Another new venture is that octopus has recently partnered with Taobao, China's e-commerce answer to eBay or Amazon. Though purchases have to remain relatively small with a current ceiling of $130 on each card, Octopus says it allows the customer to easily interact for a purchase. Shoppers simply need to make a purchase on Taobao by putting their phone with the Octopus mobile application up to the screen and tapping to make that transaction happen.Octopus has broadened its reach into mainland China with a dual card in Guangdong province and another in Shenzhen. "We're able to put a Hong Kong dollar purse inside the card, as an e-wallet," said Goldmintz.