Why epayment in Hong kong still not popular?

[Yiqi Gong]

Currently, there are a lot of E-payment and virtual bank companies in Hong Kong, but the one most people use is still Octopus; what do you guys think is the main problem?

[Janyaporn Kengtrong]

The main problem with the abundance of e-payment and virtual bank companies in Hong Kong could be the lack of interoperability and standardization among different platforms. Octopus has been widely adopted and accepted across various merchants, making it a convenient and trusted option for most people. The challenge lies in creating a seamless and universally accepted system that allows users to transact easily across different platforms, encouraging wider adoption of alternative payment methods.

[Yiqi Gong]

You mention a seamless and universally accepted system, and I strongly agree with you. Unlike China mainland (Wechat pay and Alipay pay), Hong Kong has too many options (bocpay, pay me, virtual banks…). I think the government should guide citizens in creating a universally accepted system.