A report out of Taiwan today states that Taiwan's Financial Supervisory Commission has started accepting applications from banks for providing Apple Pay mobile payment services. Taiwan's CTBC Bank, Cathay United Commercial Bank, E.SUN Commercial Bank and Taishin International Bank are expected to start offering the Apple Pay service when it becomes available.

The commission pointed out that the credit card will be the only payment method for Apple Pay initially, while other tools such as debit cards may be allowed later. Taiwan users will be able to apply for using Apply Pay at the end of 2016 at the earliest.

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