Oceanpayment has forged a strategic partnership with Octopus Cards Limited (Octopus), marking a significant milestone. This collaboration will enable Hong Kong citizens to shop online for a diverse range of goods and services, from F&B and groceries to electronics and travel products, with a stable and continuously managed network that offering secure and convenient payment capabilities. Merchants can extend and expand their market reach, driving growth through increased traffic and enhanced customer experience.
Source | Octopus
Established in 1997, Octopus is a brand that has earned the trust of the Hong Kong consumers. 98% of Hong Kong citizens aged 15 to 64 possess Octopus, which can be used for travelling, shopping or dining making everyday life easier.
With more than 20 million Octopus Cards and related products currently in circulation, generating in excess of 15 million transactions on a daily basis amounting to more than 300 million Hong Kong dollars, applicable across more than 180,000 acceptance points, Octopus extensive reach across Hong Kong aptly reflects its status as an one of the most popular payment in Hong Kong. 1
Transformed by the proliferation of digital payment globally, online transactions have become the norm and their permanence is undeniable. In collaboration with the Octopus, we will stimulate new opportunities for merchants, and foster the further development of Hong Kong’s e-commerce market. Leveraging Oceanpayment’s robust technological infrastructure, SaaS-based network ecosystem and in-depth experience with global payment solutions and services, we will support Octopus in strengthening its foothold in the digital payments landscape, propelling Octopus towards greater prominence in the realm of digital payments.
As the market economy advances and information technology continues to innovate, the collaboration between payment systems will grow increasingly interconnected. In this post-pandemic era, as digitisation continues to take center stage in the global market, Oceanpayment and Octopus will leverage their respective strengths to propel Hong Kong’s digital economy to new heights with professional, seamless, and user-friendly products and services. Our goal is to enhance the capabilities of our merchants, enabling them to offer a diverse range of products and services. By doing so, we aim to infuse the Hong Kong market with renewed vitality and breathe new life into its business ecosystem.
Reference:
1.Visit Octopus website for more details (https://www.octopus.com.hk)
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