More room for HK's Octopus to extend its tentacles
It should look to develop simpler payment solutions, better transaction security and fewer hardware requirements
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Hong Kong
WHEN news broke last month of Alibaba founder Jack Ma telling Hong Kong leader Carrie Lam that his company could help the city develop into a "more fashionable", cashless society, you could almost hear residents of the Fragrant Harbour let out a collective snigger.
Who needs Alibaba's mobile wallet and online payment platform Alipay when we have Hong Kong's very own Octopus, many scoffed.
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