[Consumption Voucher 2022] Latest offers for PayMe merchants! Don’t miss the chance! | Article – HSBC VisionGo

2022 (Phase II) Consumption Vouchers will be disbursed in Aug, time is running out! PayMe prepared latest offer for new PayMe for Business merchants!
Finance  ·    ·  4 mins read

Latest Updates on 2022 (Phase II) Consumption Voucher Scheme  

The number of SVF operators for Phase II of the Consumption Voucher Scheme will be increased to six which the arrangement allows people to change and have more options of collecting their vouchers in Phase II. PayMe is joining the Consumption Voucher Scheme phase two! 

According to the latest announcement by the Government, people can change their stored value facility (SVP) or register for the Scheme (for new eligible applicants) from 23 June to 23 July 2022. All eligible registrants will be disbursed with the first consumption voucher on 7 Aug 2022. Details below:

For existing eligible registrants who are disbursed with $5000 e-vouchers

PayMe, Alipay HK, Tap&Go and other digital wallets (except Octopus)

First consumption voucher ($2000)7 Aug 2022 (Expiry date on 28 Feb 2023)
Second consumption voucher ($3000)1 Oct 2022 (Expiry date on 28 Feb 2023)

[Octopus Card] $5000 will be disbursed by three instalments

First consumption voucher ($2000)7 Aug 2022
Second consumption voucher ($2000)1 Oct 2022
Third consumption voucher ($1000)16 Dec 2022 (provided that the cumulative total eligible spending has reached $4000 by 30 Nov 2022, or users can receive the final round of voucher by tapping the cards on the 16th of the following month after users have reached the target.)

For new eligible registrants who haven’t received the e-vouchers ($10000 in total)

PayMe, Alipay HK, Tap&Go and other digital wallets (except Octopus)

First consumption voucher ($3000)7 Aug 2022 (Expiry date on 30 Apr 2023)
Second consumption voucher ($3000)1 Oct 2022 (Expiry date on 30 Apr 2023)
Third consumption voucher ($4000)1 Dec 2022 (Expiry date on 30 Apr 2023)

[Octopus Card] $5000 will be disbursed by four instalments

First consumption voucher ($3000)7 Aug 2022
Second consumption voucher ($3000)1 Oct 2022
Third consumption voucher ($3000)1 Dec 2022
Fourth consumption voucher ($1000)16 Feb 2023 (provided that the cumulative total eligible spending has reached $4000 by 31 Jan 2023, or users can receive the final round of voucher by tapping the cards on the 16th of the following month after users have reached the target.)

Previous updates on 2022 (Phase I) Consumption Voucher Scheme 

The Government announced the latest arrangement for the new round of Consumption Voucher Scheme and the voucher will be disbursed in two phases. In Phase I, $5000 voucher will be given out on 7 April to people who had already registered for 2021 CVS. The distribution arrangements between four e-wallets are slightly different as below:

Alipay HK, Tap&Go and WeChat Pay HK

First voucher ($5000)

7 April 2022 (Expiry date on 31 Oct 2022)

Second voucher (Phase II)

To be announced in mid-2022

[For Octopus card users] First batch of e-voucher will be distributed in two instalments

First voucher ($4000)*

7 April 2022 

Second voucher ($1000)

16 June 2022 (provided that the cumulative total eligible spending has reached $4000 by 31 May 2022, or users can receive the second voucher by tapping the cards on the 16th of the following month after users have reached the target.)

Phase II

To be announced in mid-2022

* Since Octopus card has a stored value limit ($3000), users may need to tap the cards multiple times for collecting the voucher which the collection deadline is on 31 Dec 2022!

Let's get ready for the new round of consumption voucher!

The Government rolled out the new round of electronic consumption voucher scheme to each eligible Hong Kong permanent resident. The e-vouchers are set to provide economic boost. Eligible applicants will receive the e-vouchers through PayMe, Alipay HK, Octopus, Tap & Go or WeChat Pay. As a merchant, have you got the right tools to capture a share of this HKD66.4 billion territory-wide shopping spree?

Latest PayMe for Business offer

PayMe has prepared special offers for merchants to facilitate capturing sales opportunities in 2022 (Phase II) Consumption Voucher Scheme, connecting with more than 2.7 million PayMe users. 

If you are an existing HSBC Commercial Banking customer: 

All new PayMe for Business customers who register between 1 June to 30 November 2022 via the PayMe for Business app or Business Internet Banking can enjoy six months of 0% transaction fees for all online and offline payments from the start of 2022 (Phase II) Consumption Voucher Scheme, as well as HKD$300 bonus. 

