researchFOLKS’ ’‘Taiwan Cards and Payments Market Analysis” 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, payments options in online trade and significant government frameworks impacting the overall payment cards market of Taiwan.
Our report kindles the hidden opportunities with dependable information about different types of card 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.
Highlights of the report:
Electronic payments are encouraged by the government of Taiwan in the form of amending Act Governing Electronic Payment Institutions to legalize third-party payment platforms that allow Taiwan Financial Supervisory Commission to spend Fintech development fund of TWD1bn ($30.8m) and non-banking companies to offer electronic payment services.
Increasing mobile payments in the country with the extensive use of smartphones has opened the market for mobile wallets like Samsung Pay and Android Pay to operate in Taiwan. Samsung Pay was launched in partnership with seven banks of Taiwan and Android pay with Chinatrust Commercial Bank (CTBC Bank) and First Commercial Bank.
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PayPal services were suspended in Taiwan with the implementation of Financial Supervisory Commission regulation that restricted companies not registered in the country to process any domestic payments under the Electronics Payment Processing Institutions Act.
List of companies mentioned in the report:
Cathay United Bank
First Commercial Bank
Taiwan Cooperative Bank
Hua Nan Bank
Chang Hwa Bank
The E.SUN Commercial Bank, Ltd.
The Taishin International Bank
Scope of the report:
The functioning of Taiwan’s cards and payments market and complete analysis of the market drivers
It provides conventional and contemporary information about payment cards of Taiwan and market predictions till 2022
It details the emerging payment solutions and their economic, regional and business impact on the cards and payments industry of Taiwan
Detailed information about existing market leaders, their strategies and government policies driving the payment cards market
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