The winning bank launched the first T2P product in Taiwan, covering 99% contactless payment market share. The solution allows merchants to use smartphones as point-of-sale (POS), saving up to 98% of setup and 94% of maintenance costs.

The bank also launched e-Cash app, providing one-stop services for small businesses and owners. Since its launch, e-Cash app, has seen an average monthly growth of 34% in login users and a 20% monthly increase in transaction volume. 

The Best Merchant Service is awarded to CTBC Bank’s ‘e-Cash app and T2P’.