Corporate News

On 17 October, Octopus Cards Limited (OCL) has rolled out the final phase of the First Generation On-Loan Octopus replacement. From then onwards, the First Generation On-Loan Octopus will gradually go invalid three months after the notification sound “dood-dood-dood” goes into effect. Holders of such Octopus are encouraged to replace their cards to ensure a smooth usage. Users can check whether their cards require replacement at the Octopus website.

Octopus App for Business aims to provide merchants an easy, cost efficient and secure mobile payment acceptance alternative via QR code. From now on, Android and iOS users are able to download the app for free via Google Play Store or App Store. This initiative represents OCL’s commitment to cater for merchants of all sizes with innovative and cost-effective measures, and to overcome the technical challenges with least resources.

As an effort to promote cashless payment, from now until end March 2018, eligible merchants who download and apply for a Business O! ePay account to start receiving QR code payment, would be entitled to a 12-month free administrative fee period. Visit here for more details.

OCL and Samsung jointly launched the long awaited Smart Octopus in Samsung Pay on 11 December, bringing an all-in-one mobile payment wallet to market. The unrivalled convenience will spur progress for Hong Kong towards a cashless smart city. This partnership represented a significant milestone for Octopus as well as in the payment industry in Hong Kong. Combining NFC offline payment with smartphone, offering users in Hong Kong a speedy, convenient, secure and hassle-free payment option with wide acceptance.

Available in the market from 14 December onwards, the Smart Octopus in Samsung Pay will become an alternative for users to enjoy their everyday life spending with just one smartphone device – covering more than 21,000 retail touch points, as well as for transport and access controls. Hassle-free and secure as it goes, Smart Octopus in Samsung Pay will firstly be available on three of the Samsung smartphone devices, namely Samsung Galaxy Note8, S8 and S8+. To add an extra peace of mind to users, Smart Octopus allows users to add value on demand with the registered credit cards inside Samsung Pay anytime, anywhere. Or, as usual and always, they can use the Automatic Add Value Service for Smart Octopus, as well as top it up at other value adding spots such as convenience stores. The usage of Smart Octopus is the same as an ordinary Octopus, or even more. Try it out today! Find out more from our website.

Our CEO Mr Sunny Cheung was invited to share his management philosophy at the Management as Liberal Art Symposium organised by Peter F Drucker Academy and Centennial College on 21 September, with a full-house of audience. At this industry exchange platform, Mr Cheung shared his leadership motto in staying along with the social change.

As a responsible corporate citizen, we are obligated to support anti-money laundering activities to protect our stakeholders’ interests in collaboration with the public and private sectors. OCL was invited to speak at JFIU Narcotics Bureau’s Annual Financial Investigation Course (International Class) on 10 October, to share an introductory overview of financial investigation with 50 attendees from local and international regulatory and law enforcement agencies.

On 25 October, OCL participated in the second Hong Kong Monetary Authority FinTech Day at the Hong Kong Convention and Exhibition Centre, showcasing Octopus App and Octopus QR Code payment capabilities to the participants in the event. Our Technical Director Mr Sammy Kam was a panel speaker at the event’s industry exchange forum themed “Future Payment Technology”.

OCL is proud to be one of the indigenous companies to be featured at the “Branding – To Hong Kong Proud” exhibition project earlier this year in Beijing, co-organised by the Chinese Manufacturers’ Association of Hong Kong and Hong Kong Brand Development Council. The electronic version of the booklet was launched on 7 November. Click here to view the book.

The Department of Computing from the Hong Kong Polytechnic University conducts a series of FinTech Seminars for their students, equipping these future industry leaders with the latest developments, applications and regulations in the FinTech world. On 23 November, our Technical Director, Mr Sammy Kam was invited as the speaker for one of the seminars, sharing his experiences and insights with the students.