<Redeem offer now>

If you are yet an HSBC Commercial Banking customer:

You may be eligible for an account opening fee rebate if you successfully open a Business Integrated Account and complete your PayMe for Business registration between 1 June to 30 November 2022.  Also, you can 

enjoy six months of 0% transaction fees for all online and offline payments from the start of 2022 (Phase II) Consumption Voucher Scheme, as well as HKD$300 bonus. Additionally, VisionGo members who open a bank account can get HKD50 Food Panda e-voucher. 

<Redeem offer now>

Retail, F&B and online shops are adding digital payment collection to draw customers

The consumption vouchers are currently being distributed to 7.2 million eligible Hong Kong residents through digital wallets including PayMe, Alipay, WeChat Pay, Octopus and Tap & Go. In order to capture customers using any of these digital wallets, you’ve got to equip your shop with the most versatile payment collection solution. You don’t want to lose your customers to your next-door neighbour, do you? 

In fact, besides bringing a one-off stimulus to the economy, the e-vouchers are also a driver for Hong Kong’s retail eco-system to become more digital. The pandemic has also changed the habit of many people: some have been shopping online more often, and some have taken up digital payment to minimise handling cash for hygienic reason. This trend seems to be here to stay, and is certainly not limited to users of the four digital wallets mentioned above. 

From the merchant’s perspective, digital payment collection allows you to leave the administrative work to technology. No more worries about misplacing cash or receiving counterfeits. Forget about counting banknotes and coins at the end of every day, and trips to the bank to deposit cash. Digital payment also brings you a stronger cash flow compared to traditional credit cards, as money is transferred from the customer to you more quickly – Faster Payment System (FPS) transactions are even processed real-time.

But with the boom of digital wallets, more options for customers may also mean that merchants have to deal with a number of digital wallet providers, and to reconcile transactions made through different wallets. 

The most convenient solution for the shop owner? Perhaps one device that allows you to collect payment from all major digital wallets in town, while at the back-end helps you streamline the reconciliation of bills from all these different digital wallet providers. 

One device that collects PayMe, AlipayHK, WeChat Pay HK, Octopus, Tap & Go and FPS!

HSBC Business Collect is a mobile payment collection solution that allows you to collect payments from customers through multiple digital channels. Simply contact HSBC to complete the installation, and with one device, you will be able to accept not only the government e-vouchers paid through PayMe, AlipayHK, WeChat Pay HK, Octopus and Tap & Go, but also other digital payments using FPS, credit cards, and mobile wallets such as Apple Pay. If you are looking for one solution that allows you to collect payments from all mainstream digital channels while capturing the spending power of PayMe’s millennial generation users – this is it. 

This one-stop digital payment collection solution covers your physical store, online store, as well as in-app sales and QR code bills. The portable point-of-sales device is run on Wifi or SIM card, so you can easily bring it along if you venture out and set up an outdoor pop-up stall. 

It is also integrated with some of the most popular global and local third-party e-commerce platforms. If you set up an online shop on platforms such as SHOPLINE and Boutir, you are all set to collect payments from the widest range of digital wallets. Requesting photos of ATM pay-in slips from customers is becoming a thing of the past. 

Click here to find out how to install HSBC Business Collect.

Convenience to your customers and yourself – all consolidated into one account 

Bringing convenience to customers does not mean sacrificing yourself. 

With HSBC Business Collect, payments collected from different digital wallets through your physical and online shops will be automatically consolidated and presented in one single report, saving you tremendous time and efforts spent on reconciliation. 

And don’t worry about having to go through the details with each of the many digital wallet providers. There are just two contracts for you to sign – one with HSBC, and another one with the bank’s third-party vendor that processes all the digital wallets for you. 

Once you have installed HSBC Business Collect, you can start making use of other free resources provided by HSBC to drive more business, including automating payment requests by email and instant account reconciliation, and promoting offers on VisionGo and get new customers.

Everyone is getting ready. Don’t miss the boat!

The second round of HK$5000 e-vouchers will be distributed in this Summer – so time is running out! Whether you are an owner of a retail shop, food & beverage outlet or online shop, now is the time to get ahead of the game. Gear up for the new round of e-voucher scheme in 2022 and future-proof your business – let HSBC help you get equipped with the most popular digital wallets in town.

Sounds good? So act now – don’t miss the boat! Click here to find out how to install HSBC Business Collect. 

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