E-payment Regulations Relaxed, Implemented in Q4

Reported 12 months ago

The Financial Supervisory Commission in Taiwan announced three major relaxations for e-payment services, which will be implemented in the fourth quarter. The changes include expanding the scope of automatic deduction without a specified amount, allowing e-payment binding for platforms like food delivery, taxis, and parking services, and permitting outsourced operations to utilize cloud services. These adjustments aim to meet the increasing demand for contactless transactions and accommodate the expanding e-payment industry, facilitating various payment options for consumers.

Source: YAHOO

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