Increasing Competition In Taiwan Payment Industry: Ken Research

1
Increasing Competition In Taiwan Payment
Industry Ken Research
2

• 
  Summary
• 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).

3

• Taiwan is a South East Asian state in Republic of
  China. In the 1960s, Taiwan faced rapid economic
  growth and industrial development creating a very
  stable economy. Between 1980s and 1990s, the
  country changed from a single-party dictatorship
  to a multi-party democracy. One of the Taiwans
  traditional habits of the locals is the culture
  of saving and can be seen even today.
• Ken Researchs Payment Landscape In Taiwan
  Opportunities And Risks To 2022 gives a detailed
  insight about the payment industry in Taiwan. The
  report extensively talks about current and
  forecast values for each market in the Taiwans
  cards and payments industry, including debit and
  credit cards. The report also gives an analysis
  of the E-commerce market in Taiwan. It also
  includes an overview of the country's key
  alternative payment instruments.

4

• All over the world, businesses and consumers have
  moved from cash to digital and cashless payments
  and the payments industry is evolving at a fast
  rate in the countries digital payments are not
  commonly used due to various reasons. Global
  payments revenue has been increasing in
  multi-fold despite many disruptions in the
  market. Nonbanking digital entrants have changed
  the customer experience and offer diverse payment
  options.
• As customers have become more and more
  comfortable with swiping cards and paying through
  mobile phones, the digitalisation of transaction
  industry is also expected to give way to its
  infrastructural development. In Taiwan, various
  digital players have entered into the market and
  increased customer awareness has driven the
  market for the payment industry.

5

• Despite the gradual increase in electronic
  payments, cash still remains as the preferred
  mode of payment accounting for more than
  two-thirds of the transactions in the country by
  cash. Various government initiatives like the Act
  Governing Electronic Payments Institutions are
  encouraging Taiwanese to make electronic
  payments. Though debit cards are used widely,
  they are limited merely to cash withdrawals at
  ATMs.
• To encourage the use of credit cards, many public
  banks have waived transaction fees. Various other
  market players like Apple Pay, Samsung Pay,
  Google Pay were also recently launched to drive
  the demand in the market.

6

• Browse Full Market Report
• Payments Landscape in Taiwan Opportunities and
  Risks to 2022
• Related reports
• Payments Landscape in Latvia Opportunities and
  Risks to 2022
• Payments Landscape in Kazakhstan Opportunities
  and Risks to 2022

7
About Ken Research

• Ken Research provides bespoke industry
  intelligence, equity research reports and
  business consulting services on gamut of sectors
  across the globe. We use advanced information
  management tools, sophisticated analytical
  systems and methodologies to help our clients
  with crucial industry information for decision
  making.
• As a leading Online Market Research Report
  Seller, Ken Research act as a platform for
  accessing statistics, forecast, business
  insights, Ideas, concepts and much more.

8

• Contact Us
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
• 91-9015378249

9
(No Transcript)