Sun, Dec 19, 2010 - Page 2 News List

Electronic receipts set to begin a trial run at select stores

Staff Writer, with CNA

Electronic invoices will soon be available for the first time at brick-and-mortar stores on a trial basis, as part of a government plan to gradually replace paper receipts with e-invoicing by 2012, the Ministry of Finance said.

Customers who shop with smart cards or store membership cards at 27 designated 7-Eleven and Hi-Life convenience stores, or at Pxmart supermarkets, yesterday began to have their purchase information and invoice numbers automatically transferred to a database operated by the ministry’s Financial Data Center, Minister of Finance Lee Sush-der (李述德) said.

Other devices with built-in chips or radio-frequency identification, such as watches and cellphones, will also be used for e-invoicing in later stages of the project, Lee added.

About 11.5 billion invoices are printed every year, according to statistics. If 8 billion paper receipts could be replaced by electronic invoices a year, 80,000 trees could be saved, Lee said.

In an attempt to conserve resources, the ministry has decided to push for comprehensive e-invoicing to make shopping more convenient and eco-friendly.

The reform is estimated to reduce the invoice process cost by NT$7.4 billion (US$248 million) between this year and 2013. The reduction is forecast to reach as much as NT$120 billion once the whole country is using paperless invoices, Lee added.

Two further stages of the e-invoicing trial will take place at more shops and retailers in March and June, the ministry said.

Currently, online shops, TV shopping channels and -business-to-business firms have all already taken advantage of electronic billing since the ministry set up an e-invoice platform in 2006.

This story has been viewed 5219 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top