The Financial Supervisory Commission yesterday granted an operating license to All Win Co (全盈支付金融科技), an electronic payment start-up owned by Taiwan FamilyMart Co (全家便利商店), E.Sun Commercial Bank (玉山銀行) and PChome Online Inc (網路家庭).
The start-up must commence operations within six months of obtaining the license, Banking Bureau Chief Secretary Phil Tong (童政彰) told a news conference.
All Win is 67 percent-owned by FamilyMart, with E.Sun Bank owning 18 percent and Pi Mobile Technology Inc (拍付國際), an affiliate of PChome Online, holding a 15 percent stake, the commission said.
FamilyMart president Hsueh Dong-du (薛東都) is to serve as chairman of All Win, and E.Sun
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Rakuten International Commercial Bank Co (樂天國際銀行) is partnering with Pi Mobile Technology Inc (拍付國際) on mobile payments by integrating Pi’s mobile wallet into its banking app, the Web-only bank said on Thursday.
Rakuten said its new cashless service would be available at supermarkets, convenience stores, department stores, pharmacies and online stores.
The Pi mobile wallet links to users’ credit cards, debit cards or bank accounts.
Payments are limited to NT$50,000 per use, NT$100,000 per day and NT$200,000 per month, the bank said.
“We need to expand our ecosystem if we want to be as successful as our affiliate, Japan’s Rakuten Bank,” Rakuten International chief