Octopus Cards Limited (Chinese: 八達通卡有限公司) is the operator of the Octopus rechargeable contactless smart card used in an electronic payment system in Hong Kong.
Octopus Cards Limited is a wholly owned subsidiary of Octopus Holdings Limited. Established in 1994 under the name of "Creative Star" by the major transportation companies in Hong Kong, Octopus Cards Limited is the operator of the Octopus System and the issuer of Octopus.
The Octopus card was introduced in 1997 with the aim of providing a simple way to pay fares on public transport in Hong Kong. Octopus then extended its reach into simple micropayments for purchases in retail outlets and a simple way for cardholders to gain access to buildings and schools and to identify themselves. In January 2002, it was renamed Octopus Cards Limited from Creative Star. Prompted by the business expansion of the Octopus card, Octopus Holdings Limited was formed in 2005 after a company restructure and Octopus Cards Limited became a wholly owned subsidiary of the new company. Today, over 440 service providers accept Octopus, and new uses are regularly being added.
Octopus has a global reputation, and is currently the world's leading and most extensive contactless smartcard system, with the highest penetration, the highest transaction volume and the widest scope of applications.
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... Octopus became the centre of a controversy in mid 2010, when some individuals complained that they had received unsolicited sales calls which they alleged came ... Octopus chief executive Prudence Chan initially denied that any personal data had been given over to third parties, but said that cardholders' consent to use their data would have been given when they registered for ... when a former worker at an insurance company said that Octopus had bought data on 2.4 million reward scheme cardholders ...
... The Octopus card system is owned and operated by Octopus Cards Limited, a wholly owned subsidiary of Octopus Holdings Limited ... The company was founded as Creative Star Limited in 1994 to oversee the development and implementation of the Octopus card system, and was renamed as its current name of Octopus Cards ... Due to the expansion of the company's businesses, Octopus Holdings Limited was established in 2005 and Octopus Cards Limited was restructured as its ...
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