Asian Spectator

mPay Expands Cross-Border Payment Coverage to More Than 40 Countries, creating a Convenient Global Travel Smart e-wallet for Macao residents

  • Written by Macau Pass S.A.
MACAU - EQS Newswire - 24 August 2023 - Macau Pass S.A. ("Macau Pass"), together with Alipay+, will expand the coverage of the cross-border payment business of mPay to more than 40 countries overseas in the third or fourth quarter this year. These include the United Arab Emirates, the United Kingdom, Switzerland, the European Economic Area countries (such as France, Germany and Italy), Australia, New Zealand, Qatar, Singapore, Malaysia, South Korea, Japan, the Philippines, Thailand, and the United States of America. The relevant cross-border payment function is applicable to mPay's Macao resident users at 3A, 3B and JR levels, it is done by simply switching the Alipay+ overseas payment code on mPay when seeing Alipay+ logo at the merchants in these countries.

According to the 2022 Household Information Technology Survey by the Statistics and Census Bureau of the Macao SAR Government, among the online shopping consumption in the fourth quarter of 2022 in Macao, the median consumption of "tourism services" (MOP2,000) ranked top on the list, and comparing 2021 and 2022, the number of consumers has increased by 142%. With the optimization of the entry-exit management policy of the Macao SAR government, the increase in search volume of outbound flights and accommodation in overseas countries indicates that the outbound travel demand of Macao residents continues to recover in 2023, and cross-border consumption is expected to surge.

Mr. Sun Ho, Chairman and CEO of Macau Pass, said that the change in consumer culture and modern technology goes hand in hand in the new era, and demand for electronic payments, especially cross-border mobile payments, is also booming rapidly. As one of the leading mobile payment e-wallets in Macao, mPay and Alipay+ which has launched a suite of innovative digital cross-border solutions, strive to create a smart e-wallet that facilitates Macao residents to travel globally, this could also solve the issues they encounter with payment while travelling overseas, thus improve travelers' payment and shopping experience.

Mr. Sun said that when international payment services give consumers fine global travel consumption experience, it will also bring more cross-border businesses and tourism growth opportunities for global merchants. mPay will continue to expand electronic payment, lifestyle services and marketing technology services to develop more open and diversified intelligent payment business scenarios, which is dedicated to introducing 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 vibrant developments.

Hashtag: #MACAUPass

The issuer is solely responsible for the content of this announcement.

Authors: Macau Pass S.A.

Read more https://www.media-outreach.com/news/macao/2023/08/24/241481/

Magazine

Di bawah standar WHO: 3 alasan anggaran kesehatan harus ditingkatkan di era Prabowo

Prabowo-Gibran yang pencalonannya sebagai Presiden dan Wakil Presiden memantik kontroversi telah mulai bekerja sejak 20 Oktober 2024.Untuk mengawal pemerintahan mereka, kami menerbitkan edisi khusus #...

Teknologi baru sel surya tandem pecahkan rekor dunia dalam efisiensi energi

Thanun Vongsuravanich / ShutterstockPanel surya yang dipasang di atap rumah dan lahan pembangkit energi skala besar telah menjadi pemandangan biasa di berbagai belahan dunia. Tenaga surya kini menjadi...

Seperti ‘trick or treat’, film horor adalah ciri khas Halloween−tapi mengapa harus berdarah-darah?

Banyak sekali film horor di tahun 2024, dan banyak di antaranya yang mempertontonkan adegan berdarah secara terang-terangan. Tahun ini, sejumlah film ‘berdarah’ memasuki pasaran, seperti I...



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion