Jkopay Co Ltd (街口支付) plans to continue the expansion of its cross-border mobile payment service in Japan, despite the country’s COVID-19 outbreak, the company said on Tuesday.
Japan would remain the most popular travel destination for Taiwanese, so the company plans to collaborate with more of the country’s important merchants, Kevin Hu (胡亦嘉), chairman of Jko Fintech Co (街口金融科技), which owns Jkopay, told the Taipei Times.
“We have already developed plans to expand into other Asian countries, but decided to put them on hold due to the virus crisis,” Hu said.
Jkopay in January launched its cross-border payment service in Japan by collaborating with several Japanese banks and payment service providers.
Spending through the payment tool in January increased 4.69 percent from a month earlier to NT$1.56 billion (US$51.84 million), Hu said.
LINE Biz+ Taiwan Ltd (連加網路) said that it might postpone the launch of its cross-border payment service because of the coronavirus.
The company in December last year announced that it would launch its new service in the first quarter of this year.
“Given that the virus is continuing to spread in many countries, users should stay informed and carefully evaluate whether overseas travel is safe... We will cautiously evaluate a launch date,” chairman Jeong Woong-ju told the Taipei Times.
Partnering with four regional peers in Japan, South Korea and Thailand, the company would soon complete all of the preparatory work, Jeong said.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS