TAIPEI, TAIWAN - Media OutReach - 30 August 2021 - Global Payments Inc. (NYSE: GPN), a
leading worldwide provider of payment technology and software services, today
announced the launch of Global Payments Mobile Tap, a new smartphone-based
payment acceptance solution for merchants in Taiwan.
Sean Fu, Senior Vice President of Greater China with Global Payments Asia Pacific
Global Payments Asia Pacific Mobile Tap, a new smartphone-based payment acceptance solution for merchants in Taiwan
With Global Payments Asia Pacific Mobile Tap, merchants can turn NFC-enabled Android smartphones or tablets into portable handheld payment terminals, enabling contactless payments.
With Mobile Tap, merchants
can turn NFC-enabled Android smartphones or tablets into portable handheld
payment terminals. The solution provides merchants and
consumers with a digital, contactless payment option that addresses health
concerns and evolving consumer preferences. According to the Market Intelligence & Consulting
Institute in Taiwan, mobile payments have increased 42% in Taiwan since
the pandemic began while cash payments have fallen 33.4%.
Payment use cases for Mobile Tap include delivery services, exhibition
related businesses, pop-up stores, taxis, food stalls, home repair providers
"We strive to provide cutting edge digital payment options to Taiwan's
small business owners and individual sellers," said Sean Fu, Senior Vice
President of Greater China with Global Payments Asia Pacific. "We pride
ourselves in the role we play helping entrepreneurs build stronger local
economies and vibrant communities. We will continue delivering market-leading
payments and software solutions so businesses can cultivate their vision of
Card association partners including Visa Taiwan and MasterCard Taiwan
are the official solution providers Global Payments engaged to help offer
Mobile Tap to merchants.
"The pandemic accelerated consumer digital payment adoption," said
Michelle Jao, General Manager of Visa Taiwan. "According to Visa Net data in
July 2021, eight out of every 10 payments transactions in Taiwan were
contactless. Our collaboration with Global Payments Asia Pacific will help
businesses digitize their payments offerings and bring more efficiency to their
operations, enabling them to participate in digital commerce as it continues to
evolve. Visa will continue to support efforts to drive higher adoption of
mobile payments, which brings greater financial inclusion to everyone."
pandemic has wholly changed the payments ecosystem," said Eva Chen, Country
Manager, Taiwan Mastercard. "According to a Mastercard online survey, over 75%
of consumers have been using mobile payment methods more frequently since the
pandemic. Therefore, it is urgent to enable digital transformation for
merchants. Our partnership with Global Payments Asia Pacific will help
merchants from traditional markets and shopping areas -- including taxis and street
vendors -- turn their mobile phones into contactless enabled terminals,
allowing consumers to enjoy a secure and convenient payment experience."
Soft Space, the official developer partner of Visa Taiwan and Taiwan
MasterCard, also plays an important role in Global Payments Mobile Tap,
providing front-end application development and back-end integration.
"The launch of Global Payments Mobile Tap in Taiwan shows that our
solution fits even one of the most competitive acquiring markets in the world,"
said Joel Tay, Chief Executive Officer of Soft Space. "Alongside Global
Payments, Visa, and MasterCard, we're helping the contactless payment culture to thrive as
merchants adopt our innovative, low-cost and secure payment technology."
Global Payments has begun offering Mobile Tap to restaurants, food
delivery and exhibition sellers. Others will be added on a rolling basis.