Date
24 September 2017

Octopus sees HK$100 average payment on Taobao.com

Octopus Cards Ltd. has seen its online payment service grow to an average of HK$100 (US$16.28) per transaction since its partnership with Alibaba Group unit Taobao.com started on Feb. 18, Sammy Kam, the Hong Kong-based company’s technical director, told a media briefing Tuesday. The firm will continue to look for other partnerships on online payment services and will make further announcements this year, chief executive Sunny Cheung said. Octopus is also working on a person-to-person electronic payment system, he said.

– Contact HKEJ at [email protected]

AM/JP/CG

 

 

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