Others

Credit and debit cards on the rise amid dwindling mobile payments

Tuesday 09 de May 2023 / 12:00

⏱ 1 min read

(Macau).- The Monetary Authority of Macao has released statistics today that indicate an 1.3 percent increase in the total number of personal credit cards and debit cards issued by banks in Macau during the first quarter of 2023.

Credit and debit cards on the rise amid dwindling mobile payments

Both credit card and debit card turnover experienced quarter-to-quarter growth. However, the number and value of transactions of local mobile payment devices fell on a quarterly basis.

According to the authorities, the total number of personal credit cards issued by banks in Macau reached 1,724,841 at the end of March 2023, up by 1.3 per cent from the previous quarter.

The total number of debit cards issued by local banks also rose by 2.2 per cent quarter-on-quarter to 2,156,407.

Credit granted by banks reached some MOP49.5 billion (US$6.13 billion) at the end of March 2023, up 1.7 per cent from the end of 2022. Meanwhile, credit card receivables amounted to MOP2.5 billion, with rollover totaling MOP746.9 million, accounting for 30 per cent of the receivables.

Credit card turnover for the first quarter of 2023 totaled MOP5.5 billion, showing an increase of 10.9 per cent from the previous quarter. Credit card repayments, including payments for interest and associated fees, also rose by 3.5 per cent quarter-on-quarter to MOP5.5 billion.

However, the number of transactions carried out by local mobile payment tools decreased by 4.3 per cent from the previous quarter to 69.6 million in the first quarter of 2023, with those transactions down 1.4 per cent to MOP7.2 billion.

Categoría:Others

Tags: Sin tags

País: Macao

Región: Asia

Event

SBC Summit 2026

29 de September 2026

Eeze Drives Latin American Expansion After SBC Summit 2026

(Lisbon, SoloAzar Exclusive).- Diego Verano, Business Development Director at Eeze, discussed the company's participation in SBC Summit 2026, the business opportunities that emerged during the event, and Latin America's growth potential. He also highlighted the reception of Eeze's products, the presentation of Fortune Drop, and the company's priorities for consolidating its international expansion ahead of 2027.

Monday 19 Oct 2026 / 12:00

The Future of Sports Engagement Beyond the Court

The SBC Summit in Lisbon highlighted how technology is transforming the relationship between sports and fans. In this column, Robson Silveira, Senior Sales Executive at Sportradar, explores the role of artificial intelligence, real-time data, and innovation in creating more immersive and personalized experiences for sports audiences.

Friday 16 Oct 2026 / 12:00

Ninja Gaming Focuses on Innovation and Global Growth After SBC Summit

(Lisbon, SoloAzar Exclusive).- Natalia Arredondo Fredes, Marketing Manager at Ninja Gaming, highlighted the company's focus on in-house game development, strategic partnerships, and international expansion following its participation as an exhibitor at SBC Summit 2026. The event provided an opportunity to showcase its gaming portfolio, connect with operators and industry professionals, and explore new business opportunities across Europe, Latin America, and Asia.

Friday 16 Oct 2026 / 12:00