Paymentwall adds Line Pay, JkoPay, EZPay, Apple Pay, and TaiwanPay in Taiwan to the list of over 160 supported local payment methods, and makes them available for businesses worldwide, providing instant access to over 10 million Taiwanese online shoppers.
The top three digital-wallets: Line Pay, Apple Pay, and JKoPay, together hold more than 60 percent of the entire Taiwan mobile payments market, with Line Pay taking up the majority with 22% share. Line Pay has over 7.3 million users in Taiwan, with over 150,000 online stores and retail shops already accepting this payment method in Taiwan.
These newly added payment methods will be mainly provided for digital goods and services worldwide, such as gaming, e-commerce, SaaS, software, and more. According to the Taiwan Development Council, the mobile payment penetration rate in Taiwan market reached 62.2 percent in 2019, up more than 10 percent from the previous year. Mobile payment users aged 26-35 in Taiwan take up 76.7 percent in 2019. And this young age group is found of global consumptions, and love to try digital goods or services.
Through a single API integration with Paymentwall, merchants of digital businesses in Europe, the US, Latin America, Southeast Asia, and the Middle East will be able to process Line Pay, Apple Pay, JKoPay, EZPay, and Taiwan Pay alongside any of 160 supported payment methods at the flick of a switch, without the need for a local entity in Taiwan market. The integration for these payment methods also include:
- No chargebacks.
- TWD processing.
- USD settlement.
- Full reporting and reconciliation.
Paymentwall has been active in the Greater China region since the establishment of the Beijing office in April 2015, and since then partnered with many well-known companies across the region, such as Tencent, NetEase, Huawei, Qihoo360, and Youzu to connect local end-users to global businesses with seamless payments experience. Paymentwall already provides direct integration with local Taiwanese payment methods, including WeChat Pay, AliPay, MyCard, etc. The newly supported mobile payment options will further complete the coverage and capability of Paymentwall in the Taiwanese market.
Please note, that ApplePay in Taiwan is currently available for in-person purchases with Face ID for selected industries. Get in contact with our team if you would like to activate ApplePay in Taiwan.
About Paymentwall
Paymentwall is a global payment platform. The platform allows millions of people around the world to make payments using not only credit cards but also 160 local payment methods, including bank transfers, local cards, e-wallets, and prepaid cards.
Through 16 offices globally located in San Francisco, Las Vegas, London, Berlin, Lisbon, Sofia, Cairo, Kyiv, Moscow, Manila, Hanoi, Beijing, Shenzhen, Seoul, Gurgaon, and Bangalore, Paymentwall provides its merchants and their end-users support in over 30 languages. Paymentwall’s call centers, risk and fraud prevention divisions, and merchant support teams work 24/7, 365 days a year to assist you. To find out more about Paymentwall, please visit www.paymentwall.com.