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Taiwan to launch TPASS 2.0 for cheaper public transport
Discover Taiwan’s new TPASS 2.0 scheme aimed at making public transportation more affordable with a 40% discount on national highway buses and plans for mobile payment systems by 2030.2024/06/13 10:31 -
Mobile payments in Taiwan embrace global reach
Explore how Taiwan is leading the charge in mobile payment adoption, with over 12 million users benefiting from international collaborations like PXPay and PayPay. This shift towards digital transactions signifies a broader global expansion trend, enhancing consumer experiences and security.2024/03/22 16:24 -
LINE Pay soars 195% in market debut, hits NT$1030
LINE Pay, a mobile payment provider, had a successful over-the-counter market debut in Taipei, with shares soaring 195% from the listing price of NT$348 to a record high of NT$1030. The company’s financial documents reveal a capital of NT$600 million and earnings per share of NT$8.04 in 2022. LINE Pay’s revenue for 2022 reached NT$3.62 billion, demonstrating consistent growth over the past four years. With over 500,000 payment locations and more than 7 million active users out of 12 million customers in Taiwan, LINE Pay predicts that its revenue will increase to NT$4.78 billion in 2023. Notably, nearly half of the population in Taiwan are LINE Pay users. In terms of revenue share in 2023, transaction fee income accounted for 83%, financial promotion collaborations for 12%, and marketing product sales for 5%, according to LINE Pay’s statement.2024/01/26 17:23 -
Police identify 68 victims in cardless installment scam
Taichung City Police have identified 68 victims of a cardless installment scam involving purchases of electronic products. Two suspects, both surnamed Lin, including a communications store owner, have been arrested for targeting university students in central Taiwan. The police seized evidence including mobile phones, computers, cash, passbooks, and contract documents. The suspects deceived students by promising them NT$5,000 cash for purchasing electronics through cardless installments, but the victims discovered the deceit when they received payment notifications from debt collectors.2023/10/28 18:06