Digital wallet means buying a car is only a few taps away
(June 18): Cash has become an endangered species in China, where everything from a luxury purchase to a kindly donation may be transacted via mobile payment.
But in Hong Kong, where consumers have enjoyed cashless payment since the early 1990s – courtesy of the Octopus card – the take-up of e-wallets is significantly lower.
Based on its consumer insights, global measurement and data analytics company Nielsen believes there are three key reasons why.
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