No Need for Change

260px-AdultOctopusCard.jpg

The Octopus card is one of the most clever tools I know as far as money is concerned. It was first introduced in Hong Kong in 1997 for fare payment on the MTR (the local transit system), but the use of the card quickly expanded for multiple other purposes. It can now be used to pay fares for majority of public transport in Hong Kong and to make purchases for consumer products at many stores in the territory. In addition it can be used in many soft drink vending machines, pay phones, photo booths, parking meters, and car parks.

Monetary value can be added to the card through a number of ways and you can add as much or as little as you wish. In MTR stations, enquiry machines can be found where cardholders may place their Octopus cards on the machines and the machines will display the balances along with a history of last 10 usages. You also know how much is left on the card (but without the last 10 usages) whenever you use the card.

It is widely popular in Hong Kong where it is estimated that 95 percent of the population aged 16 to 65 own at least one card and generates over 10 million daily transactions worth a total of about HK$29 billion (US$3.7 billion) a year. (edited and personalized from Wikipedia)

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10 thoughts on “No Need for Change

  1. Sounds like a great idea!

    One question: You write that the card can be used for pay phones. Do they still have those? Here in Israel, the vast majority of the pay phones have been removed, because so many people have cell phones.

  2. Wellington, NZ is a wonderful city to live in.
    We have a similar card, called a Snapper Card, used for a myriad of things.
    Seniors have free transportation on public conveyances on week-ends and from 9am to 4pm weekdays.

    Shabbat Shalom

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