Android Pay, a mobile digital wallet platform developed by Google, launched in Taiwan on Thursday. Taiwan becomes the world's 13th country and Asia's fourth market to have the new service.
Users of smartphones or tablet computers equipped with Near Field Communication (NFC) function, Android KitKat 4.4 or more advanced operating systems will have access to the new service. Holders of Visa and MasterCard credit cards issued by two Taiwanese banks, CTBC Bank and First Commercial Bank, can make use of the service. Thousands of stores islandwide are also joining the service.
According to Google Taiwan, 62% of consumers in Taiwan have made purchases over the internet, posting about US$38 billion in aggregate transaction value to date.
Android Pay is the third major foreign mobile payment platform available in Taiwan, following the launch of Apple Pay in March and Samsung Pay in May.
Source: Radio Taiwan International