EasyCard – Mobility Payments

Taiwan’s EasyCard Chief: Open Loop Will Have Only ‘Marginal Impact’ on Island Nation

The head of Taiwan’s largest transit and retail stored-value card contends that open-loop payments will not make a significant impact on the island nation, given Taiwan’s strong closed-loop card programs and the expense of rolling out acceptance for credit cards and credentials.

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Taiwan’s EasyCard Chief Sees Little Threat to Fare Payments Business from Fintechs

EasyCard Corp., Taiwan’s dominant transit e-purse, is not worried about fintechs taking away a significant share of its fare payments business and, in fact, is in talks to work with the country’s most popular e-payments fintech, Jkopay, the head of EasyCard said.

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Taiwan’s Dominant Transit Purse Struggles with New E-Payments Landscape

EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting market shares of nearly three-quarters of transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation.

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More Open-Loop Transit Payments Services to Launch in Taiwan

Taiwan’s airport train service will begin accepting Visa- and Mastercard-branded credit cards starting in January 2020, making it the second mass-transit service on the island nation to support open-loop payments for fares.