Tap to Pay on iPhone: Keep pace with Taiwan’s tech-savvy consumers

Mobile wallets are a popular payment method in Taiwan among today’s tech-savvy consumers, becoming a preferred choice for day-to-day transactions across various sectors. From supermarkets to street vendors, and from public transport payments to online transactions, mobile wallets are a common sight.

Regulatory bodies and financial institutions have also worked hard to improve Taiwan’s payment infrastructure. This, along with more people using smartphones and the internet, has made mobile wallets indispensable for merchants and customers.

Key facts

• In Taiwan, the government has set an ambitious target of achieving 90% mobile payment adoption by 2025.
• The average transaction value for mobile wallet payments in Taiwan is projected to be TWD 1,471 per transaction in 2024, with a total volume increase of approximately 30%.
• Nearly 40% of smartphone users are already using mobile payments in Taiwan, with Line Pay, Apple Pay and Taiwan Pay (台灣Pay) being the most popular.

The shift toward digital payment methods

The benefits of Tap to Pay on iPhone for SMEs

Small and medium-sized enterprises (SMEs) like yours are reaping substantial benefits from the Tap to Pay on iPhone technology. Gone are the days of point-of-sale (POS) terminal rentals that carry recurring fees. The introduction of tap-to-pay technologies has simply freed you from this financial strain.

Another key advantage of tap-to-pay technology is mobility. In crowded settings, you can effortlessly collect payments without retrieving a separate POS device. Instead of carrying around additional hardware and dealing with Bluetooth or cable connections, you can use a smartphone equipped with built-in near-field communication (NFC) technology. With a simple tap, transactions are seamlessly processed, enhancing convenience for both you and your customers.

And while security remains a major concern in mobile payment collections, you can rest assured that our Tap to Pay on iPhone solution is compliant with the Payment Card Industry Data Security Standard (PCI DSS). This certification represents the highest level of security standards recognized globally by international card scheme associations.

The added benefits of Tap to Pay on iPhone for corporate businesses

Tap to Pay on iPhone is also beneficial to corporate businesses because it easily integrates with the software used for your chained group merchant operations. Through SDK integration, you can improve coordination between payment acceptance and your retail operations. By integrating the Tap to Pay on iPhone app with in-store POS retail management software, you can automate the transaction acceptance process seamlessly with operations, inventory management, CRM and ECR systems.

Global Payments – Your payment partner of choice

Global Payments is one of the official acquiring partners of Tap to Pay on iPhone in Taiwan. By leveraging our expertise in mobile payment acceptance, we empower businesses like yours to capitalize on the growing popularity of digital payments with additional value-added services:

• Premium contactless payment experience: It takes only seconds to complete a transaction and receive payments from NFC contactless credit cards and mobile payments.
• Credit card installment payment plans: When you accept credit card installment payments from multiple card-issuing banks on iPhone, you can allow customers to split their purchases into selected tenors.
• SDK payment gateway: Developers can seamlessly connect iPhone payment apps to backend systems, like POS retail management and inventory systems. This allows payment amounts to be automatically sent to merchants' iPhones, making it simple to collect payments and manage operations in one place.

Are you ready to start taking payments from your iPhone? Get started today!

Learn more about Tap to Pay on iPhone

Disclaimer: The content of this column is for general reference only. Global Payments Asia Pacific does not make any form of representation or warranty as to the accuracy, reliability and completeness of the above content. Under no circumstances will Global Payments Asia Pacific be liable to any loss or damage of any merchants or customers arisen by using or relying on any information provided in this column. 本欄的內容僅供一般參考。環匯亞太不對以上內容信息的準確性、可靠性和完整性作出任何形式的陳述或保證。在任何情況下，環匯亞太均不對任何商戶或客戶因使用或依賴本欄提供的任何信息而造成的任何損失或損害承擔任何責任。