"The most powerful concurrent business does not lose to the franchise" Yushan Yin defeated the "double card"

Yushan Bank is one of the first banks to obtain approval from the Financial Supervisory Commission to concurrently operate electronic payment services. Although it is a "concurrent operation", its performance is not inferior to that of a "specialized" bank. In terms of agency performance in collecting and paying actual transaction amounts, Yushan ranks fourth after LINE Pay, Quan Pay, and Jiekou, and is even far ahead of its peers such as China Trust and Taishin Bank. Interestingly, Yushan is also a shareholder of electronic payment peers such as Quanying Pay and Easy Card, but it only recognized losses in the first half of this year.

According to the latest electricity payment statistics for August, if only the "concurrent" banking industry is limited, Yushan's performance can be said to be far ahead. In terms of the actual transaction amount of agency collection and payment for the month, Yushan's approximately 2.554 billion yuan, which is several times more than China Trust's approximately 417 million yuan and Taishin Bank's approximately 184 million yuan. It even surpasses the 2.1 billion yuan of All-in-One Card and the more than 1.2 billion yuan of EasyCard, ranking fourth in the entire market including specialized institutions.

It can be seen from Yushan's financial report that a dedicated "Credit Card and Payment Finance Division" has been set up internally to seamlessly integrate credit card management and electronic payment accounts in the same "Yushan Wallet" App, smoothly converting and attracting users into electronic payment.

According to peer analysis, Yushan has exclusively secured PayPal's account withdrawal business in Taiwan for many years, and has also tied up with Taobao, Tmall, and Alipay's cross-border collection and payment flows in Taiwan. As long as payment is made, almost all payments must be made through Yushan's electronic payment account. This is the most critical reason.

In addition, Yushan has taken advantage of the huge spending power of Chinese people traveling to Japan and actively connected "Yushan Wallet" with PayPay, Japan's largest scan-code payment platform. Taiwanese tourists in Japan can directly use Yushan Wallet to scan PayPay barcodes for payment, which also boosts its electronic payment scale.

Interestingly, Yushan Bank is also one of the major shareholders of "Quanying Pay", which is dominated by FamilyMart convenience stores, holding 17.89% of the equity. It also invested 1.89% of the equity of Easy Card Company, but in the first half of this year, it recognized investment losses of 11.25 million yuan and 1.349 million yuan respectively.