Tag "Octopus Card"

Ping An OneConnect Bank Records HK$2.1 Billion Loan Assets Growth in FY2023

Ping An OneConnect Bank (Hong Kong) Limited, a virtual bank focused on small and medium enterprises (SMEs) in Hong Kong, has published its financial outcomes for the fiscal year ending 31 December 2023.  The bank noted an increase in loan

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Octopus Cards Shifts Towards Digital Wallets on Smartphones

Octopus Cards Limited is facilitating a shift towards digital payments in Hong Kong, encouraging the transition from the traditional physical Octopus cards to a smartphone-based wallet. This strategic move is in response to the changing dynamics of the payment system

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Is Hong Kong Ready to Go Cashless?

Seeing the popularity of WeChat Pay and Alipay in China, it is easy for some to assume that these mobile payment apps are equally popular in Hong Kong. Unlike China, Hong Kong is still largely a very cash dominant society.

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