HK’s Octopus urges card users to switch to mobile app in digitalisation push

Hong Kong's Octopus card, a contactless stored-value smart card, can be used to pay for virtually everything, from train rides to utility bills. - ST

HONG KONG: Hong Kong’s ubiquitous Octopus payment system is encouraging users to switch from carrying only physical cards to having virtual wallets on their smartphones.

The company’s digitalisation push comes as it seeks to maintain its dominance amid intensifying competition in the city’s payment systems market.