In the fourth quarter of 2024, the total amount of local mobile payment transactions in Macau reached 8.2 billion Macau Patacas, an increase of 8.4% from the previous quarter.

21:12 07/02/2025

On February 7th, the statistics released by the Monetary Authority of Macau showed that in the fourth quarter of 2024, the number and amount of transactions made through local mobile payment tools both increased on a quarterly basis.

On February 7th, the statistics released by the Monetary Authority of Macao showed that in the fourth quarter of 2024, the number and amount of transactions using local mobile payment tools increased quarterly. At the same time, the total amount of credit card and debit card transactions also recorded quarterly growth. In the fourth quarter of 2024, the number of transactions using local mobile payment tools was 100 million, an increase of 13.5% from the previous quarter; the total transaction amount was 8.2 billion MOP (Macanese Pataca), an increase of 8.4% from the previous quarter, with an average transaction amount of 82.4 MOP. By the end of 2024, there were a total of 108,905 terminals and QR code displayed for local mobile payments. By the end of 2024, the total credit amount approved by Macao banks was 49.9 billion MOP, an increase of 0.3% from the previous quarter. The total receivables for credit cards amounted to 2.8 billion MOP; among them, revolving credit accounted for 790 million MOP, equivalent to 27.9% of the total receivables at the end of the period. On the other hand, the delinquency ratio, measured by comparing the overdue accounts exceeding three months to the total receivables, decreased from 2.8% at the end of September 2024 to 2.6%. In the fourth quarter of 2024, the total amount of credit card transactions in Macao was 6.2 billion MOP, an increase of 0.4% from the previous quarter; among them, cash advances amounted to 160 million MOP, equivalent to 2.5% of the total transactions. The number of credit card transactions was 12.68 million, an increase of 8.1% from the previous quarter. The total repayment amount, including interest and fees, was 6.2 billion MOP, a decrease of 2.3% from the previous quarter. Additionally, the number of debit card transactions excluding cash withdrawals was 1.2 million, with a total amount of 5.5 billion MOP.

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100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.