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Taiwan Pay (台湾 Pay)

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

RealTimePayment Market Adoption: 40%

Taiwan Pay is Taiwan's state-backed national QR payment standard, enabling instant bank card transfers, government bill payments, and merchant acquiring.

🔄 User Payment Flow

  1. Customer selects Taiwan Pay at merchant checkout
  2. Checkout displays Taiwan Pay QR code
  3. Customer opens Taiwan Pay App or participating bank mobile app to scan QR code
  4. Customer selects bank debit card / account and verifies password
  5. Taiwan Pay clears funds instantly and confirms merchant payment

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant calls payment creation API for Taiwan Pay QR session
  • PSP issues compliant Taiwan Pay QR string payload
  • PSP receives FISC / Taiwan Pay instant clearing callback and updates order status