Accelerating Digital Payment Ecosystem Development
Following this announcement, the collaboration is set to expedite the growth of Hong Kong’s digital payment ecosystem. This partnership will bring a widely utilized payment experience to merchants and businesses across various sectors with optimized speed, flexibility, and efficiency.
Enabling Offline and Online Octopus Acceptance Directly
The deal plays a significant role in both companies’ strategies, enabling offline and online Octopus acceptance directly via Wonder’s payment terminal and digital platform. Both institutions will continue to cater to the evolving needs, preferences, and demands of clients and users while ensuring compliance with local regulatory requirements.
Streamlined KYC Onboarding Process
According to the official press release, businesses can enable Octopus alongside other payment methods through Wonder’s simplified Know Your Customer (KYC) onboarding process. This method is designed to allow merchants of any size and industry to onboard more quickly, manage finances better, and start accepting Octopus payments securely.
Expanding Acceptance and Payment Experience
The partnership aims to further expand acceptance and bring a faster, more efficient, and secure payment experience to businesses and customers in Hong Kong. By leveraging the Octopus Cards Limited product, the collaboration will offer improved offline and online Octopus payment services, catering to diverse payment needs and promoting diversity and inclusion in payments across all aspects of life.