The Hong Kong dollar is very likely to go digital. Major deposit-taking institutions, as well as payment firms like Visa Inc., Mastercard Inc. and Ant Group Co.’s Alipay, have all run pilots around e-HKD, a paperless version of the city’s currency. Everyone is optimistic.

But the e-HKD pilot — or at least its first phase, whose results were reported by the Hong Kong Monetary Authority this week — didn’t cover that one utility everyone is waiting for: cashless payments for taxi rides. For visitors, it can be a little bewildering that most cabbies in this bustling, modern financial center only accept physical currency. For residents, it’s a constant pain point.

QOSHE - If Only Digital Cash Worked In Hong Kong Taxis - Andy Mukherjee
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If Only Digital Cash Worked In Hong Kong Taxis

4 140
03.11.2023

The Hong Kong dollar is very likely to go digital. Major deposit-taking institutions, as well as payment firms like Visa Inc., Mastercard Inc. and Ant Group Co.’s Alipay,........

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