Taiwan News
Date: 2017/01/31
By: George Liao, Taiwan News, Staff Writer

Taipei (Taiwan News) — Experts on Tuesday warned Taiwanese stores accepting cross-border mobile payments via Alipay of leaks of sensitive business information, urging Taiwan to speed up its participation in the local mobile payment market.

Alipay, a third-party online payment platform of e-commerce giant Alibaba Group Holding Ltd, was launched in Taiwan in December 2015, and the platform is aimed at Chinese tourists visiting Taiwan. In just a little over one year, the number of stores in Taiwan joining Alipay has broken the 20,000 mark, which is far greater than the number of stores using local online payment platforms.

It’s common to see the Chinese version of the “welcome to pay by Alipay” sign posted in stores in the Sun Moon Lake area and night markets around Taiwan.  [FULL  STORY]