Macau Pass Expands Services to New Partner E-Wallets from Worldwide
by: The Beat Asia
December 18, 2023
Macau Pass S.A. has taken a significant stride towards global expansion by making its services compatible with seven Alipay+ partner e-wallets from various corners of the world.
This strategic move will enable Macau Pass to extend its reach and offer its payment and acquiring services to merchants who utilize these overseas e-wallets.
The newly added partner e-wallets encompass a diverse range of regions, including Tinaba from Italy, OCBC and Changi Pay from Singapore, MyPB by Public Bank in Malaysia, Toss Pay and NAVER Pay in South Korea, and Hipay in Mongolia. This integration ensures that Macau Pass' payment and acquiring services are seamlessly accessible to users of these e-wallets across borders.
Earlier in September, Macau Pass announced a groundbreaking cooperation agreement with Alipay+ that allowed its e-wallet, Mpay, to facilitate payments in mainland China and Hong Kong. AGTech, an Alibaba affiliate, acquired Macau Pass Holding for HK$778 million (USD$99.6 million) last year, signalling ambitions for international expansion.
As part of its ambitious expansion plans, Macau Pass aims to introduce Mpay services in additional foreign countries by the third or fourth quarter of 2023, with the goal of making services available in over 40 countries by the end of 2024.
The extensive coverage of Mpay will span countries such as the United Arab Emirates, the United Kingdom, Switzerland, various European Economic Area nations, Australia, New Zealand, Qatar, Singapore, Malaysia, South Korea, Japan, the Philippines, Thailand, and the United States of America.
In addition to its compatibility with Alipay, AlipayHK, WeChat Pay, Simple Pay, and other e-wallets offered by local banks in Macau, Mpay already supports international e-wallets like Kakao Pay in South Korea, GCash in the Philippines, Touch'n Go eWallet in Malaysia, and TrueMoney in Thailand.
For more information about Mpay, click here to visit their official website.
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