Octopus App: Expanding Horizons from Hong Kong to Mainland China, Thailand, and South Korea
Octopus Holdings' Expansion Strategy
Octopus Holdings is making waves as it eyes overseas markets. The Octopus app is now facilitating payments in Thailand and South Korea, marking a significant milestone in its international outreach. The latest data reveals that around 50,000 new Octopus cards, which allow Hongkongers to pay for public transport, have been sold in more than 336 cities across Mainland China.
Diverse Payment Options
Jenny Yeung Mei-chun, chairwoman of Octopus Holdings, stated that the card, which costs HK$68, is primarily used in cities like Shenzhen and Guangzhou. The Octopus – China T-Union Card connects users to various transport services with convenience. The card's dual-currency feature enables easy transactions in both Hong Kong dollars and yuan.
- Active collaborations with payment platforms abroad
- Significant growth in Thai merchant transactions
- Upcoming card reader technology for enhanced merchant promotions
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.