Average daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. ChengAverage daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. Cheng
Average daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. Cheng

Hong Kong’s days of ‘cash is king’ may be in peril as fears of Covid-19 infection boost digital payments

  • The outbreak has made people worry about touching cash, which has accelerated a shift towards digital payments, according to transaction data and Visa’s local boss
  • BOC Life found online sales of insurance products up 60 per cent in the first half, while HKMA digital payments also shot up 60 per cent, between December and the end of March

Topic |   Mobile payments
Average daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. ChengAverage daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. Cheng
Average daily FPS turnover reached 267,000 transactions in March, a 60 per cent increase from December. Photo: K. Y. Cheng
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