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Discover all the payments and fintech-related news and analysis about Taiwan in The Paypers News, Reports, along with other Taiwan-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Taiwan in The Paypers News, Reports, along with other

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Taiwan's LINE Bank gets operational license

News | Online & Mobile Banking | 05 Feb 2021

Taiwan-based LINE Bank has announced that it has been granted an operational license by Taiwan’s Financial Supervisory Commission for launching an internet-only bank.

LINE Bank, Taiwan, digital banking, online banking, mobile banking, internet bank, retail banking

Taiwan regulator allows banks to enter second stage of Open Banking

News | Online & Mobile Banking | 11 Jan 2021

Taiwan’s FSC (Financial Supervisory Commission) has granted approval to seven banks allowing them to participate in the second phase of Open Banking.

Taiwan, Open Banking, FSC, API, consumer data, TPP, mobile banking, banks, personal info

FEIB gains open banking approval

News | Online & Mobile Banking | 14 Dec 2020

Far Eastern International Bank has become the nation’s first lender to gain regulatory approval to offer open banking services, according to Taipei Times.

FEIB, Open Banking, wealth management, data, banking

COVID-19 accelerates ecommerce growth in Taiwan, says GlobalData

News | Ecommerce | 18 Nov 2020

Global Data has revealed that he ongoing COVID-19 pandemic and the subsequent social distancing measures undertaken by the government have further accelerated the ecommerce growth in Taiwan.

Global Data, research, Taiwan, COVID-19, pandemic, ecommerce, PChome, Momo.com, cards, alternative payment methods, Line Pay, Apple Pay, retailers

AuthMe partners with Microsoft Taiwan in market expansion

News | Digital Identity, Security & Online Fraud | 07 Oct 2020

Microsoft Taiwan has held Microsoft for Startup Demo Day, focusing on partnering with AuthMe, a Taiwan based startup.

AuthMe, Microsoft Azure cloud platform, KYC, AML, ID authentication, Deep Learning technology, ID-as-a-Service

Ingenico, TurnCloud to offer payment solution for retailers in Taiwan

News | Ecommerce | 21 Sep 2020

Ingenico and TurnCloud have joined forces to offer a new Android solution for retailers in Taiwan.

Ingenico, retail, in-store payments, payment terminal

The payment cards market growth from Taiwan is expected to sustain the COVID-19 outbreak

News | Cards | 22 Jul 2020

GlobalData has revealed that the value of card payments in Taiwan is estimated to grow by 5.6% in 2020.

GlobalData, research, card payments, Taiwan, stimulus measures, triple stimulus, cardholders, credit card, debit card, ecommerce, online purchases, COVID-19

Rakuten teams up with IBF Financial to establish a joint venture in Taiwan

News | Online & Mobile Banking | 21 May 2020

Japan-based ecommerce company Rakuten, together with IBF Financial have set up a joint venture in Taiwan.

Rakuten, IBF Financial, banking, Taiwan, Japan, ecommerce, Rakuten International Commercial Bank, RICB, Taipei, electronic banking, Rakuten Card, online banking

Mobile payment penetration in Taiwan exceeds 60 percent in 2019

News | Mobile Payments | 30 Jan 2020

The mobile payment penetration rate in Taiwan has reached 62.2% in 2019, up more than 10% from the previous year, Taiwan News reports.

Taiwan, mobile payments, smartphones, digital wallet, Payment Apps

ezTravel joins Amadeus' NDC [X] to spearhead innovation with NDC-enabled API

News | Ecommerce | 25 Feb 2021

ezTravel, Taiwan’s leading online travel agency (OTA) has announced implementing the Amadeus Travel API.

Amadeus, ecommerce, API

Fime seeks to replace passwords with FIDO biometric accreditation in Taiwan

News | Digital Identity, Security & Online Fraud | 03 Mar 2021

Fime has announced it extended its portfolio of biometric consultancy and testing services to its Taiwan laboratory. 

FIME, FIDO, expansion, online security, biometrics

Avaloq helps Taipei Fubon with technology platform

News | Online & Mobile Banking | 05 Jan 2022

Taipei Fubon Bank has partnered with Avaloq to build an integrated technology platform for its private banking business.

online banking, digital banking, KYC, mobile banking

Sygna Hub launches AML/CFT solution for crypto

News | Digital Identity, Security & Online Fraud | 28 Apr 2022

Taiwan-based blockchain security firm CoolBitX has unveiled Sygna Hub, an AML/CTF-focused product to help virtual asset service providers (VASPs) meet evolving crypto regulations.

AML, CFT, virtual asset, FATF, cybercrime, cybersecurity

E.SUN Commercial Bank announces benefits for binding vouchers to its products

News | Mobile Payments | 19 Jul 2021

E.SUN Commercial Bank has announced benefits for binding vouchers to its products, such as an additional 1% payback and paybacks of up to 10% for designated channels. 

product launch, loyalty programme, e-wallet, online payments, mobile payments

InComm Payments rolls out App Store Card in Taiwan

News | Cards | 18 Oct 2021

US-based payments technology company InComm Payments has announced the distribution of App Store Card in Taiwan in partnership with convenience store chain Hi-Life.

InComm Payments, product launch, retail, expansion, POS, prepaid card

Blockchain startup XREX raises USD 17 mln

News | E-invoicing, SCF & E-procurement | 23 Aug 2021

Taiwan-based blockchain startup XREX has raised USD 17 million in pre-Series A funding led by CDIB Capital Group.

blockchain, startup, transactions , trade finance, cross-border payments

Taiwan's KryptoGO gets USD 3 mln in seed round

News | Cryptocurrencies | 26 Jul 2022

Taiwan-based regulatory technology (regtech) developer and non-custodian (DeFi/NFT) wallet provider KryptoGO has raised a total of USD 3 million in its seed funding round.

regtech, DeFi, NFT, crypto

Taiwan bans crypto buying with credit cards

News | Cryptocurrencies | 08 Aug 2022

Taiwan’s Financial Supervisory Commission (FSC) has asked credit card companies to ban payments for crypto-related purchases, as the regulator believes these assets are risky and speculative. 

financial institutions, financial services, CBDC, digital wallet, digital currency, credit card, debit card, cryptocurrency, cryptocurrency exchange, crypto, crypto asset, NFT, digitalisation

Citi sells Taiwan consumer banking presence to DBS

News | Online & Mobile Banking | 01 Feb 2022

Singapore-based DBS has decided to buy Citi’s consumer-banking business in Taiwan for cash equivalent to the net assets transferred plus a premium of roughly USD 704.2 million, according to Banking Dive.

Citi, acquisition, retail banking

The Central Bank of Taiwan accelerates CBDC research

News | Cryptocurrencies | 04 Mar 2022

The Central Bank of Taiwan (CBT) has accelerated its research into the development of a Taiwanese central bank digital currency (CBDC).

CBDC, central bank, digital currency, digital assets