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.”
- Meet NFC World partners at Seamless Middle East
- Goode reports on growth of biometric authentication
- 3.4bn phones will support Apple Pay, Android Pay and Samsung Pay by year end
- Apple to launch P2P payments and debit card this year?
- Guide introduces how Android Pay works