back Back

mPay & Alipay+ widen cross-border payments reach for Macao residents

By Gloria Mathias

August 24, 2023

  • Alipay
  • APAC Expansion
  • APAC Fintech news
Share

mPay, Macau Pass, AliPay+, Macao Residents, Cross-border payments, Global Payments mPay Macau Pass with Alipay+ has announced the expansion of the coverage of the cross-border payment business of mPay to more than 40 countries overseas.

The countries 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 applies to mPay’s Macao resident users at 3A, 3B and JR levels, and it is done by simply switching the Alipay+ overseas payment code on mPay when seeing the Alipay+ logo at the merchants in these countries.

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.

Sun Ho, Chairman and CEO of Macau Pass said, that the change in consumer culture and modern technology go 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 travellers’ payment and shopping experience.”

Mr. Sun added, “When international payment services give consumers a 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 are 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.”

Previous Article

August 24, 2023

FinTech Andaria strengthens C-Suite with new hire

Read More
Next Article

August 24, 2023

JCB launches whitepaper to help merchants prevent card abandonment

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Alipay

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

SWiM PAY launches new instant digital payments feature

Read More

Today

Mangopay & ManoMano simplify payments for marketplace sellers

Read More

Today

FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024