Octopus' arms reach out to teens

More young users can enjoy more convenient transactions in both brick-and-mortar stores and online platforms as individuals aged 13 are able to apply for Wallet Plus on the Octopus app.

Existing Octopus Wallet Lite users aged 13 or above will be automatically upgraded to Wallet Plus upon completing a quick and easy identity verification. With the upgrade, young users can activate the prepaid Mastercard and UnionPay QR with just a few taps and can top-up their Octopus Wallet and Octopus Card through the Faster Payment System, and transfer money to friends' physical Octopus cards.

The e-wallet also facilitates easy record tracking and expense management, fostering healthy savings habits.

OCL's Sales & Marketing Director, Rita Li, said the updates were announced to further cater to the spending habits of the younger demographics.

"This will provide students with a more convenient experience for P2P payments and online shopping, so they can effectively manage their daily expenses and enjoy easier everyday life.''