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EDITORIAL: Electronic payments still an outlier The number of electronic payment users in Taiwan surpassed 10 million in August last year, and reached 11.4 million at the end of November an increase of about 75 percent from a year earlier. The sharp increase reflects e-payment service providers’ aggressive promotion of non-cash payment methods, and shows that more people are using contactless payment amid the COVID-19 pandemic, the Financial Supervisory Commission has said. Non-cash payment methods comprise credit and debit cards, electronic stored-value cards, electronic payments and mobile payments. While non-cash payment is becoming more popular, its penetration rate last year missed the government’s target of 52 percent, a goal it set in 2015 when the Act Governing Electronic Payment Institutions (電子支付機構管理條例) took effect aiming to double the rate in five years.

Financial supervisory commissionVisa taiwan coAct governing electronic payment institutionsAct governing issuanceElectronic stored value cardsTriple stimulus vouchersThe taipei timesநிதி மேற்பார்வை தரகுவிசா டைவாந் இணைநாடகம் ஆளும் மின்னணு கட்டணம் நிறுவனங்கள்மின்னணு சேமிக்கப்பட்டது மதிப்பு அட்டைகள்மூன்று ஸ்டிம்யுலஸ் வவுச்சர்கள்தி தைப்பே முறை