Subsidiary CTBC Bank Renews Alipay Payment Services Cooperation Agreement
Original: 代子公司中國信託商業銀行股份有限公司公告 與支付寶支付科技有限公司合作支付寶支付續約
Summary
CTBC Financial announced, on behalf of its principal banking subsidiary CTBC Bank Co., Ltd., the renewal of a cooperation agreement with Alipay Payment Technology Co., Ltd. covering Alipay payment services. The renewal sustains CTBC Bank's integration with one of the world's largest digital payment platforms, relevant to cross-border payment flows, merchant acquiring, and fintech revenue. Full body available on MOPS.
Full Translation
On behalf of subsidiary China Trust Commercial Bank Co., Ltd. (CTBC Bank), announces renewal of the cooperation agreement with Alipay Payment Technology Co., Ltd. for Alipay payment services. Interpretive context: CTBC Bank, the core banking subsidiary of CTBC Financial Holding Co. (TWSE: 2891), is renewing its existing partnership arrangement with Alipay Payment Technology Co., Ltd. — the entity through which Alipay's payment infrastructure is operated — to continue offering Alipay-branded payment acceptance or processing services. Such agreements govern the technical, commercial, and compliance terms under which a licensed bank intermediates Alipay transactions, and their renewal is a material disclosure under Taiwan's securities regulations. [Body not available — subject line only. See MOPS for full announcement.]