Macau Pass plans to extend its MPay electronic wallet to Hong Kong next year in conjunction with the latter’s Octopus Holdings cashless payment platform, the South China Morning Post reported on Sunday, quoting Joe Liu Cheuk Yin, director of the Macau-based mobile payment provider Macau Pass.
The report did not say when and where Liu made the remarks.
“The firm [Macau Pass] hopes to offer MPay in the second quarter of next year in Hong Kong,” Liu was quoted as saying. Liu described Hong Kong as the “favourite destination” for tourists and businesspeople from Macau.
The report said the plan was an “important step towards creating a seamless payment system across the Greater Bay Area” (GBA), which comprises the nation’s two special administrative regions of Hong Kong and Macau as well as nine cities in Guangdong province.
According to the report, MPay is used by 440,000 people in Macau, or 64 percent of Macau’s population.
Macau’s pataca is pegged to the Hong Kong dollar at HK$1=1.03 patacas. While the pataca is Macau’s sole legal tender, the Hong Kong dollar has been the city’s customary tender for decades.
