Mobile payments are making their way to taxis in Hong Kong, giving rise to hopes that the city is finally making a journey toward becoming a cashless society.
Mastercard and HKTaxi, a local taxi-hailing app, teamed up recently to roll out mobile payment services to taxi passengers in Hong Kong.
Passengers are saved from the headache of not having enough cash, and drivers don’t have to worry about having enough change or fret about carrying a large amount of cash.
MasterCard has offered e-coupons to lure more Hong Kong users. Given that the company is one of the world’s largest payment processors, Hongkongers should be confident that it has sound security systems in place.
Users can book a taxi from the app, and the whole process does not involve any cash payment. It would offer a completely new experience for Hong Kong passengers.
Media reports tend to compare technology development in different countries and cities. For example, they examine if e-payment system in one country is more convenient or has wide applications.
When I’m on business trips overseas, I too try to observe the ways of payment for transport in the cities. Taxi is often the first preoccupation for many tourists.
As long as more Hong Kong taxi drivers accept credit cards or e-payment, we can say we are moving closer to a cashless society.
The full article appeared in the Hong Kong Economic Journal on March 20
Translation by Julie Zhu
[Chinese version 中文版]
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