As an international free port, Macau enjoys a free and open economic and trade environment, free currency exchange, efficient financial regulation, and a close connection between its legal system and the global capital market. In the process of innovating finance, the Macau government has focused on building various financial asset trading platforms, promoting the service of the bond market and financing leasing market, and forming a mismatch with the Shenzhen Stock Exchange and Hong Kong Stock Exchange in the Greater Bay Area, forming its own unique advantages.

The Macau Renminbi Real Time Settlement System (RTGS) is an important platform for promoting the prosperity and development of financial activities in Macau. Since its development, it has continuously assisted in the real-time settlement of local interbank RMB payments and cross-border RMB payment businesses in Macau. It can provide the following services:

√ Real time settlement of local RMB payment business

√ Fully automated processing of RMB payment business in the local area

√ Real time settlement of RMB cross-border settlement and payment business with mainland China

√ Overseas bank fund settlement services (RMB payment)

With the rapid development of the global financial payment system and the transformation of SWIFT message types, in order to effectively avoid settlement risks that may arise in the future and stabilize the financial market, Yanlian Computing, a subsidiary of Yinyan Technology Service Group, undertook the reconstruction and renovation of the Macau infrastructure project - the Macau People's Currency Real Time Settlement System (RTGS), which was successfully launched by the end of January 2024!

After the launch of the RTGS renovation, the maximum daily processing volume of payment services can exceed 50000 transactions per day, the peak processing volume of payment services can exceed 5000 transactions per hour, and the number of concurrent users should be ≥ 300.

Continue to provide efficient services for local cross-border business in Macau, including payment settlement function, clearing account management function, business management function, system information monitoring and management function.

The system also supports SWIFT access and regional metropolitan area network access, in conjunction with other specialized payment platforms of the Monetary Authority, to achieve various payment and settlement activities between local banks in Macau.

After the renovation and upgrade, the system added MX message types on the basis of the original support for MT format messages, and the two formats can be converted to each other. Simultaneously supporting SWIFT and PMTS networks, participants can initiate and receive various business types such as payment services, information services, account management, and web management.

Yinyan Technology has always been committed to promoting the interconnection of financial infrastructure in Guangdong, Hong Kong, and Macao, providing more convenient and efficient financial services for enterprises and residents in the Bay Area.

In the future, we will actively respond to the financial development strategy of the Guangdong Hong Kong Macao Greater Bay Area, using the Macao RMB real-time settlement system as a bridge to deepen exchanges in the financial field. Through continuous innovation and improvement, we will provide Macao with more high-quality and customized financial products and services, meet the diversified and differentiated needs of the Greater Bay Area economy, and work together with all sectors of the Bay Area to write a new chapter in cross-border financial development.

What is the MTS system closely related to the Macau financial market? Come and take a look!