FSC to ensure ShopeePay customers' data is secure

ShopeePay Taiwan Co (蝦皮支付) and Cathay United Bank (國泰世華銀行) have been targeted by the Financial Supervisory Commission (FSC) over information security and consumer protection, after lawmakers yesterday raised concerns about the e-commerce platform possibly being funded by Chinese investors.
ShopeePay and Cathay United recently partnered to issue cobranded credit cards, which reward consumers up to 4 percentage points for anything they spend on the platform.
The company’s collaboration with a local bank raised concerns over whether consumers’ data could be leaked to behind-the-scene Chinese investors, Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) told a meeting of the legislature’s Finance Committee in

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