Sands China and the Bank of China Macau Branch have unveiled plans to issue a co-branded UnionPay credit card next month, to be targeted at Macau residents and offering high-end leisure and entertainment privileges and benefits.
According to Sands China, the cooperation 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-Macao Greater Bay Area, and the newly released general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin.
It also seeks to enhance payment convenience while supporting the recovery of the tourism industry.
Through the collaboration, the two parties will leverage their respective strengths to provide the public with better and more convenient leisure, entertainment and payment experiences, Sands China said.
The cooperation was formalised at a signing ceremony on Tuesday, attended by Dave Sun, Senior Vice President and Chief Financial Officer of Sands China Ltd, and Chan Hio Peng, Deputy General Manager of Bank of China Macau Branch.