Macau – EQS Newswire – August 24, 2023 –
Macau Pass SA (“Macau Pass”)together with
Happy+, will expand mPay’s cross-border payment business coverage to more than 40 overseas countries in the third or fourth quarter of this year. These include the United Arab Emirates, United Kingdom, Switzerland, European Economic Area countries (such as France, Germany and Italy), Australia, New Zealand, Qatar, Singapore, Malaysia, South Korea, Japan, Philippines, Thailand and the United States of America. The relevant cross-border payment function is applicable to Macau resident mPay users at 3A, 3B and JR levels. It is done simply by changing the Alipay+ overseas payment code on mPay when you see the Alipay+ logo at merchants in those countries.
According to the 2022 Household Information Technology Survey by the Macao SAR Government Statistics and Census Bureau, among online shopping consumption in the fourth quarter of 2022 in Macao, the median consumption of “tourist services” (2,000 MOP) ranks first. the list, and comparing 2021 and 2022, the number of consumers increased by 142%. With the optimization of the Macao SAR government’s entry and exit management policy, the increase in the volume of search for overseas flights and accommodation in overseas countries indicates that the Outbound travel demand from Macau residents continues to recover in 2023 and cross-border consumption is expected to increase.
Mr. Sun Ho, CEO of Macau Pass, said that the change of consumer culture and modern technology go hand in hand in the new era, and the demand for electronic payments, especially cross-border mobile payments, is also booming. As one of the leading mobile payment e-wallets in Macau, mPay and Alipay+, which have launched a suite of innovative cross-border digital solutions, are striving to create a smart e-wallet that enables Macau residents to travel around the around the world, it could also solve the payment problems they encounter when traveling abroad, thus improving the payment and shopping experience of travelers.
Sun said when international payment services provide consumers with an excellent global travel consumption experience, it will also bring more cross-border business and tourism growth opportunities for global merchants. mPay will continue to expand e-payment, lifestyle services and marketing technology services to develop more open and diverse smart payment business scenarios, which aim to showcase the inclusive ecology and vitality of Macao and even Mainland China’s digital economy to the whole world and let them have a deeper understanding of the dynamic developments.
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