Octopus: The Growing E-payment System in Hong Kong

@article{Poon2001OctopusTG,
  title={Octopus: The Growing E-payment System in Hong Kong},
  author={Simpson Poon and Patrick Y. K. Chau},
  journal={Electron. Mark.},
  year={2001},
  volume={11},
  pages={97-106}
}
  • S. Poon, P. Chau
  • Published 1 February 2001
  • Economics, Computer Science
  • Electron. Mark.
Although debit/cash cards based on smart card technology promised to bring forth the end of loose change, very few managed to gain critical mass or come close to totally eliminating coins including those supported by major credit card operators (e.g., Visa Cash and Mondex). In this paper, we discuss a specific system – Octopus – which not only gained momentum among the passenger transportation industry in Hong Kong, but also expanded into other payment channels such as fast food outlets and… 
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