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Next stimulus round should be digital: DPP
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《TAIPEI TIMES》 Next stimulus round should be digital: DPP - 焦點
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E-payment across systems might start next quarter
By Kao Shih-ching / Staff reporter
Users of different electronic payment services, such as those by Jkopay Co (街口支付) and Line Pay Money, would from next quarter be able to transfer money across systems via a new platform, the Financial Supervisory Commission said on Thursday.
The commission announced that amendments to the Act Governing Electronic Payment Institutions (電子支付機構管理條例) are to take effect from July 1, allowing money transfers across different e-payment providers.
The commission has assigned the Financial Information Service Co (財金公司) to set up a virtual platform to enable the transfer, with state-run Taiwan Cooperative Bank (合庫銀行) assigned to address the flow of funds between different e-payment companies, it said.
2021/03/06 19:20 Taiwan is reviewing money transfer systems for foreign workers Taiwan is reviewing money transfer systems for foreign workers (CNA photo) Two companies will soon be able to apply for formal licenses for an experimental money transfer service that they were permitted to set up in 2019 mainly to accommodate migrant workers, according to the county s financial regulator. When the amended Act Governing Electronic Payment Institutions takes effect in July, institutions other than banks will be permitted to apply for licenses to provide outward remittance services, the Financial Technology Development and Innovation Center (FTDIC) said recently. This will include two companies Welldone Co. in Taipei and startup EMQ Ltd. in Hong Kong that received permission from Taiwan s Financial Supervisory Commission (FSC) in January 2019 to offer money transfer services on a trial basis, using
Taiwan poised to license experimental outward remittance service
03/06/2021 07:02 PM
CNA file photo for illustrative purpose only
Taipei, March 6 (CNA) Two companies will soon be able to apply for formal licenses for an experimental money transfer service that they were permitted to set up in 2019 mainly to accommodate migrant workers, according to the county s financial regulator.
When the amended Act Governing Electronic Payment Institutions takes effect in July, institutions other than banks will be permitted to apply for licenses to provide outward remittance services, the Financial Technology Development and Innovation Center (FTDIC) said recently.
This will include two companies Welldone Co. in Taipei and startup EMQ Ltd. in Hong Kong that received permission from Taiwan s Financial Supervisory Commission (FSC) in January 2019 to offer money transfer services on a trial basis, using new financial technologies, the FTDIC said.
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