Taiwan payment firm targets small merchants to push non-cash transactions past NT$10 trillion
Likely AI
Systex Fintech said it will focus on onboarding small merchants who currently transact in cash to help drive the island's non-cash transaction value from NT$6 trillion in 2023 toward the Financial Supervisory Commission's NT$10 trillion (US$190.4 billion) goal by 2026. The company stated that the strategy centers on expanding acceptance among roughly 1.3 million corporate accounts, including more than 500,000 small businesses and cash-based street vendors that do not issue invoices, which it described as a blue ocean for growth.
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