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Group members: 053095 Lee Ka Wan 053145 Liu Wing Kin 053149 Yip Chung Yin 053036 Tsai Hung Fu

Octopus Card in HKSAR. Group members: 053095 Lee Ka Wan 053145 Liu Wing Kin 053149 Yip Chung Yin 053036 Tsai Hung Fu 053086 Wong Mei Chun. Smart cards evaluation, comparison and recommendation. Procedures. Background Objectives General information for Octopus Comparison

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Group members: 053095 Lee Ka Wan 053145 Liu Wing Kin 053149 Yip Chung Yin 053036 Tsai Hung Fu

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  1. Octopus Card in HKSAR Group members: 053095 Lee Ka Wan 053145 Liu Wing Kin 053149 Yip Chung Yin 053036 Tsai Hung Fu 053086 Wong Mei Chun Smart cards evaluation, comparison and recommendation

  2. Procedures Background Objectives General information for Octopus Comparison Strengths and Weaknesses Recommendation Conclusion

  3. Background Before introduction of Octopus Use coins Need exchange Vending machines Add-value tickets After introduction of Octopus Use only one card ( no need to exchange ) Can pay most of the transport fares Restaurants convenient stores Supermarkets Car parks

  4. Objectives Have an idea of E-money The trend of E-money in modern society Have an idea of Octopus’ Strengths and weakness Effect of E-money on our daily life Seek improvement through comparison

  5. Octopus Card Launched in 1997 95% of population penetration Ten millions transactions per day

  6. Company advancement

  7. Merchants

  8. Company profit

  9. Comparison

  10. Results of the comparison 1.the most advancing electronic payment card 2.Registered as a deposit-taking authorized company in HK 3.Lots of merchants can join to use the system 4.convenience to use the card in the daily life.

  11. Strengths of Octopus • Trend • Convenience • Size • Acceptance • User-friendly • Endurance • Value-adding service • Others • Cost

  12. Weakness Refer privacy incident regarding the deduction errors from adding values HKD $1000 upper limit may be not enough

  13. Refer privacy all the octopus transaction records are marked people will easily know where you went and what you have paid if your octopus card is lost or you are under investigation by some organizations.

  14. Errors Adding values errors lowered people’s confident towards octopus card. EPS Labor of 7-11

  15. HKD $1000 upper limit HKD $1000 upper limit of octopus card may not be enough for people to purchase lots of things only using it Can’t use octopus card to buy something which are high price

  16. Recommendations should go more further raise the maximum amount Security Macau and China market More investment

  17. Conclusion 1.One of the E-card in our daily life 2.Have more functions and applications than other Smart cards all over the world 3.The most advancing electronic payment card 4.Have more strength than weakness 5. Should be more security 6.More investment

  18. Q & A

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