Coronavirus roller coaster: Octopus card usage drops for fast food, transport, but booms at Hong Kong’s grocery stores

Spending on transport and fast food among Hong Kong’s Octopus card users has dropped sharply during the coronavirus epidemic, but panic buying of rice, toilet rolls and surgical masks has cushioned the shortfall, the city’s top e-payment provider told the Post.Octopus Cards, which issues the namesake plastic card and has an 80 per cent share of the city’s stored-value facility market, recorded a drop of more than 40 per cent year-on-year in public transport transactions in February as hundreds…

from South China Morning Post https://ift.tt/332abdv
Denise Tsang Spending on transport and fast food among Hong Kong’s Octopus card users has dropped sharply during the coronavirus epidemic, but panic buying of rice, toilet rolls and surgical masks has cushioned the shortfall, the city’s top e-payment provider told the Post.Octopus Cards, which issues the namesake plastic card and has an 80 per cent share of the city’s stored-value facility market, recorded a drop of more than 40 per cent year-on-year in public transport transactions in February as hundreds… https://ift.tt/eA8V8J March 09, 2020 at 02:00AM