Majority use credit cards for low-value transactions
Credit card usage is widespread in Hong Kong and not confined to high-ticket purchases; 55 per cent of cardholders used them for transactions of HK$200 or less, a survey commissioned by American Express. The survey, for which 512 credit card holders were interviewed, found 90 per cent were willing to use a credit card payment service that does not require their signature, but 84 per cent had not used such a service. A number of credit card companies allow users making purchases of less than HK$500 to pay without signing a credit card voucher, swiping their card through a reader or inputting their password.
Punished for false ICAC report
An unemployed woman was ordered to perform 120 hours' community service and pay HK$10,000 costs after being charged by the ICAC for making a false report and misleading the ICAC. Eastern Court heard that Mak Kwok-yee, 27, told an ICAC officer she had been intercepted by three men in Sheung Wan in October and a man claiming to be an ICAC officer and had taken HK$239,000 in cash from her. Mak pleaded guilty to the charges.