EasyCard transaction cash limits are be increased to NT$10,000, Taipei Mayor Ko Wen-je (柯文哲) said yesterday.
“If the card can only pay a maximum of NT$1,000 each time, there’s no way that you can treat people to dinner,” Ko said, adding that the limits were “unrealistic.”
“We hope to allow the cards to pay NT$10,000, which better matches consumer behavior in Taipei,” he said.
Ko — a medical doctor — added that in the future the EasyCard would be designed to enable it to be disinfected with rubbing alcohol.
“Our original objective was that the EasyCard would replace paper money and coins, because paper money and coins are very dirty and unsanitary in my opinion,” Ko said.
He added that in the near future the company would provide a large number of reading machines to vendors who operate small stalls with the aim of increasing the company’s revenue by 100 percent by the end of the year.
EasyCard Corp Board chairman Tai Chi-chuan (戴季全) said that while EasyCards are able to store up to NT$10,000, daily spending is limited to NT$3,000, with a per transaction limit of NT$1,000.
The restrictions were a combination of internal company rules and Financial Supervisory Commission rules, he said, adding that the company was working with the commission to relax the restriction.
He said financial cards are categorized under different safety levels, with different restrictions, which are intended to protect consumers in the event cards are lost or stolen.
Given that safety measures for EasyCards have increased, the company would work with the commission to either relax restrictions or apply to be classified under a higher safety level, he said.
Separately, the Financial Supervisory Commission yesterday invited Taipei EasyCard Corp to submit a proposal to raise the transaction limits.
Regulations governing electronic stored value cards stipulate that the EasyCard must meet level-2 security ratings to be exempt from the NT$1,000 per transaction limit, the commission said.
Additional reporting by Ted Chen
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