Taiwan Cards And Payments Market

Taiwan Cards and Payments Market Size (2024 to 2029)

Market Data Forecast’s "Taiwan Cards and Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payment options in online trade and significant government frameworks impacting the overall payment card market of Taiwan.

Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Taiwan.

Taiwan Cards and Payments Market Key Highlights

• The government initiatives supporting electronic payments like legalized third-party payment platforms by amending the Act Governing Electronic Payment Institutions, allowing non-banking companies to offer third-party electronic payment services and dedicated Fintech development fund of TWD1bn ($30.8m) by Taiwan Financial Supervisory Commission.
• The launch of Samsung Pay with the collaboration of seven Taiwanese banks and Android Pay in collaboration with Chinatrust Commercial Bank (CTBC Bank) and First Commercial Bank are the results of growing mobile payments in the country and extending the use of smartphones.
• The regulation passed by the Financial Supervisory Commission barred companies not registered in Taiwan from processing any domestic payments under the Electronics Payment Processing Institutions Act, and this led to the suspension of PayPal services in the nation.

KEY MARKET PARTICIPANTS

• Cathay United Bank
• First Commercial Bank
• Taiwan Cooperative Bank
• Hua Nan Bank
• Chang Hwa Bank
• CTBC Bank
• E.Sun Bank
• Taishin Bank
• Citibank
• SmartPay

Key Questions Answered By The Report

• What is the market size of the Taiwan Cards and Payments market?
• What are the major operators and issuers in Taiwan?
• What is the current state of emerging payment technologies?

Reasons To Purchase This Report

• Track key industry trends, opportunities and threats related to the Taiwan cards and payments industry and each market within it.
• Gain insights into the competitive landscape of card issuers for both, debit cards and pay later cards.
• Gain insights into marketing strategies used by market players for various card types in Taiwan.
• Gain insights into key regulations governing the Taiwan cards and payments market