Payments Landscape in Taiwan: Opportunities and Risks to 2021

2017-09-25
Price :
Published : Sep-2017
No. of Pages : 48

Payments Landscape in Taiwan: Opportunities and Risks to 2021

Summary

GlobalData’s “Payments Landscape in Taiwan: Opportunities and Risks to 2021”, 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 credit transfers, payment cards, cash, direct debits, and cheques during the review-period (2013-17e).

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 (2017e-21f). 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 the Taiwanese cards and payments industry, including debit and credit cards.
– Detailed insights into payment instruments including credit transfers, cash, cheques, direct debit, 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

– To promote innovation and development in the country’s fintech space, Taiwan Financial Supervisory Commission established a fintech office and a dedicated fintech development fund of TWD1bn ($30.8m) in 2015. During the same year, the government also legalized third-party payment platforms by amending the Act Governing Electronic Payment Institutions, allowing non-banking companies to offer third-party electronic payment services. These initiatives are expected to support growth in electronic payments.
– Rising smartphone use for payments and banks’ increased focus on cashless payments have led to a proliferation of mobile payments based on NFC. Samsung Pay was launched in May 2017 in collaboration with seven Taiwanese banks, while Android Pay was launched in June 2017 in collaboration with Chinatrust Commercial Bank (CTBC Bank) and First Commercial Bank.
– PayPal suspended its domestic money transfer service in Taiwan in September 2015 in response to new government regulation. According to the regulation passed by the Financial Supervisory Commission in May 2015, any company not registered in Taiwan is barred from processing domestic payments under the Electronics Payment Processing Institutions Act. Users with Taiwanese PayPal accounts are unable to either send or receive funds domestically, but are able to send and receive payments internationally.

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.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

Global Wealth Management: Competitive Dynamics

Global Wealth Management: Competitive Dynamics Summary "Global Wealth Management: Competitive Dynamics", report benchmarks the world's leading wealth managers by managed client assets and financial performance. It covers the 34 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international wealth managers with over $100bn in private client AUM are featured in the report. At the end of 2016, client assets managed by the world's top private wealth managers had grown by 6.1% to a record $10.2tn. While a welcome return to growth after 2015's lackluster performance, the growth was fueled more by higher asset prices and the general appreciation of HNW assets rather than str......
$3450

Payments in Denmark 2017: What Consumers Want

Payments in Denmark 2017: What Consumers Want Summary "Payments in Denmark 2017: What Consumers Want", report examines the consumer payments market in Denmark, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. The Danish cards and payments industry is well-developed, and its consumers are prolific users of payment cards. The country has the highest frequency of use in the world, with 210 transactions per card in 2017. As cash use continues to decline, Denmark is increasing its efforts to become a cashless society, backed by government support promoting electronic payments. Danish consumers are very comfortable with payment cards......
$3450

Payments Landscape in Denmark: Opportunities and Risks to 2021

Payments Landscape in Denmark: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Denmark: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Danish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cash, direct debit, payment cards, and cheques during the review-period (2013-17e). 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 (2017-21f). It also offers information on the country's competitive landscape, including the market share......
$2750

UK Pet Insurance: Distribution & Marketing 2017

UK Pet Insurance: Distribution & Marketing 2017 Summary "UK Pet Insurance: Distribution & Marketing 2017", explores consumer purchasing behavior and how consumer preferences are changing over time. The report discovers what is most influential to customers when purchasing a policy and also reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years. The purchasing preferences of pet insurance customers have shifted even further towards the direct channel in 2017. Within our UK Insurance Consumer Survey, direct to insurer has increased in popularity by over 20 percentage points for both cats and dogs. While perhaps a less obvious fit, a presence on price comparison si......
$1295

Payments in Sweden 2017: What Consumers Want

Payments in Sweden 2017: What Consumers Want Summary "Payments in Sweden 2017: What Consumers Want", report examines the consumer payments market in Sweden, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. Swedish consumers are prolific payment card users. Average monthly card transaction volume is higher in Sweden than in other mature European markets such as the UK and Germany, although it lags behind its neighbors Denmark and Estonia. Payment card use in Sweden has been driven by concerted efforts by the government and banks, and consumer willingness to adopt them. As a result, payment cards are gradually replacing cash, and are n......
$3450

Payments Landscape in Sweden: Opportunities and Risks to 2021

Payments Landscape in Sweden: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Sweden: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Swedish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cash, direct debit, payment cards, and cheques during the review-period (2013-17e). 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 (2017-21f). It also offers information on the country's competitive landscape, including the market shares of is......
$2750

Payments in the Netherlands 2017: What Consumers Want

Payments in the Netherlands 2017: What Consumers Want Summary "Payments in the Netherlands 2017: What Consumers Want", report examines the consumer payments market in the Netherlands, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. The report also examines the main regulatory players overseeing the market. The Dutch payment cards market is mature, with a high penetration rate of 1.9 payment cards per inhabitant. The market is dominated by debit cards, as consumers perceive them to be more secure, cost-effective, and consumer-friendly. Pay-later card payments are not popular due to a cultural aversion towards debt. Dutch consumers are very comfortable using debit cards - accounting for 90% of the overall tra......
$3450

Payments Landscape in the Netherlands: Opportunities and Risks to 2021

Payments Landscape in the Netherlands: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in the Netherlands: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Dutch cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cash, direct debit, payment cards, and cheques during the review-period (2013-17e). 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 (2017-21f). It also offers information on the country's competitive landscape, including the mar......
$2750

Payments in China 2017: What Consumers Want

Payments in China 2017: What Consumers Want Summary China is the world's largest payment card market in terms of transaction value, accounting for US$13.3tn in 2017. This is followed by the US, the UK (US$1.1tn), Germany, and France. Cash, however, remains a popular payment instrument among Chinese consumers, especially in rural areas, accounting for 63% of the total payment transaction volume in 2017. One of the primary reasons for the dominance of cash is a consumer preference to keep track of their day-to-day spending. High penetration of smartphones and the long history of contactless payments have created a unique opportunity for mobile proximity payments in China. Chinese consumers are accustomed to using mobile phones for payments. In an environment in which e-commerce giants and......
$3450

Payments Landscape in China: Opportunities and Risks to 2021

Payments Landscape in China: Opportunities and Risks to 2021 Summary China is the world's largest payment card market in terms of transaction value followed by the US, the UK ($1.1tn), Germany, and France. Cash, however, remains a popular payment instrument among Chinese consumers, especially in rural areas, accounting for 63% of the total payment transaction volume in 2017. One of the primary reasons for the dominance of cash is a consumer preference to keep track of their day-to-day spending. Government and banks have begun to provide basic financial access to the unbanked population by expanding banking infrastructure, launching new branches, and making efforts to change consumer payment habits. As a result, payment cards are gradually becoming more accepted, with their use consequen......
$2750