The Group primarily operates through its indirect wholly-owned subsidiary — Macau Pass (Macau’s leading payment service provider) — to deliver contactless payment card and ancillary services, e-wallet services and acquiring services. By strengthening Macau’s payment ecosystem, the Group drives the upgrade of local digital lifestyle services while expanding cross-border payment capabilities to facilitate cross-border consumption.

● mCard

The most widely used contactless smart payment card in Macau, with over 5.5 million cards issued to date, is accepted across Macau’s entire public transportation system and nearly 30,000 consumption points. It covers core consumption scenarios including transportation, retail, dining, and entertainment. On December 4, 2024, Macau Pass joined the China T-Union system, launching the “Macau Pass – China T-Union mCard”, which is now usable on public transport in over 300 cities across Chinese Mainland covered by the China T-Union network. Subsequently, products like the “Lingnan Pass – Macau Pass China T-Union Card” and the “Shenzhen-Macau Intercity Card” have been introduced, advancing interoperability in the Greater Bay Area’s transportation sector.

● MPay e-wallet

As a one-stop digital lifestyle service platform, the MPay e-wallet operated by Macau Pass has grown to approximately 1.5 million registered users and developed into a comprehensive Super APP covering diverse scenarios including dining, transportation, tourism, entertainment, shopping, finance, routine payments, automated parking fee payments, and cross-border services and payments. Furthermore, MPay supports cross-border payment functions in nearly 60 countries and regions, with newly added support for linking Hong Kong and Macau UnionPay credit cards. In August 2024, to facilitate Macau residentsu’ cross-border consumption, MPay introduced a Cross-Border Zone that integrates about 70 mainland mini-programs such as Amap Ride-Hailing, Meituan Takeout, and transit QR code of Guangzhou Metro.

● Acquiring Services

The Group’s subsidiary Macau Pass is also one of the leading merchant acquirers in the local market, currently covering approximately 90% of local merchants in Macau. Macau Pass’s acquiring services support travellers from over 10 overseas countries and regions to use their home country’s e-wallets in Macau. In early 2025, Macau Pass partnered with Alipay to pioneer the introduction of "Alipay Tap" payment services at Macau Sands Resort. Subsequently, this service was rapidly expanded to cover more than 1,000 merchant stores across various industries.