Uniting the Industry: Taiwan’s Third-Party Payment Association is Here!
A Major Milestone for Taiwan’s Third-Party Payment Industry
On August 4, 2025, the Taiwan Association of Third-Party Payment Service Providers (Taiwan Payment Facilitator Association, TPFA) was officially established!
Leading companies such as NewebPay, Green World, SunPay, MoMo, LINE Pay, Uber Eats, and 40 other key players have joined forces to launch a new public collaboration platform—aimed at strengthening anti-fraud measures, supporting regulatory reforms, and amplifying the industry’s collective voice.
As an active member of the industry, SecureVectors supported the formation of the association. Our CEO, Vincent Huang (Senior PCI DSS QSA), delivered a seminar presentation on“The Challenges of Compliance and Technological Change in the Payment Industry.”
Key points included:
Payment technology scenarios are rapidly evolving with advancements in blockchain and AI—expanding from payment cards and QR codes to applications such as facial recognition and AI agent payments.
These innovations bring new challenges in legal compliance and transaction monitoring.
Companies are encouraged to learn from international best practices, leverage advanced tools, and plan early to establish timely, systematic risk-control and compliance frameworks.
SecureVectors will continue to apply its practical expertise to help create efficient, real-time compliance monitoring systems, working alongside industry partners to build a secure and trustworthy payment environment.
The formation of this association marks the formal establishment of a public collaboration platform between the government and the industry—driving fraud prevention, regulatory reform, and industry advocacy to strengthen overall risk management and regulatory alignment.
