Handout to start before Lunar New Year holiday

Senior city residents also eligible for NT$1,000 cash handout

Users need ATM card, national ID or residence number, and NHI card

Finance ministry says residents can collect after land warning ends

Extra spending will benefit travel and airline sectors

Online registration will open in stages based on last digits of ID number

Taiwanese citizens, foreign permanent residents, and foreign spouses eligible

Payments will be sent through direct deposits

Cabinet spokesperson says government will release money 'as quickly as possible'

Finance minister says once approved payments will go out in November