The Guangzhou Branch of the People's Bank of China launched the Guangdong-Macao cross-border electronic bill information exchange system on December 14 to provide more convenient services to Macao residents in Zhongshan.

Instead of going to local service halls or opening a bank account in the mainland to deposit funds, Macao residents living in Zhongshan can receive bills and pay living expenses through online banking services or mobile banking services with 10 Macao banks, including Tai Fung Bank and the Macao Branch of the Bank of China.

At present, the first cross-border payments include water bills, cable bills and property management fees. The first pilot banks to undertake payment business involve three mainland banks including China Guangfa Bank, and in the future services will be further extended to include insurance, medical care, education, transportation, and other living expenses.