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Octopus stored value ceiling increased to 3,000 yuan

2019-11-29T10:05:13.242Z


As electronic payment methods become more widely accepted, Octopus Limited announced that all Octopus stored value limits will increase to HK $ 3,000 starting December 1. At the same time, customers can spend up to HK $ 3,000 on spending at designated retailers. A visiting professor at the Chinese University of Marketing's Department of Marketing, Mr. Wu Riming, analyzed that Octopus has several benefits in increasing the stored value limit, including increasing the company's liquidity and increasing the competitiveness and share of Octopus in the electronic payment market. He went on to point out that Octopus companies can also use their personal Octopus consumption habits to analyze their preferences and give feedback to enhance value.


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Written by: Chen Jingqi

2019-11-29 17:52

Last updated: 2019-11-29 18:02

As electronic payment methods become more widely accepted, Octopus Limited announced that all Octopus stored value limits will increase to HK $ 3,000 starting December 1. At the same time, customers can spend up to HK $ 3,000 on spending at designated retailers.

A visiting professor at the Chinese University of Marketing's Department of Marketing, Mr. Wu Riming, analyzed that Octopus has several benefits in increasing the stored value limit, including increasing the company's liquidity and increasing the competitiveness and share of Octopus in the electronic payment market. He went on to point out that Octopus companies can also use their personal Octopus consumption habits to analyze their preferences and give feedback to enhance value.

Octopus announced that from December 1, all Octopus stored value limits will be increased to HK $ 3,000. (Profile picture)

The Octopus company said that starting from next month, all new Octopus products, including leased version of Octopus, sales version of Octopus, bank-linked Octopus, Smart Octopus and Octopus mobile phone card, have a stored value limit of HK $ 3,000.

Customers holding Smart Octopus issued before October 1, 2019 and Octopus products issued before December 1, 2019 need to use the Octopus App (only applicable to NFC-enabled Android mobile devices, and the number is 9 Digit Octopus) or any Octopus service station, the stored value limit of Octopus products can be increased from HK $ 1,000 to 3,000.

In addition, starting next month, customers can spend at more than 3,200 retail outlets under more than 30 Octopus merchants, and the amount of each transaction can be increased to HK $ 3,000.

For the Octopus company to increase the stored value limit, the visiting professor of the Department of Marketing of CUHK accepted the "Hong Kong 01" interview. Currently, there are many electronic payment methods. Octopus companies face many competitors, including Payme, Alipay, etc. The Octopus is a Debit Card, which requires a deposit to be used. It has not been able to pay large transactions in the past. Therefore, the current limit is increased to HK $ 3,000, which will not only increase its market competitiveness and market share, but also increase the liquidity of Octopus companies. Earn additional interest.

The following day continued, when the limit was raised to 3,000 yuan, I believe that customers using the leased version of the Octopus will also consider switching to the personal version of the Octopus to facilitate replacement if lost. The Octopus company can also analyze the customer's consumption data to learn its consumption habits and provide feedback over a period of time to enhance value.

Check the information, AliPay's current daily value-added limit. If the account is not authenticated, it only provides Taobao account and telephone is HK $ 3,000. After the account is authenticated, the occupation, source of assets, and proof of address and the second ID card are provided. HKD 5000. As for Payme, you can add up to HK $ 2,000 per month via credit card.

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Source: hk1

All news articles on 2019-11-29

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