Taiwan FSC Warns of Four Credit Card Fraud Risks, Urges Mobile Payment Vigilance

Credit card fraud has expanded beyond the theft of card numbers. Scam groups now use phishing text messages, spoofed websites and limited-time discount advertisements to trick consumers into disclosing one-time passwords, or OTPs, before linking their cards to Apple Pay, Google Pay or Samsung Pay. The Banking Bureau of the Financial Supervisory Commission warned that the convenience of mobile payments makes card-linking verification and transaction alerts critical safeguards.

On May 20, 2026, the FSC issued four recommendations: read OTP messages carefully, avoid clicking unknown links, proactively review statements and transactions, and immediately verify any card-linking notification received when no card has been linked. Before entering a verification code, consumers should check the currency, purchase amount and purpose. Any irregularity should be reported immediately to the card issuer or Taiwan’s 165 anti-fraud hotline.