopt electronic payment systems. Hence, the scheme will accelerate Hong Kong's development as a smart city.”

Our CEO Dennis Shi, shares.

Some of the difficulties faced by SMEs include the expensive handling fees and deferred payments. Although most of the e-payment providers have agreed to waive practicable installation or handling fee for local merchants, they still need to reconsider the operation costs once the scheme ends.

Read the full article here. (Chinese version only)