Sands China Ltd. and Bank of China Macau Branch announced that they have joined hands to issue the first co-branded UnionPay credit card targeting Macau residents.
The BOC Sands Lifestyle co-branded UnionPay credit card is expected to be officially launched in October, with a focus on supporting the recovery of the tourism industry. It offers an array of high-end leisure and entertainment privileges and benefits, which will help further build Macau as a diversified world centre of tourism, culture and leisure.
The collaboration between Bank of China Macau Branch and Sands China Ltd. is in line with the initiative of “jointly promoting connections between electronic payment systems in the Greater Bay Area” as proposed in the Outline Development Plan for Guangdong-Hong Kong-Macau Greater Bay Area, and the newly released general plan for building a Guangdong-Macau in-depth cooperation zone in Hengqin.
Through UnionPay’s extensive payment network, Bank of China Macau Branch will offer cardholders payment convenience and various benefits and privileges, develop new digital payment products to better meet residents’ local and cross-border financial needs, facilitate the interconnection of people and capital in the region, and contribute to the development of the Greater Bay Area and the Guangdong-Macau in-depth cooperation zone in Hengqin.
Bank of China Macau Branch and Sands China Ltd. have an extensive track record of strategic partnerships. With shared goals of continually seeking to improve client services, the two parties have maintained close ties in the area of financial services, actively working with the government in its initiatives. These include developing Macau as a smart city, continuing to enhance payment provision in areas including shopping, dining, accommodation and transportation, and offering smart financial services to local residents and businesses. Moving forward, Bank of China Macau Branch will deliver more high-quality products and services to promote the development of Macau’s financial industry and contribute to the city’s economic and social stability. – spr
This September 14 file photo shows the signing ceremony for the first co-branded UnionPay credit card for local residents to be issued jointly by Sands China Ltd. and Bank of China Macau Branch, represented by Dave Sun Minqi (right), senior vice president and chief financial officer of Sands China, and Chan Hio Peng, deputy general manager of BOC Macau. Photo courtesy of Sands China
