Octopus card use to be extended to Macau
The Octopus card, Hong Kong's electornic wallet, is expected to launch in Macau and Shenzhen by the end of this year.
Card holders may be able to conudct transcations using the card, with exchange rates of one to one. However, top-up services will not be available.
A convenience store told Macao Daily News that the operator had contacted them to seek for possibilities of collaboration, but it expected that card holders from Hong Kong would use the cards rather than holders from Macau, because of differences in currency.
Meanwhile, a local bakery chain spoke to the newspaper of the worries associated with the introduction of the new system.
Macau Pass had once contacted the bakery chain, but their offer was turned down because of “unclear operations” of the system.
The bakery told the newspaper that differences in existing financial management system also deterred them from introducing the electronic wallet.
Macau Pass is the only provider for electronic wallet in Macau so far. It can be used on buses operated by Transmac. A separate set of cards with the same system is also issued to students and staff of the Macau University of Science and Technology.
Transmac and the Macau University of Science and Technology are owned by the same local firm.
