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News in brief

Octopus to offer NFC payments

News in brief

Hong Kong’s Octopus stored value cards will be available on NFC phones by the end of 2013, chief executive Sunny Cheung Yiu-tong has told the South China Morning Post. The company will allow customers to pay for goods up to the value of HK$1,000 (US$129) with their mobile phone — “higher than the cap of HK$500 for NFC services at HSBC and Hang Seng, the only banks that have launched such services so far.”

Filed by Email Karl Dyer Published • Last updated 10 September 2013, 13:27

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