Pi Mobile Technology Inc (拍付國際), a subsidiary of PChome Online Inc (網路家庭), yesterday launched new offering with E.Sun Bank (玉山銀行) to court clients as they seek to catch up with rivals in the payment market.
Pi wallet credit card holders can expect bonus credits equivalent to 1 percent of their income tax in PChome’s P-coins with a cap of 2,000 P-coins if they pay their income taxes with co-branded credit cards this year, Pi and bank officials said at a news conference yesterday.
The lender issued the credit card in August last year to tap the mobile payment market.
A 2.5 percent P-coin return rate is offered with any purchase, while a 3 percent return rate is offered from today to Aug. 31 with purchases made abroad as Pi looks to boost its credit card usage.
In related news, a credit card issued by CTBC Bank Co (中國信託銀行) in partnership with Line Pay offers a 1 percent return rate in Line points, a decline from the 2 percent return rate offered last year.
Line Pay yesterday said that it would cancel expiration dates for redeeming Line points issued from the CTBC credit card from Wednesday next week.
CTBC bank in February was ahead of its peers with more than 6 million Line Pay credit cards issued, while E.Sun Bank had almost 5 million Pi wallet credit cards, data showed.
PChome chairman Jan Hung-tze (詹宏志) said that the company has issued more than 800 million P-coins since last year through various mechanisms, with each P-coin equal to NT$1.
“We expect to issue about 2 billion [P-coins] this year” Jan added.
PChome said 55 percent of P-coins have been redeemed offline, while the remaining 45 percent are redeemed online.
The company said that its clients can now redeem P-coins at more than 55,000 physical stores.
The company is also aggressively expanding the P-coins’ offline ecosystem into various areas, such as department stores, highway rest areas, fast food chains, cafes, beverage stores, bookstores and restaurants, as well as seeking partnerships with YoWoo Food Delivery (有無外送), Edenred Taiwan (宜睿票券), Syntrend Creative Park (三創生活園區) and Hsin Tung Yang Co (新東陽).
Pi Mobile chief operating officer Luke Han (韓昆舉) said that the company is planning to partner with Uni-President Group (統一集團 ) in the second half of the year and with another subsidiary of PChome, consumer-to-consumer platform Ruten.com (露天拍賣).
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS