About
Taiwan Pay is Taiwan's common bank QR payment brand, launched on 16 November 2017 by the Financial Information Service Co. (FISC), the interbank clearing company, with 12 banks at launch. Shoppers scan a merchant's shared QR code in a participating bank's app or the Taiwan Mobile Payment app and pay directly from a linked debit (ATM) card account; it also handles P2P transfers, utility bills and taxes. It now forms part of TWQR, a single QR code that also accepts other banks' and e-payment firms' codes such as LINE Pay. In 2025 TWQR handled about 150 million transactions worth roughly NT$710 billion across 54 financial institutions and 10 e-payment firms.
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