The Monetary Authority of Macau (AMCM) has instructed ATM operators to refuse cash withdrawal services to China UnionPay (CUP) customers from mainland China if their ATMs do not allow face-recognition verification.
UnionPay cash card holders from the mainland must now undergo "Big Brother"-style facial verification when withdrawing cash from ATMs to “protect the legal interests of financial institutions and … cardholders”, the AMCM said in a statement on Monday.
From today, “ATMs without ‘know-your-customer (KYC)’ techniques installed [should] suspend cash withdrawals services for Mainland CUP cards,” the statement said.
“Relevant services will be resumed as soon as the KYC function is installed.
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