Cross-platform e-payment to launch next month to boost digital payments taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Credit card spending increases as online shopping thrives taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
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.