Luso Bank and local electronic payment provider Macau Pass inked a co-operation agreement on new mobile payments yesterday at the headquarters of Luso Bank enabling users to link their Luso Bank accounts to Macau Pass accounts. Facilitated via a recently launched app by Macau Pass called MacauPay, the app allows users to generate QR codes in order to make payments, and was introduced in early June; users can also purchase travel insurance via the new application.
The mobile application payment method has already established links with Tai Fung Bank and China Guangfa Bank.
According to Ronald Pun, Deputy General Manager of Macau Pass, downloads of the app have already reached some 300,000 since its June launch.
“In the month of June only [the mobile application] had 10,000 downloads,” said Pun.
The Deputy GM also revealed that one third of Macau Pass users choose to top up their cards through bank transfers, with the remainder preferring cash.
When asked about the consumption rate after the establishment of the new payment method, Pun indicated that the rate is still increasing, noting that “this, of course, cannot be compared to the number of cards [Macau Pass] sold”.
Pun said the new payment method is still in its promotional stage, and that the payment follows Macao Monetary Authority (AMCM) regulations on verifying user identification, meaning that users are required to scan their identity card and send it to the service provider.
“We keep promoting to the public in order to inform them more about the new payment method,” said Pun.
According to him, as of now over 1,200 shops and stores are supporting the payment method.
Meanwhile, Zhang Zhihua, the CEO of Macau Pass, revealed during his speech yesterday that there are 50,000 regular users of MacauPay.
The new mobile application accepts a maximum deposit of MOP20,000 (US$2,485).
DSF rolls out Macau Pass payment
The Financial Services Bureau (DSF) has introduced an alternative payment method for taxpayers to use Macau Pass for taxes with values under MOP1,000.
The new payment can only be used in four locations, namely: The DSF Building on Avenida da Praia Grande, Edifício Long Cheng, the Integrated Services Centre (Taxation) in the Northern District and Taipa Service Centre.