Taobao Mascot and Octopus
Taobao and Alipay of Alibaba Group just rolled out NFC mobile payment solution, named OOP (Octopus Online Payment), together with Octopus Cards Limited (OCL).
Octopus mobile app users now can make payments, through their NFC-enabled mobile devices, for purchases on Taobao marketplace. OOP charges a 1.5% fee of the total transaction amount. It sets a daily payment limit of HK$1,000 for each Octopus account.
Octopus applications are widely used by Hong Kong people in their daily lives. Alipay and Taobao marketplace are seeing rising popularity among Hong Kond users.
Alipay announced to expand to Hong Kong market last month by enabling payments through Alipay On-site at convenience stores, and cosmetics/apparel stores.
