Use of mobile payment increases: NCCC

  • By Kao Shih-ching / Journalist

In the first three quarters of last year, payments through mobile tools accounted for a fifth of all payments made with a credit card in Taiwan, up from 15.5% in 2020, as more merchants and consumers have adopted the contactless method, data released early last year. months by the National Credit Card Center (NCCC) showed.

While the ratio of payments via mobile tools to total credit card payments during the period January to September increased from 4.9% in 2020 to 7.8% last year, the percentage is remained low because people were using mobile payment tools for minor purchases, the NCCC data showed.

Among the two types of mobile payment tools, QR code payments dominated, accounting for 67.2% of the market, while push payments accounted for 32.8%, the agency said in a report.

JkoPay and Line Pay require users to scan a QR code or barcode to make a payment, while Apple Pay, Google Pay and Samsung Pay are among those that use touch payments, where mobile wallets use the technology. Near Field Communication (NFC), the agency mentioned.

“Installing a device that accepts QR code payments is less expensive and requires less sophisticated technology than installing a device that accepts payments by push, prompting more stores to adopt the payment system by QR code, “the report reads.

“The push-to-pay tool is more intuitive and easier for people to use – its advantages over the QR code payment system – but that hasn’t helped it capture a larger share of the market, because many people have made a habit of scanning QR codes from using the government’s real name registration system during the COVID-19 pandemic, ”he said.

QR code payments have grown at double-digit percentage rates for nine consecutive months last year, he said.

However, the average transaction amount via Instant Payments was NT $ 580, while the average amount via QR Code payments was NT $ 524, as most of the people shopping in department stores used Instant Payments. , according to the report.

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