Established in 2005, Octopus Holdings Limited is owned by the major transport operators in Hong Kong and is also holding company of Octopus Cards Limited, operator of one of the world's leading contactless smart card payment systems.
The holding company was incorporated after a restructuring aimed at spinning off Octopus' non-payment businesses into separate subsidiaries. These units operate independently, separate from the Octopus payment business which is regulated by the Hong Kong Monetary Authority. This facilitates future business development and operational efficiency.
There are five subsidiaries within the Octopus corporate structure:
Octopus Cards Limited
Operating one of the world's leading contactless smart card payment systems.
Octopus International Projects Limited
Providing automatic fare collection solutions internationally.
Octopus Rewards Limited
Running the customer loyalty platform, Octopus Rewards.
Octopus Investments Limited
Acting as an investment holding company.
Octopus China Investments Limited
Handling investments in China-related projects.
The Octopus system was launched in 1997, and has since become one of the world's most widely used contactless smart card payment systems. We strive for continuous technological innovation, launching new services in both the payment industry and other fields in Hong Kong. We also seeks to export our technical advantage and expertise to other parts of the world.