abstract:The Macau Pass (formerly the Transmac IC Card) is a contactless smartcard, first introduced by Transmac in 1999, that can be used to pay for bus fares, shop, and dine with many more merchants to join the system.
Even if Macau can pass muster with Wall Street and U.S. regulators, the bigger question may be what it portends for China whether its roguish success rides on the kinds of epic corruption that the Party recognizes as one of its most urgent threats.