Carrefour and Mia C’bon Suspend Cooperation with JKoPay Amid Legal Dispute

Taipei: Hypermarket chain Carrefour and upscale supermarket operator Mia C'bon have announced the suspension of their cooperation with JKoPay, one of Taiwan's leading digital payment service providers, due to a lawsuit involving the mobile payment firm's parent company.

According to Focus Taiwan, Carrefour and Mia C'bon are among several firms that have paused their partnership with JKoPay. The companies have assured customers that they will be notified when the service resumes. This decision follows a similar move by TP TEA, a popular beverage brand, which has also suspended cooperation with JKoPay, recommending alternative payment services to its customers. Meanwhile, another drinks vendor, Guiji, has allowed its outlets to make independent decisions regarding their association with JKoPay.

E-life Corp., a major 3C distributor in Taiwan, was the first to suspend cooperation with JKoPay following a court-ordered asset seizure against JKoPay's parent company, JKO FinTech Co. The seizure was initiated to enforce a NT$3.6 billion claim by Taisun Enterprise Co. after a court invalidated a deal in which Taisun was to acquire a 40 percent stake in JKO FinTech.

JKoPay, with over 6.5 million users in Taiwan, has reported stable daily account balances and stated there was no mass withdrawal from user accounts. The Financial Supervisory Commission has assured that JKoPay's assets remain unaffected by the court's ruling against its parent company. Despite the ongoing legal dispute, some partners like MacDonald's and Burger King continue to offer JKoPay services without interruption.