Though Macau’s local market is limited yet the online trading is growing rapidly. The online business started in the year 2015 and is still growing. More and more SMEs are venturing into e-commerce business due to competitive price and easy accessibility. The popular products in online category include: red wine, electronics, clothes and food. Many online payment providers have entered the market for secured online payments. Around 50% of online customers are Mainlanders while others are from Macau.
Macau is called “Monte Carlo of the Orient” as it is famous hub for gambling and there is a report of 5.8% of growth (2018) to the economy due to gambling. The online gambling is legal in Macau provided there is a Macanese license obtained to run the same. The online gambling revenue comes from offshore sites. Now to play online, these sites don’t accept MOP (Macanese Pataca) and need credit or debit card payments. The selection of right payment gateway processors really helps as exchange rates are much higher. We, at QuadraPay, would help in choosing the suitable payment providers to add more profit to your online gambling experience. Read more details on online gaming/gambling merchant account.