Hottest Fintech Startups in Taiwan Cherry Pay is a peer-to-peer (P2P) money transfer matching platform. It aims to provide real exchange rates, transparent service fees and transfers within an hour. CherryPay is one of the innovative fintech startups that lowered the cost of remittance for foreign workers. The company charges both task requesters and takers a service fee of 0.5% to 2% for every successful match made on the platform, depending on the country the users reside in. As of March 2018, the total transaction volume reached US$30 million, and the number of registered members also exceeded 40,000, with an average of 50 to 60 members a day.
Cherry Pay also participated in FinTechBase before being chosen to compete in the Top 10 for SBC Fintech Singapore.