TAIPEI Jan 22 Taiwan plans to expand mobile
payment this year to physical retail shops and allow
multi-currency payment, a move to assist domestic e-commerce
players to seize overseas business opportunities, according to
local media reports.
The Economic Daily said on Wednesday the financial regulator
would also start studying in June whether to open up payment
transfers between online accounts.
The cabinet decided in a meeting to allow third-party
payment companies to engage in "online to offline" transactions,
the paper said, so that consumers will be able to make payments
in physical stores using their digital wallet.
(Reporting by Clare Jim; Editing by Anand Basu)