Chunghwa Telecom sets up office for Web bank bid

Taipei Times
Date: Oct 04, 2018
By: Lisa Wang  /  Staff reporter

Chunghwa Telecom Co (中華電信) and its partners have set up a preparatory office as they prepare to seek one of two licenses for the virtual banking business the government is to issue later this year, the telecom said yesterday.

The initial team includes three other shareholders, Mega International Commercial Bank (兆豐銀行), Shin Kong Financial Holding Co (新光金控) and supermarket chain operator Pxmart Co Ltd (全聯實業), the company said in a statement.

More strategic partners might be introduced later to broaden the team’s business scope, it said.

“The preparatory office for Web-only banking business was formed today, aiming to offer new financial and online payment services on a new and innovative financial platform in the digital era,” Chunghwa Telecom chairman David Cheng (鄭優) said in the statement.

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