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  • July 24, 2014
  • Last updated: 1:41am
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  1. Business - Companies - TECHNOLOGY

    Octopus to widen reach with phones

    Posted Mar 06th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com The company hopes to soon launch SIM cards to let smartphones be used as payment device Octopus to widen reach with phones This year, in addition to the many roles your smartphone can play, you may be able to add credit card and Octopus card. Octopus Cards said it hoped to launch within the next few months a SIM card (which identifies a subscriber ...

  2. Business - Companies - E-COMMERCE

    Octopus launches online payments for shopping on Taobao

    Posted Feb 19th 2014, 01:33am by Sophie Yu

    ... 1.4 million Taobao Marketplace users will soon be able to pay for purchases by Octopus card. Octopus is teaming up with Alipay, the mainland's leading third-party online payment solution, and e-commerce platform Taobao to launch online payment services in Hong Kong. To use the service, purchasers will need to have a near-field-communication-enabled (NFC) mobile device and an Octopus card ...

  3. Business - Companies - SMART CARDS

    Octopus takes mobile step to winning more customers

    Posted Sep 09th 2013, 12:00am by KANIS LI

    ... the chief executive of Octopus Group, sometimes leaves his Octopus card at home, using his mobile phone to make payments instead. Octopus Cards, which runs the city's earliest and dominant contactless smart card system, says competition from banks in payment technology is intense but it fights to maintain its pioneering advantage by providing a variety of ways to pay, such as Octopus ...

  4. Business - China Business - CREDIT

    Chinese regulators keep foreign credit card issuers on tight leash

    Posted Jul 14th 2014, 03:09am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com International credit card companies face obstacles on the mainland as regulators uphold restrictions on overseas firms Foreign card issuers on tight leash in China Creative branding will only take foreign credit card issuers on the mainland so far, experts said, so long as Beijing upholds strict controls on outside players in the domestic ...

  5. Business - Banking & Finance - PENSION FUNDS

    Hong Kong loses shine in MPF report card

    Posted Jul 05th 2014, 01:51am by Jasper Moiseiwitsch

    ... returns HK loses shine in MPF report card Funds in the Mandatory Provident Fund scheme returned an average of 2 per cent in the first half. However, while most fund types in the scheme registered ... year, Japanese equities were the biggest wild card, thanks to the volatility introduced by the government's quantitative easing programme. The country's equities funds were the worst ...

  6. Business - Economy - OPINION

    Gambling the trump card for livening up culture

    Posted Jun 25th 2014, 02:37am by Richard Wong

    ... Richard Wong Gaming sustained opera in the 18th century and may play a vital role as it returns to centre stage Gambling the trump card for livening up culture George Orwell argued that "the golden age of the artist was the age of the capitalist. The artist had then escaped from the patron, and had not yet been captured by the bureaucrat". The story I wish to relate here ...

  7. Business - Companies - THE VIEW

    At MTR Corp, the buck stops anywhere but the top

    Posted Jul 23rd 2014, 10:05am by Stephen Vines

    ... buck stops here" seems not to have had an impact on any of these gentlemen. Instead, almost unbelievably, they are playing the card of ignorance. Ignoring the obvious question of why ...

  8. Business - China Business - INTERNET

    Chinese head for online banking services as Weibo users shrink

    Posted Jul 23rd 2014, 01:33am by James Griffiths

    ... the People's Bank of China blocked plans by Alibaba and Tencent to offer virtual credit cards, while last month the amount of money consumers can transfer to third-party online payment platforms ...

  9. Business - China Business - E-COMMERCE

    Central bank sends mixed signals on online payments

    Posted Jul 21st 2014, 03:18am by DON WEINLAND

    ... card monopoly China UnionPay said online payments, like those processed by Alibaba Group's AliPay and Tencent's TenPay, should integrate with its clearing house by July this year. ...

  10. Business - Comment - MONEY MATTERS

    Reform move for state enterprises runs up against old obstacles

    Posted Jul 19th 2014, 01:55am by Shirley Yam

    ... wanted Kelon's control, said Zhu over tea. In return, he promised Pan three personal favours: a salary increase, a management stake, and a Hong Kong identity card. All very tempting even ...




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