Qitero Qitero

Taiwan ATM / Online Banking

Country: Taiwan, China (TW)  |  Payment Rail: bank_network

OnlineBanking Market Adoption: 70%

Taiwan ATM and WebATM Virtual Accounts provide instant inter-bank funds transfers across 30,000+ ATM machines and mobile banking apps in Taiwan.

🔄 User Payment Flow

  1. Customer selects ATM Transfer / WebATM at merchant checkout
  2. Checkout presents 14-digit Virtual Account (VA) number or redirects to WebATM IC card reader page
  3. Customer uses physical ATM machine or mobile banking App to transfer funds to Virtual Account
  4. FISC clearing system automatically matches payment and sends real-time callback to merchant

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant calls payment creation API for Virtual Account generation
  • PSP issues dedicated single-use Virtual Account number
  • PSP receives FISC instant bank clearing webhook callback and updates order status