Faster Payment System Linking Octopus O! ePay with Banking System to
Make Fund Transfers, Octopus Top-up & P2P Payments INSTANT

(Hong Kong, 17 September 2018) Octopus Cards Limited (OCL) is gearing up to provide Octopus O! ePay customers with much faster and easier payment and fund transfer services, through leveraging the launch of the Faster Payment System (FPS) by the Hong Kong Monetary Authority.

With FPS, O! ePay customers can instantly transfer money to and from their bank accounts with O! ePay, thereby enabling them to top up their Octopus* anytime anywhere, making P2P payments to friends and shopping online much faster and easier than ever!

O! ePay Plus and Pro customers can enjoy more advanced services such as eDDA set-up through the Octopus App, to link their bank accounts with O! ePay to enjoy instant and one-stop top-up service through the Octopus App. Plus, they can register the mobile numbers of their O! ePay accounts in the FPS addressing service, to make it easier for their friends using other e-wallets or banking apps to make payments via their mobile number, thus enlarging the P2P payment circle.  What’s more, O! ePay business account users can also transfer money to their bank accounts instantly anytime.

To get the most out of the new FPS service features, O! ePay Lite customers are encouraged to upgrade their accounts to O! ePay Plus or Pro before the services roll out on 30 September.
 

* Applicable to Android NFC mobile device users or iOS mobile device users with an Octopus Mobile Reader only.
 

 

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