potential of e-commerce worldwide market number of internet users mid-1999170 million now378 million...
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Potential of E-commerce
Worldwide Market
Number of Internet users
mid-1999 170 million
now 378 million
Value of e-Commerce revenue
2000 US$657 billion
2002 US$2.2 trillion
2004 US$6.8 trillion
Potential of E-commerce
HK Market
H.K.
Number of Internet users
mid-1998 0.6 million
mid-1999 1.1 million
now over 2 million
Value of e-Commerce revenue
2000 US$1.9 billion
2002 US$12.2 billion
2004 US$69.6 billion
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Government’s Role in the New Economy
“… IT is not a panacea that allows government to avoid doing all the hard stuff, such as opening up markets to foreign trade and investments, liberalising telecommunications, protecting intellectual property rights, improving education, and ensuring an effective legal system and efficient financial market. Indeed, IT makes it even more important for governments to do all these basic things, because it increases the rewards for doing so ...”
The New Economy SurveyThe Economists
23 September 2000
• To create a favourable environment for e-commerce to flourish in Hong Kong• To take the lead by exampl
e in the adoption of e-commerce• To develop Hong Kong int
o an e-commerce hub in the Asia-Pacific Region
Government E-commerce Policy
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Electronic Payment Infrastructure
PC or Internet
appliances
ESDOperator
AcquiringFinancial Institution
Internet
Kiosk
Electronic Fund Transfer
Network
IssuingFinancialInstitution
Electronic Payment Gateway
User Bank/Card
Account
Merchant/Government Bank Account
Transfer of Fund
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Electronic Payment Methods of ESDWide variety of electronic payment methods
Credit Card
Debit Card
Visa Cash
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Innovative Service DeliveryESD aims to deliver public services in an innovative manner
• Customer-oriented
• Convenient channels for service delivery
• Availability of service anytime
• Wide variety of payment methods
• Ease of use
• Safety and Security23
•To include other Government services which are amenable to the electronic mode of delivery
•To allow private sector to make use of the ESD information infrastructure for the delivery of commercial services
Further Development of ESD
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• Consultancy services for adoption of e-commerce
• Information systems security audit services
• Web trust services
Services to be Provided by theAccounting Profession
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