There are around a dozen of Stored Value Facilities (SVFs) available for the government to choose from and distribute the HK$5,000 "electronic consumption vouchers", said Alfred Sit Wong-hang, Secretary for Innovation and Technology. “A case in point is the Faster Payment System launched by the Hong Kong Monetary Authority, a total of 7 million people were using the system so far,” said Sit. Financial Secretary Paul Chan Mo-po revealed in his annual budget address that HK$5,000 in coupons would be given to every adult permanent resident and new immigrant. Meanwhile, Sit said the “LeaveHomeSafe” app has had more than 3.34 million downloads since its launch, equal to around 40 percent of Hong Kong’s total population. He urged citizens to make use of the app to help authorities fight the epidemic.

Source: The Standard March 10, 2021 04:39 UTC