O’Pay Wins Approval for Small-Value and Migrant Worker Cross-Border Remittances

Demand for small-value cross-border transfers among Taiwan’s migrant workers and other users has risen steadily, with such transactions previously handled mainly by banks or designated remittance companies. To promote financial inclusion and strengthen the payments ecosystem, Taiwan’s Financial Supervisory Commission has allowed electronic payment institutions to offer small-value cross-border remittance services. O’Pay has formally become Taiwan’s first electronic payment provider to secure approval, offering users a more convenient, lower-cost legal channel that can help curb underground remittances and marking a milestone for the domestic electronic payments market.

The Financial Supervisory Commission approved O’Pay’s cross-border small-value remittance business on July 16, 2026. Its migrant worker remittance service is expected to launch in the fourth quarter of 2026, with limits of NT$30,000 per transaction, NT$50,000 per month and NT$500,000 per year. Overseas remittances for general users are expected to begin in the second half of 2027, initially for transfers to Vietnam, with a limit of NT$50,000 per transaction and an aggregate monthly cap of NT$300,000. The service is expected to substantially reduce cross-border remittance fees.