I've just come back from Hong Kong where the Octopus card is everything that the Oyster should have been. You can use it on the Metro, trams, buses, ferries, rail and funicular lines. You can even use it as virtual cash in shops. Best of all is that you can just walk up to any public transport counter hand over $150 and off you go. You can then top up at machines in all the metro and rail stations or do it directly off your credit card whenever it has run down.
Considering the Oyster card was based on the Octopus card, it baffles me how they managed to fudge the implementation so badly.
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