Market Report, "Pre-Paid Cards in Hong Kong, China", Published
In 2013, the growth of open-loop prepaid cards, which are network-branded cards or national e-purse chips and do not possess any acceptance point restrictions other than those of the network or e-purse brand, is declining due to the high competitiveness in card payment market where the Octopus card can perform similar functions with greater merchant acceptance points and a reloadable function. The Octopus card, originally launched for the mass transit system in Hong Kong, has expanded its...
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