Taiwan Payment Market Research Report, Analysis, Opportunities, Segmentation, Applications, Economics and Technology : Ken Research - PowerPoint PPT Presentation

About This Presentation
Title:

Taiwan Payment Market Research Report, Analysis, Opportunities, Segmentation, Applications, Economics and Technology : Ken Research

Description:

The report gives a detailed insight about the consumers preferences and the major card payment option and the usage. The report identifies the competitors over the past five years and studies the strategies and market trends. The report also gives customer’s attitudes towards payment options and the change of trends over the past five years. – PowerPoint PPT presentation

Number of Views:10
Slides: 7
Provided by: ken001
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: Taiwan Payment Market Research Report, Analysis, Opportunities, Segmentation, Applications, Economics and Technology : Ken Research


1
  • What Customers In Taiwanese Market Want From
    Payment Market Ken Research

2
  • Ken Researchs Payments in Taiwan 2018 What
    consumers want gives a detailed insight about the
    consumers preferences and the major card payment
    option and the usage. The report identifies the
    competitors over the past five years and studies
    the strategies and market trends. The report also
    gives customers attitudes towards payment
    options and the change of trends over the past
    five years. 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, Chinatrust
    Commercial Bank, E.SUN Bank, Taishin
    International Bank, Citibank, Visa, Mastercard,
    Smartpay, JCB, American Express.

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. Studies
    show almost one-fourth of every money earned
    being saved in Taiwan. The countrys smartphone
    penetration is one of the highest in the whole
    world. Global payments revenue has been
    increasing in multi-fold despite many disruptions
    in the market. 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.

4
  • While the whole world moved towards making
    payments online, Taiwan market still continues to
    prefer using cash. The reasons include sceptic
    business owners and other existing payment
    options satisfying the consumers there. However,
    the shift happened in 2015, where the government
    liberalised the electronic payments platform. As
    a result of this, various players like Apple Pay,
    Google Pay, WeChat Pay, Samsung Pay and Line Pay
    launched their services in the market. After the
    government passed the Act Governing Electronic
    Payment, the consumers making electronic payments
    almost doubled in two years of time. However, the
    lack of any unified standard in the
    mobile-payment sector, with credit cards, NFC
    contactless payments and QR code scanning all in
    use by various operators, there is uncertainty
    among consumers. The e-commerce market of Taiwan
    is one of the fastest growing in South-east Asia
    and will help grow the payments market.

5
  • To know more, click on the link below
  • https//www.kenresearch.com/banking-financial-serv
    ices-and-insurance/financial-services/payments-tai
    wan-consumers/152762-93.html
  • Related Reports-
  • https//www.kenresearch.com/banking-financial-serv
    ices-and-insurance/financial-services/payments-in-
    norway/142521-93.html
  • https//www.kenresearch.com/banking-financial-serv
    ices-and-insurance/financial-services/payments-in-
    ireland-2017-what-consumers-want/142699-93.html
  • Contact UsKen ResearchAnkur Gupta, Head
    Marketing Communicationssales_at_kenresearch.com
  • 91-9015378249
  •  

6
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com