Line Pay Money, the electronic payment service offered by LINE Biz+ Taiwan Ltd (連加網路) and iPass Corp (一卡通票證), ranked first in the nation in terms of number of users as of the end of October at 1.87 million, Financial Supervisory Commission data released on Tuesday showed.
The service provided by Jkopay Co (街口電子支付) was second at 1.11 million users, followed by that of AllPay Financial Information Service Co (歐付寶) with 851,417 users, the data showed.
However, transactions handled by Jkopay grew year-on-year to NT$1.12 billion (US$36.7 million) in October, compared with Line Pay Money’s NT$326 million via and AllPay’s NT$150 million, the data showed.
Jkopay also led in terms of transfers, an important function, at NT$801 million in October, followed by Line Pay Money’s NT$398 million and Allpay’s NT$42 million, the data showed.
The commission defines a transaction as being between a consumer and a store, while transfers are between consumers.
In Taiwan, Line Pay Money has fewer merchant partners than Jkopay, iPass senior assistant vice president Wang Jiun-ping (王俊平) said on Tuesday.
As LINE Biz+ Taiwan and iPass are forming partnerships with four regional peers to establish a cross-border payment alliance, more stores are expected to accept Line Pay Money next year, which would drive sales, Wang said.
In addition, LINE Biz+ Taiwan next year plans to partner with telecoms, insurance companies and medical institutions to attract more customers, Wang added.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
RSS