Electronic payment system drives e-commerce to become a trillion-dollar industry and invigorate Taiwan's economy.

Electronic payment system drives e-commerce to become a trillion-dollar industry and invigorate Taiwan's economy.

Premier Mao Zhiguo attended the "Electronic payment first year Certification ceremony"

(Taiwan's TB News Network / reporter Chen Nianzu) Premier Mao Zhiguo said at the "first year of Electronic payment Certification ceremony" on August 28 that electronic payment and third-party payment mechanisms are important infrastructure in the financial system. It is hoped that the introduction of this system will accelerate the promotion of e-commerce into a trillion-dollar industry, invigorate Taiwan's overall economy, and promote industrial development.

Premier Mao Zhiguo said that the core of the electronic payment and third-party payment mechanism is that it is an electronic version of collection and payment, which increases more possibilities than the traditional manual receipt and payment. operators can also use the mechanism for other cross-border applications, in addition to connecting operational processes such as receiving and issuing orders.

Premier Mao Zhiguo pointed out that in the e-commerce market, electronic payment platforms are of great benefit to both consumers and operators. Not only do consumers have more choices in the e-commerce market, but also when operators expand their business, they can take advantage of the characteristics of electronic payment sharing platforms with third-party mechanisms, and can be used without the need to develop a new system, especially for micro enterprises. President Mao further said that according to the data of the FSC, the electronic payment and third-party payment market will grow by more than 20% after the second half of 2015.

Premier Mao Zhiguo thanked all colleagues who promoted the electronic payment platform, including the Financial Management Commission and other relevant ministries, the Association of Banks and participants, for jointly promoting the birth of the system, hoping to open up a new path for Taiwan's future.

▲ electronic payment system drives e-commerce to become a trillion-dollar industry and invigorates Taiwan's economy.