Consumption Voucher Scheme Applicants to Receive $5k Voucher in April

Consumption Voucher Scheme Applicants to Receive $5k Voucher in April

All those who registered for the Consumption Voucher Scheme in April last year will receive their first $5,000 voucher come April.

The voucher will be distributed to the 6.3 million people who registered last year. This will be sent to their registered stored value facility accounts.

 

First Batch of Of Vouchers to Relieve Economic Burden

The Government said this first batch of $5k vouchers for the Consumption Voucher Scheme is meant to help relieve some of the economic burden faced by the people. The first round is part of the total $10,000 instalment for eligible applicants.

Because of the fifth wave of the Covid-19 epidemic, many business operators were struggling. The exact date for the distribution will be announced as soon as possible.

The aim is to roll out the distribution of the voucher with as few setbacks as possible. The system must work properly, so the Government must do sufficient testing on the system.

Those who collected the vouchers in the last round through WeChat Pay HK, Tap & Go, and Alipay HK will receive their voucher in the same account. The voucher will be released by April and expires by 31 October.

Those collecting the vouchers through Octopus will receive them in two instalments. The first instalment will be to the sum of $4,000 and disbursed at the same time as the other e-wallets.

Once they have received the vouchers, the second voucher of $1,000 will be distributed by the 16th day. This will be once they have reached the target of $4,000 spending between May and October.

The remainder of the $5,000 vouchers will be handed out to eligible applicants by mid-year. To avoid the stored value facility account becoming invalid, Octopus card users should update their registration records between March 7 and 25. This will ensure a smooth collection of the first phase of $5k vouchers.

Octopus cardholders can update their registration records online. Updated application forms should be sent to the Consumption Voucher Scheme Secretariat, along with a copy of the applicant’s Hong Kong identity card. If you are a JoyYou card user, you may call the Octopus hotline to update your records.

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