Archive

_2018-06-07
The recent crack down on Union Pay terminals along with a wider threat of increased capital controls will likely weigh on sentiment, noted Bernstein o

_2016-07-24
Illegal transactions using UnionPay terminals in Macau reached a total of MOP 2.1 billion (US$262.8) in 16H1. According to Lusa, which cites data from

_2016-05-09
In the latest attempt to crackdown on money-laundering, Macau banks are requiring some merchants to upgrade Union Pay terminals to ones that contain I

_2016-02-03
Macau authorities have carried out another raid against retailers illegally using mainland UnionPay terminals in Macau. Over MOP280 million (US$35 mil

_2015-09-29
Analysts are seeking to assess the implications of the latest run of bad news out of Macau, with Morgan Stanley remaining cautious, but concluding tha

_2015-09-28
China's State Administration for Foreign Exchange (SAFE) has announced new annual limits on UnionPay cash withdrawals outside of China, an indication

_2015-08-25
Shops in Macau using the authorized UnionPay system are in danger of becoming more restrictive when taking in new customers, which would impact casino