Octopus Cards Limited (Licence Number: SVF0001) Operating under the Stored Value Facilities Licence, Octopus Cards Limited (OCL) provides diverse offline and online Octopus payment services to meet customers’ different payment needs. Launched in 1997 by OCL, the Octopus system in Hong Kong is one of the world's leading and most extensively accepted contactless smartcard payment systems. Today, more than 30 million Octopus are in circulation. The Octopus system handles 15 million transactions a day, with an aggregate transaction value exceeding HK$208 million. It is used by over 13,000 service providers at some 23,000 retail outlets in the market, spanning businesses including public transport, parking, retail, self-help services, schools and leisure facilities, and access control for residential and commercial buildings. Octopus’ application has been extended to online and mobile payment arenas, with products including Octopus O! ePay, Octopus App, Smart Octopus in Samsung Pay and Octopus Mobile SIM, bringing new payment experiences to customers. The Octopus Group exports its unique experience and technology overseas, offering consultancy services across the world. (Last updated: August 2018)