In order to boost growth of the mobile payment industry, the government has set a goal of 90% mobile payment penetration by 2025. On October 27, 2017, National Development Council (NDC) convened a meeting with the Ministry of Economic Affairs (MOEA), Financial Supervisory Commission (FSC), Ministry of Transport and Communications (MOTC) and other related ministries/agencies.

 

In the meeting a cross-ministerial mobile payment promotion mechanism and three themes for promotion have been decided. They are namely building a sound mobile payment environment, expanding the mobile payment coverage, and increasing consumers’ mobile payment experience. In addition, hospitals, utilities, gas stations and other areas relevant to people’s daily lives were identified as the key areas for promotion.