Tag "Octopus"

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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Octopus Integrates UnionPay, AlipayHK, and Alipay for Taxi QR Payments in Hong Kong

Octopus has announced the expansion of its QR payment services for taxis in Hong Kong. Starting from 25 January, approximately 21,000 taxi drivers in the region will be able to accept QR code payments from UnionPay, AlipayHK, and Alipay through

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E-Wallets Hong Kong: Who’s Leading, Opportunities, and Challenges

Since their inception in 2016,  e-wallets in Hong Kong which operate under Stored Value Facilities (SVFs) licensing have rapidly expanded, with the market now served by an intriguing mix of thirteen non-bank licensees, plus four traditional banks that also operate

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At Long Last, iPhone Users Will Soon be Able to Use Their Phones Instead of The Octopus Card

Octopus cards will soon be usable virtually via an iPhone, according to the city’s e-payments giant. With the iPhone’s Apple Pay, Octopus users would be able to use their phones to pay for travel, or other purchases, or even their

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Open Banking Hong Kong — How Open is Open?

Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to

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