Increasing Competition In Taiwan Payment Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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 Taiwan’s traditional habits of the locals is the culture of saving and can be seen even today. Studies show almost one-fourth of every money earned being saved in Taiwan. Taiwan Payment Industry Size Ken Research’s 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 Taiwan’s 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. Various government regulations and market drivers of the cards and payment industry are discussed. Different strategies used to market debit and credit cards by the Taiwanese banks and institutes are analysed. The top market players in the payment industry of Taiwan are Chunghwa Post, Hua Nan Commercial Bank, Taiwan Cooperative Bank, First Commercial Bank, Cathay United Bank, China trust Commercial Bank, E.SUN Bank, Taishin International Bank, Citibank, Visa, Master card, Smart pay, JCB, American Express. 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. Lack of cross-border payment services have encouraged various players in the past to enter the market. Digitalisation in payment industry has led to the digitalisation of transaction industry as well. 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. 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. To know more, click on the link below: 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 Contact us: Ken research Ankur gupta, head marketing & communications sales@kenresearch.com +91-9015378249 Post Views: 5 Tags: Taiwan Payment Industry Analysis, Taiwan Payment Industry Applications, Taiwan Payment Industry Competitive Analysis, Taiwan Payment Industry Forecast, Taiwan Payment Industry Growth Analysis, Taiwan Payment Industry Imports and Exports, Taiwan Payment Industry Leading Players, Taiwan Payment Industry Opportunities, Taiwan Payment Industry Overview, Taiwan Payment Industry Research Report, Taiwan Payment Industry Research Statistics, Taiwan Payment Industry Segmentation, Taiwan Payment Industry Size, Taiwan Payment Industry Trends, Taiwan Payment Industry Value