Japanese payments firm JCB International has made Apple’s mobile payment platform Apple Pay available for its customers in Taiwan.

E.Sun Bank and Union Bank of Taiwan will be the first in the country to support Apple Pay, followed by other JCB brand payment product issuers at a later stage.

Apple Pay does not store actual card numbers of users on the device or on Apple servers but assigns a unique Device Account Number that is encrypted and securely stored on users’ devices.

Transactions made through Apple Pay are validated through a one-time unique dynamic security code.

The payment platform is compatible with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation and later), iPad Air 2, iPad mini 3 and later, as well as Apple Watch.

JCB executive vice president, business development and coordination, Daisuke Sakurai said: “The Taiwan payment market is one of the most advanced in terms of contactless payment, with many merchants equipped with contactless payment readers. Taiwan is the first market after Japan where JCB is supporting Apple Pay.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.