Electronic payments are becoming more and more popular in Hong Kong, and even used in traditional wet markets, as most consumers find it convenient. After 20 years, Octopus no longer has a monopoly, with rivals like Alipay and ApplePay competing for a share of the pie.
While technology certainly improves our quality of life, traditional money is still important in some areas.
For example, can an electronic red packet really convey the same warmth and feeling as a real lai see (or red packets) full of new bank notes? Is giving new notes still a must for lai see?
Regardless of what you think of these questions, change is already underway in China. United Overseas Bank has found that four out of five people in mainland China gave digital lai see this year. Traditional Lunar New Year values have been replaced by new practices in the digital age.
For me, and many of my generation, the Lunar New Year is a must for fireworks, great food, parent and family visits, New Years greetings, and lai see gifts. Celebrating as a family should be a high priority for a family reunion, but young people are beginning to see it differently, and the use of electronic bleach is another example of their indifferent attitude towards the Spring Festival and traditional values in general.
Electronic payments are becoming more and more popular in Hong Kong, and even
used
in traditional wet markets, as most consumers find it convenient. After 20 years,
Octopus no longer has a monopoly, with rivals like Alipay and
ApplePay
competing for a share of the pie.
While technology
certainly
improves
our quality of life, traditional money is
still
important
in
some
areas.
For example
, can an electronic red packet
really
convey the same warmth and feeling as a real
lai
see
(or red packets) full of
new
bank notes? Is giving
new
notes
still
a
must
for
lai
see
?
Regardless of what you
think
of these questions,
change
is already underway in China. United Overseas Bank has found that four out of five
people
in mainland China gave digital
lai
see
this year. Traditional Lunar
New
Year values have
been replaced
by new practices in the digital age.
For me, and
many
of my generation, the Lunar
New
Year is a
must
for fireworks, great food,
parent and family visits,
New Years greetings
,
and
lai
see
gifts. Celebrating as a family should be a high priority for a family reunion,
but
young
people
are beginning to
see
it
differently
,
and the
use
of electronic bleach is another example of their indifferent attitude towards the Spring Festival and traditional values
in general
.