More businesses using contactless payment methodsBy Kao Shih-ching / Staff reporterMore small merchants, stores and vendors have adopted contactless payment methods amid rising domestic COVID-19 infections. Line Pay Taiwan said that most of them are small or medium-sized stores or online merchants, which are generally more hesitant about accepting virtual payments than larger stores. A convenience store worker scans a QR code on a customer’s phone to complete a transaction in Taipei on Nov. 6, 2019. Photo: Lee Ching-hui, Taipei TimesBank SinoPac (永豐銀行) said that about 1,000 retailers and vendors have applied for and begun adopting the bank’s QR code payment tool since the beginning of this year, with the total number of stores using the tool increasing to 4,000. A survey conducted by Taipei Fubon Commercial Bank (台北富邦銀行) has shown that more than 85 percent of respondents would prioritize using mobile payment tool over other payment means, while another 78 percent said that the number of stores accepting mobile payments is still low.

Source: Taipei Times May 25, 2021 15:56 UTC