Please enable JavaScript.
Coggle requires JavaScript to display documents.
Does Hong Kong’s Octopus card have too many tentacles (main idea (Past…
Does Hong Kong’s Octopus card have too many tentacles
main idea
Past
mainly used for public transportation
In before, octopus card done so well in electronic payments
Profit (2016)
revenues HK$956 ($122M)
Now
Hong Kong lags behind mainland China
Mainland China travellers who demanding ways to spend their e-cash when travel to Hong Kong
China mobile payment app
Alipay
WeChat
someone claim that it is not Govt's job
Octopus Card
Good
Fast and reliable
Bad
cumbersome for moving money
Background
Common payment method in Hong Kong
credit cards
Secure; But processing fees: High
Bank card
Factor
China
Avoid fake banknote & "illegal" money
save the time and $ from transport $ from one place to other place
Hong Kong
highly concern about the security
mobile app easy too easy to install, lack in reputation for being less secure