Hong Kong’s Cash-Loving Taxis to Accept Chinese E-Payment Apps
- Octopus machines will accept UnionPay, Alipay from Jan. 25
- Cash-dependence is long-time complaint of residents, tourists
Taxis in Hong Kong.
Photographer: Justin Chin/BloombergThis article is for subscribers only.
Hong Kong’s notoriously cash-loving taxis will soon be able to accept some Chinese e-payment methods as the financial hub looks to boost sluggish visitor numbers.
Octopus Holdings Ltd., which manages the ubiquitous contactless card system used for public transport and in retailers, will enable machines in taxis to accept more payment options. They include UnionPay and Ant Group Co.’s Alipay, the company said Thursday.