Octopus teams with WETAXI HK to launch taxi hailing app

Octopus Cards has integrated its payment capabilities with HKSTP incubatee Wetaxi Technology Company's new WETAXI HK app (Image RyanJLane / iStockPhoto)

Octopus Cards Limited has teamed up with HKSTP incubatee Wetaxi Technology Company to launch a mobile taxi hailing and payment service.

Under the collaboration, Octopus will enable payment services using Octopus cards or Octopus O! ePay through the new WETAXI HK app.

As a promotion, until October 8, Octopus Cards Limited will donate HK$5 to the Hong Kong Committee for UNICEF and the Hong Kong Red Cross for every fare costing HK$50 paid via Octopus for a taxi hailed using the app.

In the lead up to the launch, Wetaxi HK and Octopus Cards has been encouraging taxi drivers to join to Octopus App for Business platform. To date, around 800 taxi drivers have applied for Business O! EPay accounts for accepting fares over the Octopus platform.

Wetaxi Technology Company also plans to implement a driver rating system to the app, as well as provide information such as instant traffic reports for the version of the app for drivers.

The company will introduce English and Simplified Chinese versions of the app in the coming months. It also aims to introduce AI into the platform into the future to help drivers better match taxi-hailing orders according to their routines.

“HKSTP has always been supporting the development of technology start-ups, and we are pleased to witness the market launch of WETAXI HK with the support of OCL," HKSTP head of incubation and acceleration programs Peter Mok said.

"In the past months, HKSTP had provided WETAXI HK with technical development support, business advice and cloud services to assist in its product development and enhancement. We look forward to the continual co-operation with WETAXI HK to introduce more features and further enhance the app’s user experience.”

Mok said that under HKSTP’s incubation programs.the number of startups increased from 90 in fiscal year 2013 to over 280 in last fiscal year.  Angel or venture capital was raised from HK$30 million to HK$2.2 billion during this period.

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