Transcript Octopus Card in HKSAR

Smart cards evaluation, comparison and recommendation
Group members:
053095 Lee Ka Wan
053145 Liu Wing Kin
053149 Yip Chung Yin
053036 Tsai Hung Fu
053086 Wong Mei Chun
Background
Objectives
General information for Octopus
Comparison
Strengths and Weaknesses
Recommendation
Conclusion
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
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
Launched in 1997
95% of population penetration
Ten millions transactions per day
Octopus
Card
Oyster
Card
Suica
Card
Place
HKSAR
Card
Dimensions
82X55X2
London,U Kanto
K
Region,
Japan
83X45X3 81X50X2
(mm)
Company
System
Octopus
Card
Limited
Touch and
Go
TranSys
JR Limited
Touch and Touch and
Go
Go
Octopus
Card
Oyster
Card
Suica Card
Technology
Song Felia
RFID
Philip Mifare
Song Felia
RFID
Data
Transmitted
Speed
272 Kbit/s
8 Kbit/s
272 Kbit/s
Number of
Users
Approx.6.5M
8M
7M
Adding Value
Means
Cash, Electronic
money (EPS
&Credit Card),
automated add
value service
Cash,
Electronic
money (EPS
&Credit
Card) ,automa
ted add value
Cash, Electronic
money (EPS
&Credit Card),
automated add
value
Octopus
Card
Oyster
Card
Suica
Card
Automated Add
value service
provided banks
HSBC,Hang
Nil
Seng Bank of
china Standard
Chartered Bank,
DBS,Citbank,ect
Many banks;
Some even
embed the
suica card IC
on their credit
cards
Point of use
All transportation Trains and
system except
Undergrounds,
taxi and some
No store
red-line minibus,
convenient
stores, fast food
shops,
cinemas,superm
arket,ect over
400 merchants
JR east, Tokyo
Monorail,Rinkai
Line and some
store in JP
stations as well
as airport
Octopus Card
Oyster
Card
Suica
Card
Other
Application
Can be used as
residential cards,
attendance cards
in school,in&out
registration in
offices,ect.
Nil
Nil
Reward
Program
Cheaper fares;
Octopus reward
program, earn
money refund
when using the
card
Cheaper
fares
Cheaper
fares
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.
Trend
Convenience
a. Size
b. Acceptance
c. User-friendly
d. Endurance
e. Value-adding service
Others
a) Cost
Refer privacy
incident regarding the deduction errors
from adding values
HKD $1000 upper limit may be not
enough
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.
Errors
Adding values errors lowered people’s
confident towards octopus card.
EPS
Labor of 7-11
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
should go more further
raise the maximum amount
Security
Macau and China market
More investment
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