Cross-border E-wallet Business in … Helps Guangdong and Macao Fight the Epidemic Together
In the past two months, the frequency of nucleic acid testing has increased significantly for Macau residents who need to travel frequently between Guangdong and Macau for other reasons, such as work, as a result of the recurring epidemic in several Chinese provinces and cities. Many Macau residents use Macau's local e-purse app to make payments for nucleic acid tests in Zhuhai, while also enjoying the benefits offered by e-purse agencies.
To support the national strategy of building the Guangdong-Hong Kong-Macao Greater Bay Area and further enhance the mobile payment experience of Macau residents during their stay in the Mainland, back in 2019, on the occasion of the 20th anniversary of Macau's return to the motherland, the NetsUnion platform, a national financial infrastructure, jointly opened the "Greater Bay Area cross-border e-purse business" with Bank of China, Bank of China Macau Branch and Macau Pass "It enables Macau residents to make cross-border payments at Bank of China merchants in Zhuhai, Zhongshan and Jiangmen with BOC Macau's "BOC Mobile Banking App" and MacauTone's "Macau Wallet App". The vision of "one wallet APP to travel throughout the Greater Bay Area" is becoming a reality step by step.
In this cooperation, the NetsUnion platform provides unified technical standards and business rules to the cooperating parties, and transfers transaction funds between e-wallet institutions in Macau and Bank of China in the Mainland, truly realizing mutual recognition and scanning of barcode payments in cross-border scenarios.
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