Tutuka Launches Its First Program in Hong Kong with Octopus

Stocks and Financial Services Press Releases Wednesday May 15, 2019 08:00
HONG KONG--15 May--PRNewswire/InfoQuest
Octopus with the help of Tutuka's APIs are on the fast track to make global online payment more inclusive for the people of Hong Kong

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

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."

OCL is one of the most trusted payment brands in Hong Kong, especially within the transport and retail sectors. Now, with Tutuka's support, its leadership is further extended into the global e-payments market. 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 is no different.

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.

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."

About Tutuka

TUTUKA makes payments happen by enabling our clients' customers to pay with Mastercard, Visa and Union Pay cards and products. This allows many of the unbanked in the world the opportunity and freedom to use these products. With more than 20 years of experience, TUTUKA processes millions of dollars in transactions for over 400 prepaid card programs across Africa, the Middle East, Latin America and Asia. Visit https://www.tutuka.com/ for more information.

Logo - https://photos.prnasia.com/prnh/20190514/2465852-1logo

Latest Press Release

GoComet raises SGD3 million in Series A Round Led by Leo Capital

GoComet today announced that it has raised SGD3 million in a Series A round led by Leo Capital, alongside SGInnovate and August One, with participation from existing investor,India Quotient. Headquartered in Singapore, GoComet also operates in India,...

Fitch Rates PTT Global Chemical#s Debentures #AA+(tha)#

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to PTT Global Chemical Public Company Limited's (PTTGC, AA+(tha)/Stable) new senior unsecured debentures. The debentures of up to THB10 billion will be issued in three...

LGT reports strong net asset inflows and further business expansion in first half of 2019

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, achieved a group profit of CHF 155.6 million and further expanded its client business in the first half of 2019. The results reflect solid...

Gavin Bambury named OANDA(R) CEO

A global leader in online multi-asset trading services and currency data and analytics, OANDA Global Corporation is pleased to announce the appointment of industry leader Gavin Bambury as Chief Executive Officer, effective Monday 26 August 2019. Based in...

Thailand Focus 2019 showcases new governments policies to reinforce confidence

The Stock Exchange of Thailand (SET) will hold the annual flagship inbound roadshow "Thailand Focus 2019: Embracing Opportunities - The Next Chapter", during August 28 – 30, 2019 in Bangkok, marking the first conference for the new government to...

Related Topics