Cross-platform e-payment to launch next month to boost digital paymentsBy Kao Shih-ching / Staff reporterA new system established by Financial Information Service Co Ltd (FISC, 財金公司) is set to launch next month, allowing users to transfer money between different e-payment platforms, a change that would help boost digital payment transactions, the Financial Supervisory Commission said on Thursday. The nation’s eight e-payment companies with full operational licenses are required to join the “cross-platform e-payment system” before the end of this month, the commission told a news conference. All eight e-payment service providers have run tests of their interfaces with the FISC system and they are expected to join on time, the commission said. Should all eight e-payment companies join the system successfully, their combined 12 million users would benefit, as they would be able to transfer money more conveniently, it said. Currently transfers between e-payment users is only viable when the users use the same e-payment service provider — a Jko Pay user cannot currently transfer money to a user of Line Pay Money.

Source: Taipei Times September 24, 2021 15:56 UTC