The role of e-payment tools in fintech industry: Case study of Hong Kong
Keywords:
E-payment, FinTech, Industry, Hong KongAbstract
This study aimed to identify the role of E-payment tools in FinTech industry regarding the case of Hong Kong. The study presented the definition of FinTech, its advantages and tools, and the role of E-payment in FinTech industry. The study presented the case of Hong Kong, the present state of FinTech and the creation and features of Octopus Card system in Hong Kong, and its role in FinTech industry. The study concluded that E-payment considered one of the most important modern financial technological tools in Hong Kong, and main tool that play a role in increasing financial services revenues in Hong Kong, Octopus Card plays also a prominent role due to its multiple uses. Therefore, octopus cards limited objective is making everyday life in Hong Kong easier by using innovative payment technology.
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