16-Jan-18, Taipei Times
The government’s goal of increasing the adoption of cashless payments to 90 percent by 2025 could be achieved five years ahead of schedule, Visa said, as the company expands the role of credit and debit cards using its technology.
%20VISA.jpg "Visa is optimistic on Taiwans goal of 90pc cashless payments (c) VISA")
Image: VISA
The firm has rolled out a unified global standard for QR codes and vendors have quickened the pace of upgrading to contactless payment terminals, Visa country manager for Taiwan Marco Ma said.
About 70 percent of consumers are willing to adopt contactless credit card payments, Ma said, adding that 80 percent of local banks have made their systems compatible.