Microsoft recently Teamed with AMIS and Industrial Technology Research Institute of Taiwan (ITRI) and formed the first blockchain consortium network on Azure. Meanwhile, Microsoft was also in collaboration with many banks such as Fubon Financial. After a short period of one and a half month, Microsoft furthered blockchain technology into a new area and announced…
UnionPay International has joined hands with Bank of Taiwan, Taiwan Cooperative Bank, CTBC Bank and Yuanta Bank in providing an exclusive privilege of service fees exemption for online tuition payment via UnionPay cards so as to satisfy the needs for secure and convenient tuition payment of mainland students who study in Taiwan. The number of…
Mozido has unleashed its new host card emulation (HCE) product, Mozido HCE. Additionally, Taiwan Mobile Payments. (TWMP) has chosen Mozido as provider for its HCE and tokenization services to its consortium of 27 Taiwanese banks and financial institutions.
UnionPay International is accelerating the process of chip migration of its acceptance network in Taiwan, with HSBC Taiwan, is enabling all of its ATMs to accept UnionPay chip cards. The UnionPay card business in Taiwan started in 2009 and now 98% of the local ATMs are now able to accept UnionPay cards.
China’s UnionPay has beefed-up “QuickPass” in Taiwan with more than 300 merchants in Jinmen, Matsu and Penghu by a deal inked with Taiwan Cooperative Bank. So far, over 1,000 POS terminals of Taiwan Cooperative Bank can accept UnionPay “QuickPass” in Taiwan.
The highest-status JCB card designed for the affluent market in Taiwan, by a leading bank Hua Nan Bank, is here. The first JCB Eternity card offers, among other benefits, free airport limousine to and from international airports in Taiwan.
China UnionPay International has launched an online ticket booking service with UnionPay credit cards in cooperation with Taiwan High Speed Rail. Also, CUPI launched a UnionPay card payment service for shopping on China Airlines flights.
The Taiwanese cards and payments industry demonstrated regular growth over the past few years, with the growth encouraged by a number of factors such as banking infrastructure development and growing awareness of electronic payments. Besides, wider acceptance of payment cards at POS terminals and wider adoption of contactless cards also supported the industry growth.
China UnionPay (CUP), Cathay United Bank (CUB) and other institutions are going full throttle to expand EMV card acceptance at ATMS throughout Taiwan. POS terminal upgrades to EMV will likely reach 80% of merchants by the end of this year.
Gemalto has teamed up with Chunghwa Telecom, the largest operator in Taiwan with 10 million subscribers, to secure their mobile NFC services . This commercial launch, supported by MasterCard and four leading Taiwanese banks, uses Gemalto’s UpTeq Multi-tenant NFC SIM and embedded software to host mobile payment and Mifare transit purse on a single card.
Online shopping in Taiwan will soon be made simpler with the launch of MasterPass, MasterCard’s global digital payment solution, on November 19. MasterPass eliminates the need to enter detailed payment and shipping information with every purchase, and simplifies and speeds up the process of completing a transaction from any connected device.
Across Asia Pacific, clients are demanding flexible solutions that can integrate with a variety of back-end payment systems with minimal disruption to day-to-day operations. BofA and GPAP have come to rescue.