Octopus – on the fast track to make global online payment more inclusive

Tutuka – a global payments enabler, announced their first venture into Hong Kong in conjunction with Octopus Cards Limited (OCL) in March this year ( 2019). The company launched a virtual prepaid card, O! ePay Mastercard, allowing users to shop globally online at any merchants that accept Mastercard.

Tutuka is known for providing robust solutions, which enhance and enable closed loop systems to have access to the open loop market, and the new Octopus O! ePay Mastercard now provides this.

The O! ePay Mastercard targets younger customers with growing global online shopping needs as well as those who prefer not to use their credit or debit cards online. Customers can simply sign up for an O! ePay account via the Octopus App and get the O! ePay Mastercard instantly with just a few clicks without the need to submit any proof. Customers can top up their O! ePay account and funds are then immediately available for the O! ePay Mastercard. The maximum account balance for O! ePay is HK$10,000.

Mr. Sunny Cheung, Chief Executive Officer of OCL, said: “We are excited to partner with Tutuka to offer a seamless global online payment experience to our O! ePay customers as part of our continuous efforts in bringing greater value to Hong Kong.”

Both Tutuka and OCL understand the demand for an innovative global online payment solution. Ms. Sekai Ndemanga, Head of Global Partnerships at TUTUKA, said: “Tutuka is known for helping the unbanked have access to reloadable prepaid cards. This will provide a much-needed alternative for those in need. We are delighted that our platform enables companies like OCL to push the boundaries of innovation in launching innovative payment solutions that make a real difference to the Hong Kong people.”

Source : Tutuka