Asia Payments Research

May

Covid outbreak may be Taiwan’s cashless turning point

Long lauded for its outstanding pandemic control, and accustomed to no community transmission, Taiwan is now fighting a truculent coronavirus outbreak that is averaging about 300 cases a day. As a result, Taiwan is in a quasi-lockdown state for the first time since the pandemic began. With the government telling…

May

Asia Payments Research

Profitability elusive for Taiwan’s leading e-wallets

Taiwan’s two top e-wallets, Jkopay and Line Pay, have grown exponentially in terms of transaction volume in recent years yet have failed to turn a profit. Data compiled by Taiwan’s Chinese-language Business Next show that Jkopay lost about NT$346 million, slightly less than the NT$347 million in losses a year earlier. Line…

May

Asia Payments Research

Gojek steps up its super app play

Ride-hailing giant Gojek is stepping up its super app play with new fundraising and the purchase of a stake in Indonesian conglomerate Lippo’s retail unit, MPPA. Earlier in May, Indonesian celluar operator Telkomsel, a subsidiary of state-owned communications giant PT Telkom Indonesia, said it would invest an additional US$300 million…

Contact Info

Asia Payments Research