WeChat Pay Partners with Octopus to Bring a New Payment Experience to Taxi Passengers in Hong Kong

WeChat Pay Partners with Octopus to Bring a New Payment Experience to Taxi Passengers in Hong KongOn August 5th, WeChat Pay announced a partnership with Octopus Cards Limited (Octopus) to launch a new payment solution for taxi drivers and passengers in Hong Kong. This collaboration will further expand WeChat Pay's reach in Hong Kong and provide passengers with a more convenient travel payment experience

WeChat Pay Partners with Octopus to Bring a New Payment Experience to Taxi Passengers in Hong Kong

On August 5th, WeChat Pay announced a partnership with Octopus Cards Limited (Octopus) to launch a new payment solution for taxi drivers and passengers in Hong Kong. This collaboration will further expand WeChat Pay's reach in Hong Kong and provide passengers with a more convenient travel payment experience.

The core of this partnership is the integration of WeChat Pay and WeChat Hong Kong Wallet into the Octopus Mobile Payment Terminal. When passengers take a taxi, drivers can simply enter the transaction amount in the commercial version of the Octopus app, and the Octopus Mobile Payment Terminal will display the Hong Kong dollar amount and corresponding payment QR code. WeChat Pay and WeChat Hong Kong Wallet users can simply open WeChat, scan the QR code, and complete the payment.

In addition to using the Octopus taxi payment network, passengers can also choose to pay conveniently using WeChat's "Taxi Collection Code." This function provides a more intuitive payment method for Hong Kong residents and mainland visitors. Passengers can simply scan the WeChat "Taxi Collection Code" sign in the car, enter the fare amount, and the driver can directly settle and receive payment in Hong Kong dollars, eliminating the need for currency exchange between both parties.

Since the opening of the taxi payment network at the beginning of this year, Octopus has successfully connected with 25,000 Hong Kong taxi drivers. This partnership with WeChat Pay will further expand the coverage of the Octopus taxi payment network, offering convenient payment options for more passengers.

Li Peiku, President of WeChat Pay International Business, expressed, "The integration of the Octopus taxi payment network into WeChat Pay reflects our commitment to further covering mainstream travel scenarios and promoting the construction of smart transportation in the Guangdong-Hong Kong-Macao Greater Bay Area. In the future, WeChat Pay will also continue to promote the further implementation of smart transportation applications, integrating mobile payment capabilities deeper into the local life of the Guangdong-Hong Kong-Macao Greater Bay Area, and providing mainland tourists with more convenient mobile payment and digital service experiences."

This partnership will have a positive impact on both the Hong Kong taxi industry and passengers:

For taxi drivers:

• Accept a wider variety of electronic payment methods, simplifying the payment process and improving efficiency.

• Attract more passengers using WeChat Pay and WeChat Hong Kong Wallet, increasing revenue.

• Reduce the risk of cash transactions, ensuring personal safety.

For passengers:

• Conveniently pay fares through WeChat Pay and WeChat Hong Kong Wallet, eliminating the need to carry cash.

• Enjoy a safer and more convenient travel experience, reducing waiting time in queues.

• Benefit from more flexible payment methods to meet various payment needs.

This collaboration is an important step for WeChat Pay to expand its presence in the Hong Kong market, and it also demonstrates WeChat Pay's commitment to promoting the construction of smart transportation in the Guangdong-Hong Kong-Macao Greater Bay Area. It is believed that as the cooperation between WeChat Pay and Octopus deepens, it will bring more convenient and intelligent travel experiences to more passengers.

Looking forward, WeChat Pay will continue to explore more diverse payment scenarios, further enhance user experience, and contribute to the construction of smart cities in the Guangdong-Hong Kong-Macao Greater Bay Area and even the world.

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