Friday, October 04, 2013

TAITRA partners with local bank to process China payments

News this week: The Taiwan External Trade Development Council (TAITRA) has entered a partnership with Taiwan’s E. Sun Commercial Bank to launch a new direct payment service – E. Sun Trade. The service will work in conjunction with TAITRA’s online trading platform, iDealEZ, to help Taiwanese exporters accept direct payments from mainland Chinese buyers.

According to E. Sun Commercial Bank, the new payment channel will work in cooperation with established mainland China-based payment platforms Alipay and Tenpay. The partnership between TAITRA and E. Sun will also reportedly provide Taiwanese exporters with marketing and logistics services.

TAITRA’s iDealEZ platform was launched in 2011 and has a reported membership of 80,000. In July 2012, the E. Sun bank also opened its first branch on the mainland in Dongguan in the southern province of Guangdong.

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