Nov 24, 2017AthleticComments Off on 90% of public using mobile pay by 2025: Premier
Premier William Lai says the government wants 90% of the public to use mobile payment methods by 2025.
The economics ministry held a trial mobile pay session at Taipei's central train station on Thursday and Friday. Lai said at the event that the government seeks to achieve a penetration rate of 90% by 2025.
We plan to amend and relax certain laws to help foster a mobile-pay-friendly ecosystem. We will also integrate appropriate cyber security measures [into the system]. Taiwan's tech industry has a strong foundation, and our digital economy has been growing fast. I believe that we will be able to hit our target as long as we work together towards the same goal," said Lai.
Lai also said Taiwan must develop internet technologies to stay competitive on the global stage. He said these technologies include mobile pay, artificial intelligence, the Internet of Things, cloud computing, big data, AR, and VR.