Reported 11 months ago
The Financial Supervisory Commission is relaxing e-wallet binding restrictions, allowing platforms like Foodpanda/UberEats, Agoda, taxi services, App Store/Google Play to be linked to e-wallets starting in the fourth quarter. With the growing demand for contactless transactions due to the pandemic, the number of users of electronic payment platforms has more than doubled since the implementation of the laws governing electronic payments and electronic tickets in 2021. The Commission's law amendments aim to accommodate the evolving payment needs of the public, enabling broader e-wallet usage in various payment scenarios such as food delivery and transportation platforms.
Source: YAHOO