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May 29, 2018
On the web
A Payments Battle Is Brewing In Hong Kong
Bloomberg
“Alipay’s azure blue logos began appearing two years ago in Hong Kong’s airport, greeting travelers from China who rely on the popular payments app back home. In recent months, taxis got them. Now stores and boutiques have them. They’re all signs of a battle brewing in Hong Kong that will test whether a Western-style financial system — based on banks, credit and debit cards — can fend off a pair of apps that have come to dominate how people spend and send money throughout China. If Ant Financial’s Alipay and Tencent Holdings Ltd.’s WeChat Pay can expand into the city and win new customers there, why not in Europe and the U.S., too?”
March 30, 2018
On the wires
Octopus App for Business Now Enables All Octopus Users to Pay on Merchant Mobile Devices
“Octopus Cards Limited today launched a new feature to enhance the Octopus App for Business, allowing merchants to accept Octopus card payment through their NFC mobile devices. Users of all Octopus cards and products (including Smart Octopus in Samsung Pay) can simply tap on the merchants’ NFC mobile devices – which can now serve as Octopus readers for easy payments. In collaboration with the Coalition of Hong Kong Newspaper and Magazine Merchants, the new feature will be introduced in the coming months to around 400 newspaper stalls in Hong Kong, commencing in Mong Kok. Existing Octopus App for Business merchants, as well as other businesses and trades in the city can also make use of this new feature for broader consumer coverage.”
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