Under the HKMA e-HKD pilot programme, Hang Seng Bank and CUHK collaborated to conduct a real-life simulation focusing on Hang Seng’s hypothetical e-HKD use cases. Hang Seng Bank developed a hypothetical e-HKD wallet, allowing participants to immerse in the retail payment journey using private tokens backed by hypothetical e-HKD.

On 31 August 2023 (Thursday), the event took place at InnoPort, serving as the venue for this engaging experience. The event commenced with a sharing and tutorial session led by Hang Seng Bank, providing valuable insights into the features and functionalities of the e-HKD system. This was followed by a trial session held at inno330, where participants actively utilized e-coupon/e-HKD tokens for their payments under the guidance of Hang Seng Bank.

Over 30 enthusiastic participants eagerly joined the event, including CUHK undergraduate and postgraduate students, as well as staff. Their feedback following the trials further contributed to the reflection and evaluation of the HKMA e-HKD pilot study.

In summary, the collaboration between Hang Seng Bank and CUHK in conducting this real-life simulation provided participants with hands-on experience and insights into the potential applications of e-HKD. The valuable feedback received from the participants will contribute to the ongoing development and improvement of the HKMA e-HKD initiative.

Further reading: Sing Tao Headline | Hong Kong Economic Times

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