Macau has completed integration with the multi-central bank digital currency bridge (mBridge) system, establishing an efficient, secure, and low-cost cross-border payment and settlement channel.

According to the Beijing Business Daily, the Monetary Authority of Macao announced that Macao has completed system integration with the multi-central bank digital currency (CBDC) bridge project, mBridge, and officially launched local banks’ “on-bridge” transactions on June 2. This move aims to establish an efficient, secure, and low-cost cross-border payment and settlement channel.