Hashtag
The Times Real Estate

Macau Pass Showcases Fintech Innovations at Financial Street Forum 2024

MACAU SAR - EQS Newswire - 23 October 2024 - On October 20, the Annual Conference of Financial Street Forum 2024 was concluded in Beijing. Themed on "Trust and Confidence - Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth", this year's conference attracted over 500 guests from more than 30 countries and regions worldwide.

In a parallel session featured "Fintech: Bridging the Digital Divide", notable speakers such as Yin Yanlin, Deputy Director of the Economic Committee of the 14th CPPCC National Committee, Zeng Zhicheng, Deputy Director-General of the People's Bank of China Beijing Municipal Branch, Jiang Guangzhi, Director of Beijing Municipal Bureau of Economy and Information Technology, Han Xinyi, President of Ant Group, and Sun Ho, Chairman and CEO of Macau Pass Group Holdings Limited, shared innovative practices and offered suggestions. They emphasized the importance of leveraging fintech to enhance real economy financial services, reaching more people and businesses through advancements in tech finance, green finance, inclusive finance, pension finance, and digital finance.

Sun Ho, Chairman and CEO of Macau Pass Group Holdings Limited

Sun Ho highlighted the potential of fintech in transforming Macau into a smarter city. He mentioned the Macao SAR Government's '1+4' strategy, which promotes modern finance as a key pillar for economic diversification. Macau Pass is aligning with this initiative by providing convenient life and inclusive financial services to consumers and businesses through digital products, technology, and data capabilities, while contributing to the digital economy and the infrastructure needed for a smart city.

Macau Pass is committed to creating an open, one-stop platform for digital living and financial services, leading Macau's mobile payment sector through technological innovation and integrating everyday consumption and service scenarios. MPay has become the preferential electronic payment platform for Macau residents and has expanded into a super app covering various scenarios such as retail, dining, culture, leisure, and tourism, offering users convenient local services. Furthermore, Macau Pass is leveraging its substantial user base to assist merchants in their digital transformation and growth. MPay is now accepted by over 98% of Macau's merchants, playing a significant role in their online operations. In collaboration with Alipay+ cross-border solutions, MPay has extended its payment services to 50 countries and regions, supporting over 10 overseas e-wallets for payments in Macau, enhancing the convenience for both residents and visitors.

Macau Pass has issued over 5 million mCards, continually enhancing users' smart travel and payment experiences with innovative features. The upcoming launch of the Macau Pass - China T-Union Card aims to simplify public transportation for Macau residents traveling between mainland China and the Macau SAR, making commutes more convenient.

Mr. Sun also shared insights into smart finance innovations. As a licensed bank in Macau, Ant Bank (Macao) leverages advanced technology to offer digital banking, internet securities investment, and insurance services, ensuring safe, inclusive, and convenient financial solutions. By synergizing Macau Pass's payment services with Ant Bank (Macao)'s digital banking, they plan to integrate "payment plus inclusive finance" services with business scenarios and resources of the ecosystem, thus meeting the diversified financial needs of the market, and driving the smart city's digital economy forward.

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

Business News

Backbase and Synpulse partner to accelerate banking transformation across APAC

Combining Backbase's Engagement Banking Platform with Synpulse's regional expertise to deliver customer-centric solutions SINGAPORE - Media OutReach Newswire - 13 March 2025 - Backbase, the leader i...

Hashtag.net.au - avatar Hashtag.net.au

Technology driving positive outlook for Malaysian small businesses

Malaysia’s small businesses lead the region in innovation Younger entrepreneurs dominate small business landscape AI investment on the rise ...

Hashtag.net.au - avatar Hashtag.net.au

ST Telemedia Global Data Centres Accelerates AI Ambitions, Achieves Certification under NVIDIA DGX-Ready Data Center Program

SINGAPORE - Media OutReach Newswire - 13 March 2025 - ST Telemedia Global Data Centres (STT GDC), one of the world's fastest-growing data centre colocation service providers headquartered in Singapor...

Hashtag.net.au - avatar Hashtag.net.au

HL Assurance Becomes First in Singapore to Launch Core Travel Insurance Coverage Add-Ons

HL Assurance addresses key concerns for the modern traveller in their new combination of essential travel insurance add-ons. SINGAPORE - Media OutReach Newswire - 13 March 2025 - Singaporeans can now...

Hashtag.net.au - avatar Hashtag.net.au

USPACE Partners with AICO to Launch 6,000-Satellite Constellation Plan

— Hybrid Constellation Focused on Direct Mobile-Satellite Connectivity to Empower “Belt and Road” Digital Future HONG KONG SAR - EQS Newswire - 13 March 2025 - At the "100 Satellites" exhibition held ...

Hashtag.net.au - avatar Hashtag.net.au

Octa broker receives the 'Best use of AI in fintech' award

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 8 March 2025 - OctaTrader, Octa broker's proprietary trading platform, was recently awarded for the 'Best Use of AI in Fintech 2025' by Global Busin...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

The Importance of Having a Defibrillator in Public Spaces

Hashtag.net.au - avatar Hashtag.net.au

Life is uncertain! It is almost impossible to be 100% sure of the future, anything can happen to anyone at any time. However, in the case of Sudden Cardiac Arrests (SCA), the presence of an Automat...

Understanding Anxiety: Different Types and Treatment Options

Hashtag.net.au - avatar Hashtag.net.au

(Source) Every person experiences anxiety in some form as they face either pre-event heart palpitations before important events or constant sleep deprivation because of ongoing concerns. People exp...

How Technology Is Improving Community Support Services?

Hashtag.net.au - avatar Hashtag.net.au

(Source) Technology is literally a part of our everyday lives. Everything we do is highly dependent on technology in this day and age. The interesting part is that not just the younger generations ...