Hong Kong 25 October 2018 - The Hong Kong business community gathered at the Hong Kong Club for an afternoon of lively debate, fine food and networking, at the increasingly popular SBG Annual Economic Debate on Thursday 25 October. Following an opening address from Andrew Seaton, Executive Director of the British Chamber in Hong Kong, Cashmaster Chairman Malcolm Offord extended a warm welcome to all guests which included representatives from customers of Cashmaster.
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Cashmaster are proud to be title sponsors, once again, of this year’s Economic Debate, hosted by the British Chamber of Commerce in Hong Kong.
Gordon McKie, CEO of Cashmaster, shares his thoughts on the key factors to become successful in Asia and the potential for growth in the region: "Taiwan is proving to be fertile ground for our products and we are exploring other areas such as Singapore, Vietnam, Thailand, and Malaysia; these efforts are generating interest. To meet anticipated demand in the region, we seek to appoint local partners to assist us in identifying new customers and achieving further growth."
Taiwan's government has cashless ambitions. One target the government has set to facilitate the move to a cashless society is for 90% of smartphone users to be using mobile payments by 2025. However, consumers and businesses in Taiwan have proven resistant to mobile payment forms, instead preferring to rely on more traditional payment methods.
The Canadian Convenience Store Association (CCSA) reports that despite the wide range of payment options available to consumers in Canada, cash is still one of the most popular methods for everyday usage in retail. For low value transactions, cash is still the preferred method of payment for 51% of Canadians.