Government Offers up to HK$50,000 to Help SMEs with Digital Transformation - Free Consultation at Solution Day on 5 July

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Hong Kong's shift towards a digital economy is accelerating, and small and medium-sized enterprises (SMEs) need to adapt to thrive. The increasing popularity of e-payment technologies, fueled by government initiatives like consumption voucher schemes, has led to a surge in mobile payment adoption. Data from the Census and Statistics Department shows a jump from 49.4% to 60.2% in mobile payment usage among residents aged 15 or above between 2020 and 2022. This trend is especially significant for the F&B and retail sectors, where customer interactions are frequent. By embracing e-payment solutions and adapting to evolving consumer habits, SMEs can offer more convenient, secure, and efficient payment options, ultimately enhancing the customer experience.

Many SMEs have limited resources and feel overwhelmed when it comes to procuring suitable digital solutions. Recognizing the challenges faced by SMEs in navigating digital transformation, the HKSAR Government has launched the "Digital Transformation Support Pilot Programme" (DTSPP). Administered by Cyberport, the program provides much-needed support through a HK$500 million funding pool. SMEs can receive a 1:1 matching grant, covering up to 50% of their digital solution project costs, with a maximum cap of HK$50,000, to help SMEs apply ready-to-use basic digital solutions and accelerate their digital upgrade.

The application process of DTSPP is simple and user-friendly. SMEs can select suitable solutions, direct approach solution providers, and submit application forms and necessary business documents online, without the need for physical visits to Cyberport. Funding will be approved within 2 months and applicants can conveniently track their application status online.

Seamless Application Process, Tailored Solutions
For F&B and retail industries, operational efficiency and consumer experience is of paramount importance. Under the "Digital Payment Solutions and Shopfront Sales"…