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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 -
Taiwan premier ties future cash payments to economic outlook
Premier Chen Chien-jen addresses potential cash payments to the public in response to economic conditions for 2025 and 2026 during a Legislative Yuan hearing. Discussions highlight the government’s focus on National Health Insurance, labor insurance, and subsidies for Taiwan Power Company, with implications for Taiwan’s social policy and fiscal decisions in the future.2024/03/06 15:46 -
Taiwan announces budget surplus for 7th straight year
Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.2024/01/25 16:34 -
THSR expands payment options to include credit cards
The Taiwan High Speed Rail (THSR) has announced that it will now accept credit card payments for on-board ticket upgrades, push-cart sales, and station bento counter services. Passengers can also use their Easycard or iPASS to purchase items from the pushcart and high-speed rail bento boxes. However, THSR advises that Easycard and iPASS are only suitable for small payments, and on-board ticket upgrades should be paid for with a credit card or cash. Furthermore, THSR will be introducing a new hot beverage called "Taiwan Sugar Highland Small Farmer Coffee" on January 1, 2024. This coffee, made with beans from the Guatemala Antigua region, will be available from the first to the seventh day of each month, while illy coffee will be served on other days. THSR also cautions that unstable internet connections on board may cause credit card transactions to fail and asks for passengers’ understanding.2023/12/26 15:56 -
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 -
Taiwan divided on prospects of NT$6,000 cash rebate
The Taiwanese government recently announced that citizens will receive a one-off NT$6,000 cash payment due to a national tax revenue surplus, but public opinion remains divided on whether this would actually help locals and their businesses.2023/01/10 20:16