Thursday, July 24, 2014   

Octopus joins Alipay to launch online payment service
(02-18 15:31)

Octopus is working with Alipay and Taobao of e-commerce platform Alibaba to launch online payment services. The daily payment cap is set at HK$1,000, with service charge at 1.5 percent. Alipay will decide the exchange rate of the transactions.
Users must have devices equipped with NFC, or near field communication feature, to use this service. And they will have to register with their Octopus account on the mobile application, too. When users shop on Taobao, a mainland e-commerce website, they can scan the related QR Code with the app to make payment by Octopus.
Octopus said it will not collect any personal data from the users.
   
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