All Win Co Ltd (全盈支付) yesterday launched its electronic payment service, the first managed by a convenience store chain in Taiwan.
Taiwan FamilyMart Co (全家便利商店), the nation’s second-largest convenience store chain with 4,000 stores nationwide, is a major shareholder of All Win.
The new e-payment firm expects to attract at least 1.5 million users by the end of the year, All Win president Liu Mei-lin (劉美玲) said at a news conference in Taipei.
Photo: CNA
The service awards users one reward point for each dollar spent at FamilyMart stores, Liu said.
Users can redeem the points at FamilyMart stores or its distribution partners, such as Watson’s Personal Care Stores (Taiwan) Co Ltd (台灣屈臣氏), PChome Online Inc (網路家庭), M-Taxi Co Ltd (大都會衛星車隊), Ikari Coffee (怡客咖啡) and various restaurants, she said.
All Win plans to integrate 10,000 physical and digital stores into its service, she added.
Regarding how the e-payment service would outperform a similar service offered by President Chain Store Corp (統一超商), the nation’s largest convenience store operator, Liu said that All Win would focus on collaborating with retailers in different sectors to expand its consumer base.
“President Chain concentrates on vertical integration, including its affiliates — units of Uni-President Enterprises Corp (統一企業) — into its e-wallet service. In comparison, we would focus on horizontal alliances by partnering with different companies in multiple sectors,” Liu said.
All Win believes an open platform would help attract customers, she said.
That is also why All Win’s e-payment service would accept credit cards from all local banks, while other e-payment services are restricted to certain bank’s credit cards, Liu said.
Even though E.Sun Commercial Bank (玉山銀行) is the firm’s second-largest shareholder with an 18 percent stake, All Win would allow users to link their credit cards regardless of the issuing bank, as people already have their own preference of credit cards, Liu said.
It would also differentiate its service with micro-financing products, such as online loans facilitated by E.Sun Bank and a “buy-now-pay-later” program offered by NP Taiwan Inc (恩沛).
It would also allow users to add cash to their accounts at FamilyMart stores, so those without credit cards or those who do not want to link their bank accounts to the service can still use it, the company said.
Liu was previously a vice president at E.Sun Bank, but resigned when she joined All Win to comply with Financial Supervisory Commission regulations.
Neither Liu nor All Win chairman Hsueh Dong-du (薛東都), who is also FamilyMart’s president, said when they expect All Win to make a profit, saying that the firm would prioritize optimizing its service.
PROTECTION: The investigation, which takes aim at exporters such as Canada, Germany and Brazil, came days after Trump unveiled tariff hikes on steel and aluminum products US President Donald Trump on Saturday ordered a probe into potential tariffs on lumber imports — a move threatening to stoke trade tensions — while also pushing for a domestic supply boost. Trump signed an executive order instructing US Secretary of Commerce Howard Lutnick to begin an investigation “to determine the effects on the national security of imports of timber, lumber and their derivative products.” The study might result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
RSS