The China Post staff
MasterCard International and Kaohsiung Bank yesterday announced the launch of the Kaohsiung County Government Purchasing and Executive MasterCard Cards. It claim to be the first county-level purchasing and executive card program in Taiwan.
The card will be issued to the government’s staff to make purchases under NT$100,000. Within the next 12 months, the Kaohsiung County Government expects 80 percent of its purchase volume to move to the new MasterCard purchasing card, replacing the current paper-based process. The government also expects to reduce costs for small value transactions, with check issuing and stamp costs reduced by up to NT$1 million. In addition, the card will be issued to government officials that are of division head level or above. All purchase transactions made with this card will be documented in monthly statements to provide transparency and better accounts management.
Yang Chiu-hsing, commissioner of Kaohsiung County, said, “We take pride in being the first county-level government to adopt the purchasing and executive program.” The card helps the government to increase savings and efficiency, shorten reconciliation cycle periods and provide better control over spending,” he added. “It also helps minimize cash advances and enable the government to capture transaction data, curtailing the need for cumbersome manual or back office adjustments for cash transaction entries,” Yang noted.