Photo: Lee Ching-hui, Taipei TimesThat some consumers chose to redeem their Triple Stimulus Vouchers via mobile payment services could also boost online transactions, the commission said. It was the first time that transactions through e-payment services outperformed those via mobile credit cards, the data showed. Mobile credit cards reported the second-largest transactions, with NT$36.6 billion in the first seven months, followed by mobile debit cards with NT$35 billion, mobile point-of-sale (mPOS) with NT$2.7 billion and electronic stored-value cards with NT$1 billion, the data showed. Although mobile payments still make up a comparatively small part of non-cash payments, which surpassed NT$3 trillion last year, they are expected to continue growing this year, the commission said. Taiwan started mobile payment services in 2016, with accumulated transactions reaching NT$299.1 billion as of the end of July, the data showed.

Source: Taipei Times October 01, 2020 15:56 UTC