Taiwanese regulator , the Financial Supervisory Commission ( FSC ) , has given approval for mobile payment and digital service Samsung Pay to enter the country 's market , according to Lynn Chiu , director of Samsung Pay of Samsung Taiwan . Samsung is keen to grasp a large share of a potentially lucrative market , where only 26 % of payments were made by mobiles . Although the company faces stiff competition from rivals Apple Pay and Google Pay , Lin believes Samsung 's good relationship with Taiwanese customers could give it the advantage .
Taiwanese regulator, the Financial Supervisory Commission (FSC), has given permission for mobile payment and digital wallet Samsung Pay to enter the country's market, according to Lynn Chiu, director of Samsung Pay of Samsung Taiwan. Samsung is keen to grasp a large share of a potentially lucrative market, where only 26% of payments were made by mobiles. Although the company faces stiff competition from rivals Apple Pay and Google Pay, Chiu believes Samsung's good relationship with Taiwanese customers could give it the edge.