Octopus Card company to join forces with Mastercard as it expands into realm of online shopping with new virtual prepaid credit card

The company behind the Octopus Card e-payment system is to launch a virtual prepaid card for online shopping as it attempts to reinvent itself while facing punishing competition in the cashless transactions marketplace.
Sunny Cheung Yiu-tong, the CEO of Octopus Holdings, said on Wednesday the Hong Kong firm would join forces with Mastercard, and would issue the new payment option in the first quarter of next year.
Tying with the company’s e-wallet offering, O! ePay, the virtual card will…

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