New fintech startup space

https://www.taiwannews.com.tw/en/news/3532777

Could someone enlighten me as to why Taiwan is attempting to innovate in the fin tech industry? I see the buzz word around frequently, but not understanding the drive behind it.

Payments/banking apps seem to have such low take-up, can’t even pay my kids school fees here on internet banking on the desktop, let alone a mobile! Had to haul my backside up to the school and give them cash in a paper bag. Then after the term ended, the school told us we had paid them too much, so we had to go again to the school office to pick up a cash refund!

As far as point of sale apps go, can’t order/buy my coffee/lunch with a point of sale app anywhere it seems.

Mystified…

best to stay mystified and just shake your head in wonder.
Swing a dead cat and you’ll hit all kinds of comatose grand plans by various administrations since LTH.

1 Like