What's New in Payments

Banks back government-led Taiwan Pay QR payments service

Banks offer ministry’s Taiwan Pay services — Taipei Times — “Taiwan Pay aims to provide more convenient, quicker payment services using QR code technology via smartphones, which have become a necessity in daily life,” deputy minister of finance Su Jain-rong told a news conference… The ministry spearheaded the development of Taiwan Pay to help the nation become a regional technology hub and to compete with Apple Pay, Samsung Pay and Android Pay.”



NFC World

Taiwan TSM plans face opposition

Easycard logo

The decision, taken yesterday by Taiwan’s Fair Trade Commission, to grant conditional approval for Taiwan’s five carriers and transit card issuer EasyCard to set up a national TSM joint venture for NFC payments and ticketing has not been universally welcomed... More