iPASS e-wallet users are able to pay for various public transportation services across the nation starting yesterday by simply displaying an iPASS QR code on their regular banking apps.
Passengers are able to use the iPASS "TWQR" Travel Code on the Kaohsiung Metro, Kaohsiung Light Rail, Taichung Metro, New Taipei Metro and other bus, ferry and rail services, iPASS Corp said in a news release yesterday.
By opening a payment app on their mobile phone, selecting the QR, and scanning it at the ticket barrier reader, passengers can pay for transportation services directly from their iPASS accounts -- without needing physical cash, tickets, or cards.
Photo courtesy of iPass Corp
iPASS announced the new service at a press conference held at Formosa Boulevard Station in Kaohsiung yesterday.
Chen Yen-Liang (陳彥良), vice chairperson of Taiwan’s Financial Supervisory Commission, Wang Hong-rong (王宏榮), deputy secretary-general of the Kaohsiung City government, and other figures witnessed the launch event that was also broadcast online.
According to the company, the iPASS "TWQR" Travel Code was developed by the Financial Information Service Co, which integrated the QR Code Common Payment Standard with the Ministry of Transportation and Communication’s "Transportation Ticket Two-Dimensional Barcode Data Format Standard."
iPASS explained that the system connects the two main payment networks -- banks and electronic payment institutions -- via an "Electronic Payment Cross-Institution Shared Platform."
The first group of financial institutions to support the iPASS "TWQR" Travel Code are the Bank of Taiwan, Land Bank of Taiwan, Taiwan Cooperative Bank, First Bank, Hua Nan Bank, Chang Hwa Bank, Mega Bank, Taiwan Business Bank, and Chunghwa Post.
iPASS said the service officially began yesterday for customers of the nine financial institutions, with plans to expand nationwide to include more transport networks.
To encourage people to try out the new service, the nine participating financial institutions will offer 100 percent rebate on fares paid with the iPASS "TWQR" Travel Code from April 15 to Dec. 31 this year.
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