The Octopus Card has made its approach into all sides of on a regular basis monetary transactions in Hong Kong. The unique RFID card debuted 20 years in the past to be used at the town’s underground transit device, however briefly unfold to different varieties of shipping in addition to eating places, clothiers, jewelers and a lot more. All consumers needed to do was once upload price to the cardboard, both with money or via a ordinary financial institution or credit score stability switch.
This week, Octopus dipped its suction cups into NFC-based applied sciences via partnering with Samsung Pay to debut the brand new Good Octopus digital card, to be had at the Galaxy S8, Galaxy S8+ and Galaxy Be aware eight. It lets in customers to switch their bodily Octopus card and any hyperlinks with loyalty systems and investment resources it has and switch all of that, as appropriate, onto Samsung Pay. With this, shoppers can instantly get notification on acquire receipts — one thing that was once simplest available by means of internet browser or at positive terminals.
Customers too can use a card of their Samsung Pay pockets to fund the Good Octopus card, regardless that there’s a 2.five p.c rate put onto each and every price addition.
It seems that present contactless fee techniques, like even SuiCa in Japan, can combine slightly effectively. Will or not it’s simplest time sooner than one subsumes the opposite? We’ll know sooner or later.