EVCity Octopus Payment Terminal V3 Project Successfully Passes Acceptance, Empowering a New Upgrade of Smart Mobility Payments in Hong Kong
Recently, the Octopus V3 payment terminal upgrade project undertaken by EVCity officially passed the full-process official acceptance by Octopus Cards Limited on December 16, 2025. This milestone marks the successful completion of the entire project cycle, including R&D, testing and delivery, injecting fresh technological momentum into the digital upgrading of smart travel and convenient payment scenarios in Hong Kong.
Project Background: Building a Next-Generation Smart Payment Terminal for All Scenarios
As a leading payment and smart living service operator in Hong Kong, Octopus payment terminals are widely deployed across core mobility and consumption scenarios including public transportation, retail stores, parking lots, and EV charging stations – making them an essential payment vehicle for Hong Kong citizens in daily travel and purchases. The Payment Terminal V3 project is a core upgrade initiative by Octopus to address next-generation payment demands, setting new technical standards in transaction efficiency, security compliance, multi-scenario adaptability, and smart maintenance. The goal is to deliver a faster, safer, and more convenient all-scenario payment experience for Hong Kong users.
Full-Cycle Technical Breakthroughs, Successful Delivery & Acceptance
The EVCity team achieved multiple key technological breakthroughs to meet the core requirements of the V3 version:
Significantly improved transaction efficiency – Optimized terminal processing algorithms achieve a 30%+ increase in transaction response speed, greatly reducing user waiting time.
Financial-grade security enhancement – Fully compliant with Octopus's latest financial security requirements, equipped with multi-layer encryption technology to comprehensively protect transaction data and user information.
Extreme environment adaptation – Hardware durability upgrades tailored to Hong Kong's hot, humid, and salt-laden climate, ensuring 24/7 stable operation.
Smart all-scenario compatibility – Perfectly adapted for use in public transport, parking lots, EV charging stations, and other scenarios, supporting expansion for multiple payment methods.
Remote smart maintenance upgrade – Integrated remote monitoring, fault alerts, and over-the-air (OTA) update capabilities, significantly reducing terminal operating costs and management complexity.
Milestone Cooperation, Opening Future In-depth Collaboration
Moving forward, EVCity and Octopus Cards Limited will explore further cooperation opportunities for customized solutions in the fields of smart travel, smart retail and beyond, jointly driving the continuous upgrading of Hong Kong’s smart lifestyle ecosystem.
(Photo: At the Octopus Holdings Limited headquarters)
