EQS-News: AGTech and Macau Pass committed to promote Macau Government's Electronic Consumption Benefits Plan

AGTech and Macau Pass committed to promote Macau Government's Electronic Consumption Benefits Plan

The Macau SAR government has recently announced a new round of electronic consumption benefits plan to be launched in June, aiming to boost the economy in the wake of the ongoing COVID-19 pandemic. On May 4, Macau Pass Holding Ltd. ("Macau Pass") committed their support to promote the latest round of economic aid, with its three customer service centers providing assistance to services like registration, add value to consumption card, authentication of authorized identity, and activation of MPay electronic wallet (“MPay”) to youth account.

Macau Pass has also extended its resources to launch more MPay promotion campaigns and payment discounts, hoping to reduce the impact of the epidemic on residents and maximize assistance to merchants.

Man Wong, deputy general manager of Macau Pass, has announced the launch of a series of electronic consumption promotions via the use of MPay. Macau Pass believes that through the "third round of electronic consumption benefits plans" and a number of MPay discounts, it can continue to maximize benefit of economic assistance to merchants and residents. In particular, MPay consumption can earn mCoin points, and consumption coupons can be used to attract merchants and drive their business.

More than 90% of MPay’s registered users are local residents. Macau Pass has the highest coverage and the largest transaction volume in Macau. Currently, there are more than 21,000 retail locations supporting Macau Pass. In 2020, total amount of mobile transactions has exceeded MOP15 billion. ​

AGTech Holdings Limited (8279.HK) has completed the acquisition of Macau Pass recently, and under the support of the new shareholder, Macau Pass will continue to invest into Macau’s mobile payment application and promote the popularity of "Simple Pay", support the development of merchants with the aid of mobile payment advantage, and improve the business environment and volume.

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About AGTech Holdings Limited

AGTech was incorporated in Bermuda and its Shares are listed on GEM (Stock Code: 8279). AGTech is an integrated technology and services company engaged in electronic payment, lottery, mobile games, entertainment and marketing technical services and non-lottery hardware supply with a focus on Mainland China and Macau. As a member of the Alibaba Group, AGTech is the exclusive lottery platform of Alibaba Group and Ant Group.

The Group’s businesses were broadly divided into four principal categories:

(i) Lottery:

(a) lottery hardware sales;

(b) lottery distribution through physical channels and ancillary services;

(ii) Electronic Payment:

(a) Provision of payment card services and ancillary services;

(b) Provision of e-wallet services;

(c) Provision of acquiring services for other payment platforms;

(iii) Games, entertainment and marketing technical services；

(iv) Non-lottery hardware supply.

AGTech is an associate member of the World Lottery Association (WLA) and Asia Pacific Lottery Association (APLA).

For more information, please visit www.agtech.com