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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

Octopus remains the only cash-free mode of public transit payment and has since come to dominate other markets in Hong Kong, with about 80,000 Octopus card readers across the island.

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.


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