Mobile payment penetration in Taiwan exceeded 60% in 2019

TAIPEI (Taiwan News) — The mobile payment penetration rate in Taiwan reached 62.2 percent in 2019, up more than 10 percent from the previous year, as the country works to create an environment c...

Easy Wallet to arrive in Taiwan in January

TAIPEI (Taiwan News) — EasyCard announced on Monday (Dec. 16) that its Easy Wallet will to be available to customers in Taiwan starting from January. The company is currently allowing 500 cus...

LINE Pay Taiwan to roll out cross-border payment service for Japan, Korea, Thailand

TAIPEI (Taiwan News) — LINE Pay Taiwan is set to expand its mobile payment service overseas in collaboration with LINE Pay affiliates in Japan, South Korea, and Thailand in early 2020. The mo...

The dangers of using digital wallets like Apple Cash

NEW YORK (AP) — Experts warn that digital wallet services like Apple Cash and Venmo are prime targets for scammers. Many of these services, especially newer ones, don't protect consu...

Zuckerberg appears in Congress as Facebook faces scrutiny

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg is again appearing before Congress to face questions about his company's massive market power, privacy lapses and tolerance of speech deemed false or hat...

Facebook's Libra currency battered by defections, pushback

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard ann...

Congress grills Big Tech over competition, money and power

Big Tech faced tough questions Tuesday as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook's plan for ...

Mobile payment growth highest among 26-35 age group in Taiwan

Taipei, July 15 (CNA) Consumers in Taiwan aged 26-35 saw the highest growth in the use of mobile payment systems in the first half of this year, according to the results of a survey released Monday by...

Facebook's new currency plan under scrutiny in Congress

WASHINGTON (AP) — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Tru...

UK plan to control online porn is watched as test case

LONDON (AP) — The global push to more tightly regulate the internet and big tech firms is spreading to one of the web's biggest and least visible corners: porn. The British governmen...

Facebook plans its own currency for 2 billion-plus users

SAN FRANCISCO (AP) — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ...

Uber looks to raise up to $9B in initial public offering

NEW YORK (AP) — Ride-hailing giant Uber is aiming to raise $9 billion in its mammoth initial public stock offering that, while smaller than initially expected, still dwarfs most stock market debuts. ...

Facebook's vision of future? Looks like Chinese app WeChat

LONDON (AP) — Facebook CEO Mark Zuckerberg is taking the social media company in a new direction by focusing on messaging. Chinese tech giant Tencent got there years ago with its app WeChat. ...

Can Zuckerberg really make a privacy-friendly Facebook?

SAN FRANCISCO (AP) — After building a social network that turned into a surveillance system, Facebook CEO Mark Zuckerberg says he's shifting his company's focus to messaging services designed to serve...

Adults want cozy, kids want gross: 4 holiday trends to watch

NEW YORK (AP) — Cozy sweaters and soft pajamas are in for adults. Kids, meanwhile, are asking for board games featuring fake poop and pimples. Those are just some of the trends expec...