Payments Landscape in Taiwan: Opportunities and Risks to 2022

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

GlobalData’s "Payments Landscape in Taiwan: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Taiwanese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, direct debit, payment cards, and cheques during the review-period (2014-18e).

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 (2018-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the 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 Taiwan's cards and payments industry, including debit and credit cards.
– Detailed insights into payment instruments including cash, credit transfers, direct debit, cheques, and payment cards. It also, includes an overview of the country's key alternative payment instruments.
– E-commerce market analysis and payment methods.
– 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.

Scope

– Taiwanese consumers traditionally save part of their income and spread their savings across multiple bank accounts to take advantage of deposit insurance. According to a Mastercard survey, Taiwanese consumers save nearly a quarter of their monthly income as savings, higher than the average of 18% for Asia Pacific. To further promote savings in the country, in April 2017 the government announced a children’s savings account program for orphans and children of low- to middle-income families. The account, which must be created at Bank of Taiwan, enables guardians to deposit a maximum of TWD15,000 ($504.93) per year, with an equal amount to be contributed by the government. This is expected to boost the banked population, which in turn will drive demand for banking products such as bank accounts and debit cards.

– The NCCC is taking initiatives to promote the use of credit cards for the payment of public services and facilities. In December 2015 it established the Credit Card Payment Platform for Public Agency Fees, enabling public agencies to accept credit cards. By the end of 2017 the number of participating public agencies totaled 922, up from just 14 in January 2016. To encourage the use of credit cards, 13 of the country’s banks announced they would waive transaction fees on credit card transactions made at government institutions and public hospitals starting January 1, 2018.

– Alternative payments are gaining prominence, with a number of key players launching their services in Taiwan in 2017. Apple Pay entered the market in March 2017, and is now accepted at merchants including Carrefour, Big City, FamilyMart, City Super, and Far Eastern Department Stores. Samsung Pay was launched in Taiwan in May 2017; the solution works on both NFC and magnetic secure transmission technology. And in June 2017, Google Pay (previously Android Pay) was launched in the country, enabling users to make in-store, in-app, and online payments.

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.

Chunghwa Post
Hua Nan Commercial Bank
Taiwan Cooperative Bank
First Commercial Bank
Cathay United Bank
Chinatrust Commercial Bank
E.SUN Bank
Taishin International Bank
Citibank
Visa
Mastercard
Smartpay
JCB
American Express

Table of Contents

Table of Contents

Market Overview

Executive Summary

Card-based Payments

E-commerce Payments

Alternative Payments

Payments Infrastructure & Regulation

Appendix

Frequently asked questions

Payments Landscape in Taiwan: Opportunities and Risks to 2022 standard reports
Currency USD
$2,750

Can be used by individual purchaser only

$8,250

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

Payments Landscape in Taiwan: Opportunities and Risks to 2022 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Financial Services
New
Global Cyber Insurance Market 2026
$3,450 | October 2026
Financial Services
New
Norway Cards and Payments: Opportunities and Risks to 2030
$2,750 | October 2026
Financial Services
New
Argentina Cards and Payments: Opportunities and Risks to 2030
$2,750 | October 2026
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Payments Landscape in Taiwan: Opportunities and Risks to 2022 in real time.

  • Access a live Payments Landscape in Taiwan: Opportunities and Risks to 2022 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.