Octopus expands merchant acceptance via NFC-enabled mPOS app
Octopus Cards Limited has launched a new feature to enhance the Octopus App for Business, enabling merchants to accept Octopus card payment through their NFC mobile devices, according to a press release.
Users of all Octopus cards and products (including Smart Octopus in Samsung Pay) can simply tap on the merchants' NFC mobile devices, which can now serve as Octopus readers for payments.
In collaboration with the Coalition of Hong Kong Newspaper and Magazine Merchants, the new feature will be introduced in the coming months to around 400 newspaper stalls in Hong Kong, commencing in Mong Kok. Existing Octopus App for Business merchants, as well as other businesses and trades in the city, can also make use of the new feature for broader consumer coverage, according to the release.
"We are always looking to providing inclusive, secure, easy-to-use and customer-centric payment solutions with choices, benefiting different businesses and all walks of life," Sunny Cheung, CEO of Octopus Cards Limited, said in the release. "The new Octopus card acceptance feature in the Octopus App for Business will make payment handling much quicker, easier and more economical than before for these merchants, helping them to gain more business opportunities as well. We hope this new feature will create more value for cash-oriented merchants like the newspaper stalls."