Taiwan Cards and Payments - Opportunities and Risks to 2025

December 2021 •
77 pages •
Report ID: 5810735 •
Format: PDF

Summary
Table of contents
Search Inside

Taiwan Cards and Payments - Opportunities and Risks to 2025

Summary
‘Taiwan Cards and Payments - Opportunities and Risks to 2025’ report provides detailed analysis of market trends in the Taiwanese cards and payments industry. It provides values and volumes for key performance indicators in the industry, including cash, cards, direct debits, cheques and credit transfers during the review-period (2017-21e).The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes. The report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Taiwanese cards and payments industry, including -
- Current and forecast values for each market in the Taiwanese cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including cash, cards, direct debits, cheques and credit transfers. It also includes an overview of the country’s key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Taiwanese cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
- The competitive landscape of the Taiwanese cards and payments industry.

Scope
- To reduce the dependence on cash in the country, in March 2021 the Financial Supervisory Commission (FSC) announced a non-cash payment transaction measurement index, setting a target value of a 50% increase in the number of non-cash payment transactions by 2023 and aiming for transaction value of TWD6.0tn ($213.6bn). To achieve this, the FSC has established a working group to promote non-cash payment transactions and has continued to encourage the use of digital payment channels. Consequently, the volume, value, and frequency of card-based transactions are anticipated to increase further going forward.
- The outbreak of COVID-19 has resulted in a significant shift in consumer preferences towards the use of cashless methods of payment. According to a Visa survey conducted in Taiwan in August 2020, 80% of respondents were favoring payment cards instead of cash. According to the same survey, 44% of respondents said they were using mobile wallets more frequently than before the pandemic.
- Mobile payments have gained widespread acceptance due to increasing consumer awareness and acceptance among merchants. As per data on mobile payments released by the Taiwan Financial Regulatory Commission in March 2021, the value of mobile payment transactions in Taiwan increased by 132% in 2020 compared to 2019. In addition, the volume of mobile payment transactions doubled in 2020 compared to 2019. With the country taking steps to accelerate the introduction and usage of electronic payment systems, this trend is likely to continue over the coming years.

Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Taiwanese cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Taiwanese cards and payments industry.
- Assess the competitive dynamics in the Taiwanese cards and payments industry.
- Gain insights into marketing strategies used for various card types in Taiwan.
- Gain insights into key regulations governing the Taiwanese cards and payments industry.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager