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Sands China Ltd. and BOC Macau Sign New Credit Card Agreement
Sands China Ltd. and BOC Macau Sign New Credit Card Agreement
UnionPay co-branded credit card to be launched in October
(Macao, Sept. 15, 2021) – Sands China Ltd. and Bank of China Macau Branch announce that they have joined hands to issue the first co-branded UnionPay credit card targeting Macao residents. The signing ceremony was held yesterday at the Bank of China Building, with the agreement signed by Dave Sun, Senior Vice President and Chief Financial Officer of Sands China Ltd. and Chan Hio Peng, Deputy General Manager of Bank of China Macau Branch. Through the collaboration, the two parties will leverage their respective strengths to provide the public with better and more convenient leisure, entertainment and payment experiences.
The BOC Sands Lifestyle co-branded UnionPay credit card is expected to be officially launched in October, with a focus on supporting the recovery of the tourism industry. It offers an array of high-end leisure and entertainment privileges and benefits, which will help further build Macao as a diversified world centre of tourism, culture and leisure.
The cooperation between Bank of China Macau Branch and Sands China Ltd. is in line with the initiative of "jointly promoting connections between electronic payment systems in the Greater Bay Area" as proposed in the Outline Development Plan for Guangdong-Hong Kong-Macao Greater Bay Area, and the newly released general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin.
Through UnionPay's extensive payment network, Bank of China Macau Branch will offer cardholders payment convenience and various benefits and privileges, develop new digital payment products to better meet residents' local and cross-border financial needs, facilitate the interconnection of people and capital in the region, and contribute to the development of the Greater Bay Area and the Guangdong-Macao in-depth cooperation zone in Hengqin.
Bank of China Macau Branch and Sands China Ltd. have an extensive track record of strategic partnership. With shared goals of continually seeking to improve client services, the two parties have maintained close ties in the area of financial services, actively working with the government in its initiatives. These include developing Macao as a smart city, continuing to enhance payment provision in areas including shopping, dining, accommodation and transportation, and offering smart financial services to local residents and businesses. Moving forward, Bank of China Macau Branch will deliver more high-quality products and services to promote the development of Macao's financial industry and contribute to the city's economic and social stability.
Sands Resorts Macao allows guests to enjoy thrilling European-themed travel and leisure experiences at The Londoner® Macao, The Venetian® Macao and The Parisian Macao, with spectacular recreations of world-famous landmarks. Guests can enjoy affordable luxury accommodation at eight superb hotels, a world of cuisine at more than 150 restaurants, duty free shopping with approximately 850 retailers, top international entertainment including immersive interactive experience teamLab SuperNature Macao, and Europe's most Instagrammable landmarks.
Photo Caption: The signing ceremony for the first co-branded UnionPay credit card issued jointly between Sands China Ltd. and Bank of China Macau Branch, for Macao residents, was attended by Dave Sun, Senior Vice President and Chief Financial Officer of Sands China Ltd. and Chan Hio Peng, Deputy General Manager of BOC Macau.
Photo Caption: Senior executives attending the signing ceremony for the BOC Sands Lifestyle co-branded UnionPay credit card at the Bank of China Building included (left to right): Venus Huang Jia Yu, Head of Integrated Resorts Business Division, Corporate Banking Department of Bank of China Macau Branch; Perry Lau, Vice President of Treasury and Casino Credit, Sands China Ltd.; Chen Yan Yu, Deputy General Manager, Digital Finance Department of Bank of China Macau Branch; Kelly Ip, Vice President of Loyalty Marketing, Sands China Ltd.; Chan Hio Peng, Deputy General Manager of Bank of China Macau Branch; Dave Sun, Senior Vice President and Chief Financial Officer of Sands China Ltd.; Yu Jian, General Manager, Digital Finance Department of Bank of China Macau Branch; Gary Lee, Director of Loyalty Marketing, Sands China Ltd.; Sabrina Choi Ieng Chi, Deputy Director, Digital Finance Department of Bank of China Macau Branch.
