Radio Taiwan International
Date: 2017-11-24

Premier William Lai says the government wants 90% of the public to use mobile payment

90% of public using mobile pay by 2025: Premier (CNA photo)

methods by 2025.

The economics ministry held a trial mobile pay session at Taipei’s central train station on Thursday and Friday. Lai said at the event that the government seeks to achieve a penetration rate of 90% by 2025.

“We plan to amend and relax certain laws to help foster a mobile-pay-friendly ecosystem. We will also integrate appropriate cyber security measures [into the system]. Taiwan’s tech industry has a strong foundation, and our digital economy has been growing fast. I believe that we will be able to hit our target as long as we work together towards the same goal,” said Lai.    [FULL  STORY]