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23 January, 2019
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Taiwan Cooperative Bank Partners with Visa to Offer QR Code Payments

8 October 2018
The two entities have partnered to offer Taiwan's first standardised QR code payments service.

Taiwan Cooperative Bank has teamed up with Visa to implement Taiwan’s first standardised and EMV-compliant QR code payment service. The new solution will be among the first large-scale deployments of standardised QR Code payments in Taiwan, and will cover more than 8,000 TCB acceptance points.

The tie-up will allow TCB Visa credit card holders to sync their cards with the Taiwan Mobile Payment app and pay by scanning QR codes at checkout, a solution which is increasingly gaining popularity in the market. The partnership will also allow users to scan a QR code when paying credit card bills, utilities, insurance premiums, tuition fees, flight tickets, taxes and using numerous other services.

Chung-Dar Lei, Chairman of TCB, said: "This is a significant milestone for mobile payment in Taiwan. TCB is proud to be the first financial institution in Taiwan to carry out the first EMV-compliant QR Code payment. This roll-out will boost the bank's already extensive acceptance footprint due to standardized QR Code's cost-effectiveness as a payment method. We hope to help further advance Taiwan's mobile payment for the benefits of all."

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