• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Daiwa details Macau’s new UnionPay monitoring

Dec 18, 2015 Newsdesk Latest News, Macau, Top of the deck  


Daiwa details Macau’s new UnionPay monitoring

Brokerage Daiwa Securities Group Inc has outlined in a note what it says are details of the new real time monitoring system in Macau for payments made via China UnionPay Co Ltd bank cards.

The monitoring system was announced on December 11 by the Monetary Authority of Macao (AMCM).

The authority’s announcement came shortly after media reports stating that UnionPay had issued a memo ordering a clampdown on illegally modified point of sale (POS) units.

Daiwa said in its Thursday note: “The AMCM has selected a list of 40 merchants considered high risk due to business nature/volume and has delivered this list to all banks. This list is said to be not final and will increase in time.”

The note, by analysts Jamie Soo, Adrian Chan and Jennifer Wu, added that a new POS device would be introduced by UnionPay, according to details on the new rules unveiled by the AMCM in a seminar for representatives from banks in Macau.

“These new POS devices have an ID capturing feature, and a customer will be asked to scan his/her ID [document] to confirm identity before every UnionPay transaction.”

Daiwa said this procedure would only be applicable to “China issued [i.e. mainland] UnionPay cards”.

The brokerage said that other new conditions to be imposed included only two POS “systems” per merchant in total, with a “maximum two different acquiring banks” per merchant. POS devices will also have to be “certified” before they can be operated in Macau – although Daiwa said no details were available of what form that certification would take.

Daiwa said additionally that banks would be required to prepare and sign new agreement terms with their clients before installing new POS systems in Macau.

The brokerage added in its Thursday analysis and referring to the Macau casino industry: “Though we note that there are still issues to be resolved before this new system becomes fully operational, the above measures are nevertheless negative on the use of UnionPay devices as a method to access liquidity.”

Deutsche Bank AG had said in a note on Sunday that the “long-held common practice” in Macau of gamblers using local watch and jewellery shops to access cash via UnionPay bank cards “may be at risk”, under the new regulatory environment.


  • tweet
Related articles
  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  

  • China bet-aid ban a Macau junket worry, JP Morgan says
    China bet-aid ban a Macau junket worry,...

    Dec 30, 2020  

More news
  • Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch
    Singapore 2024 casino revenue to rise...

    Dec 07, 2023  

  • Pragmatic Play launches Lucky 6 Roulette with a twist
    Pragmatic Play launches Lucky 6...

    Dec 07, 2023  


Latest News

Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch

Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch

Dec 07, 2023  

Fitch Ratings Inc expects gaming revenue in Singapore’s duopoly casino market to expand by 10 percent year-on-year in U.S. dollar terms in 2024, “following a return to over 15 percent higher than...
Read More
Pragmatic Play launches Lucky 6 Roulette with a twist

Pragmatic Play launches Lucky 6 Roulette with a twist

Dec 07, 2023  

McFadden now senior advisor for development at SJM Resorts

McFadden now senior advisor for development at SJM Resorts

Dec 07, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”If they [Star Sydney] can’t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close”

New South Wales Independent Casino Commission



Most Popular

  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parentBen Toh COO of SJM Resorts, Christopher Ip CFO at parent December 6, 2023
  • LVS to pay up to US$250mln to boost control in Sands ChinaLVS to pay up to US$250mln to boost control in Sands China December 6, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • Soil remediation work starts at MGM Osaka siteSoil remediation work starts at MGM Osaka site December 5, 2023
  • Sands China ties to China’s Tencent Video, Maoyan EntSands China ties to China’s Tencent Video, Maoyan Ent December 4, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us