By Kao Shih-ching / Staff reporterEasyCard Corp (悠遊卡) yesterday said it would launch a new electronic payment service in the fourth quarter after the Financial Supervisory Commission approved its license application on Monday. EasyCard, the biggest electronic stored-value card in the nation, plans to launch the new service in the fourth quarter, Ting Chen (陳亭如), who was promoted to chairwoman last month, said in a statement. “We think that cash is our biggest rival, and we have to provide a tool that is convenient enough for consumers to feel that they can only live with an electronic payment service,” Chou said. Asked if the company would promote the new service by offering reward points, Chou said that EasyCard would release more details after setting up a preliminary mechanism. The company also accounted for 73 percent, or NT$5.61 billion (US$182 million), of total spending using electronic stored-value cards in December last year, the data showed.

Source: Taipei Times February 13, 2019 15:56 UTC