Taiwan Government Accepting Apple Pay Applications from Banks

According to a new report by DigiTimes, Taiwan’s Financial Supervisory Commission has started collecting applications from banks for providing Apple Pay services in the country. The source claims that users in Taiwan will be able to sign up for Apple’s mobile payments service by the end of 2016.

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The source adds that Taiwan’s leading banks are expected to start offering Apple Pay when it becomes available. Some of the Taiwanese banks who have reportedly submitted Apple Pay applications include CTBC Bank, Cathay United Commercial Bank, E.SUN Commercial Bank and Taishin International Bank.

The commission pointed out that the credit card will be the only payment method for Apple Pay initially, while other tools such as debit cards may be allowed later.

Meanwhile, another report is suggesting that Russian banks and retailers have also been testing Apple Pay for several weeks, and an official launch could allegedly happen as soon as next week.

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