Press Release

Octopus 25+: The Next First Step Celebration Party
Commanding an Extraordinary Odyssey, Embracing Hong Kong's Innovation Trail

(Hong Kong, 20 November, 2023) Octopus Holdings Limited (Octopus) hosted this evening the Octopus 25+: The Next First Step anniversary celebration event, welcoming guests and partners from both public and private sectors at the M+ Museum, West Kowloon Cultural District.

At the event, Octopus looked back at its past achievements and outlined its vision alongside demonstration on new products and solutions that will advance financial technology in Hong Kong.

The celebration was attended by The Hon. Mr. Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, and more than 500 distinguished guests from the Government, business community, as well as members of the Board of Directors, Chairman, and Chief Executive Officer of Octopus.

Ms. Jeny Yeung, Chairperson of the Board of Octopus Holdings Limited and Managing Director of Hong Kong Transport Services of MTR Corporation Limited, delivered a welcoming speech. She highlighted that throughout almost 26 years of dedicated development, Octopus has evolved from a physical card into the most widely used electronic payment platform by Hong Kong citizens, becoming an indispensable part of their daily lives. She extended appreciation to merchants and partners for their unfailing trust and support that helped Octopus maintain its leadership position in the payment market.

Dr. Rex Auyeung, GBS, JP, Chairman of the Board of MTR Corporation Limited, expressed during his speech at the ceremony that as a shareholder of Octopus and a business partner, MTR has maintained a close and seamless collaboration with Octopus. Beyond providing public transportation services, this partnership extends to various aspects of citizens' daily lives. MTR will continue to support the development of Octopus on the back of the mega trends in digitalised living, e-commerce, and digital payments.

Mr. Tim Ying, Chief Executive Officer of Octopus Holdings Limited, introduced the future development direction of Octopus during the ceremony. He mentioned that Octopus will expand the availability of Mobile Octopus to more smartphone brands and platforms, further popularising the application of Mobile Octopus and mobile payments while continuously enhancing the customer experience. In addition, Octopus has developed a new generation of Octopus readers, enabling customers to enjoy personalised payment experiences and fostering stronger connections. Octopus will also continue to advance cross-border payment solutions, enabling visitors to pay seamlessly in Hong Kong, and Hong Kong residents to use Octopus for transactions in the Mainland and Asian cities.

To conclude the event, Ms. Jeny Yeung, Chairperson of the Board of Octopus Holdings Limited and Managing Director of Hong Kong Transport Services of MTR Corporation Limited, together with The Hon. Mr. Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, Dr. Rex Auyeung, GBS, JP, Chairman of the Board of MTR Corporation Limited, and Mr. Tim Ying, CEO of Octopus Holdings Limited, presided over the inauguration ceremony. Along with the board members and other guests, they raised a toast to congratulate Octopus on embarking on a new chapter, continuing to innovate, and achieving new milestones.

 

Photo 1: Ms. Jeny Yeung, Chairperson of the Board of Octopus Holdings Limited and Managing Director of Hong Kong Transport Services of MTR Corporation Limited, delivered a welcoming speech.

Photo 2: Dr. Rex Auyeung, GBS, JP, Chairman of the Board of MTR Corporation Limited, expressed during his speech at the ceremony that as a shareholder of Octopus and a business partner, MTR has maintained a close and seamless collaboration with Octopus.

Photo 3, 4, 5: Mr. Tim Ying, Chief Executive Officer of Octopus Holdings Limited, introduced the future development direction of Octopus during the ceremony.

Photo 6, 7: Ms. Jeny Yeung, Chairperson of the Board of Octopus Holdings Limited and Managing Director of Hong Kong Transport Services of MTR Corporation Limited, together with The Hon. Mr. Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury, Dr. Rex Auyeung, GBS, JP, Chairman of the Board of MTR Corporation Limited, and Mr. Tim Ying, CEO of Octopus Holdings Limited, presided over the inauguration ceremony. Along with the board members and other guests, they raised a toast to congratulate Octopus on embarking on a new chapter, continuing to innovate, and achieving new milestones.

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