MGTO: Shopping festival to help revive economy

The Director of the Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, has expressed her confidence that the upcoming Macau Shopping Festival will help the city out of the current economic recession.
When revealing that tourists had started spending more time in Macau, the tourism official also pointed out that tourists will have more chances to consume.
“The festival will help local businesses to commence stable revivals,” Senna Fernandes said.
The effects of the Covid-19 pandemic have struck Macau heavily, but local people have been working hard to overcome the challenges. It is hoped that the situation will improve continuously, the tourism official added.
She also recalled that the government has joined with several e-commerce platforms, mainly from mainland China, to attract tourists and encourage them to extend their duration of stay in Macau.
The tourism official commended the shopping festival’s organizing committee for picking a timely moment to hold the event. “The festival is a shot in the arm for local businesses,” the official remarked. “It also provides [a platform] for them to carry on.”
In its 10th edition this year, the Macau Shopping Festival highlights both large brands and local small and medium sized enterprises (SMEs) – from the six gambling concessionaires and major shopping malls, to traditional small bakeries and independently-owned cafes.
This year’s festival will rely heavily on e-payment methods, such as local mobile payment gateway MPay, and Chinese credit card Union Pay and its mobile payment method Cloud QuickPass.
In addition, Chinese mobile payment gateways AliPay and WeChat Pay, as well as local payment gateway ICBC Macau e-payment and BOC Macau Smart Pay, will also be included. It means that the festival’s partnership does not include Visa and Mastercard, which are also widely accepted in Macau.
Electronic lucky draws and immediate discounts will be offered by the respective e-payment gateways during the shopping festival as incentives, which totaled to MOP8.3 million.
Each payment of at least MOP300 through MPay will offer customers a chance to participate in an e-lucky draw, which gives out e-coupons as prizes so as to encourage further consumption.
Users of ICBC Macau e-payment will receive discounts every time they pay with the gateway, up to as much as MOP188.
On top of the incentives provided by payment gateways, larger enterprises will run their own promotions, too.
For example, coinciding with the duration of the shopping festival, incentives provided by premium shopping mall One Central will include a cash rebate of as much as 7% for every dollar over MOP10,000 spent at the mall.
Meanwhile, members of the shopping mall will be able to earn reward points for every dollar spent on transactions from as little as MOP100 on accommodation, dining experiences and spa treatments at the Mandarin Oriental Macau.
The Macau Shopping Festival will run from December 1 to 31.

Second e-voucher injects nearly MOP2.9b into the market

As of November 24, the second phase of the consumption card scheme, which started on August 1 and is still running, has generated more than 36 million transactions and MOP2.88 billion, the government recently announced.
The amount spent by local residents in the second phase of the scheme so far takes up about 88% of the budget reserved for the scheme. About 64% of the money was spent at small to medium sized enterprises (SMEs).
As for the first phase, which started on May 1 and ended July 31, it generated MOP1.87 billion worth of consumption across the city. A similar percentage as in the first phase was spent at SMEs during the second phase.
The two phases of the scheme have recorded consumption amounts of up to MOP4.75 billion so far, with about MOP3 billion spent on SMEs.
Nearly 660,000 residents have either topped up their consumption card in the second phase of the scheme or obtained new cards. The number of users in the second phase of the scheme has been greater than the first.
The technology provider, Macau Pass, has pledged that it would not take any handling fees in the first phase but will resume taking fees in the second. The decision was defended by the government, justifying the decision on the grounds that Macau Pass is a commercial business and has salaries to pay.