Octopus Cards Limited is a wholly-owned subsidiary of Octopus Holdings Limited. Established in 1994 by the major transportation companies in Hong Kong, Octopus Cards Limited is the operator of the Octopus System and the issuer of Octopus.
Octopus was introduced in 1997 with the aim of providing
a simple way to pay fares on public transport in
Hong Kong. Octopus then extended its reach into
simple
micropayments for purchases in retail outlets and
a simple way for cardholders to gain access to buildings
and schools and to identify themselves. Today, over
2,000 service providers accept Octopus, and new
uses
are regularly being added.
In the past few years, Octopus has gone from strength to strength with its superior operations and continuous innovations, earning a global reputation and setting an exemplary model for overseas counterparts. It is now the world's leading and most extensive contactless smartcard system, with the highest penetration, the highest transaction volume and the widest scope of applications.
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