Transactions carried out by local mobile payment tools retreated by 4.3% from the relatively high base in the previous quarter, to 69.6 million in the first quarter of this year, according to data from Monetary Authority of Macao.
The transaction value dropped by 1.4% to MOP7.2 billion, while the average amount per transaction was MOP103.2.
At the end of March 2023, mobile payment terminals and QR code signs totaled 98,100, an increase of 3.0% from the end of 2022.
For the first quarter, credit card credit limits granted by banks in Macau reached MOP49.5 billion, up 1.7% from the end of 2022. Credit card receivables amounted to MOP2.5 billion, of which the rollover amount totaled MOP746.9 million, representing 30% of credit card receivables. Credit card repayments, which includes payments for interest and fees, rose quarter-to-quarter by 3.5% to MOP5.5 billion. Debit card transactions other than cash withdrawals grew 1.1% to 330,000. Staff Reporter
