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Increasing Competition In Taiwan Payment Industry: Ken Research

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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. – PowerPoint PPT presentation

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Title: Increasing Competition In Taiwan Payment Industry: Ken Research


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Increasing Competition In Taiwan Payment
Industry Ken Research
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  • 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).

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  • 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.

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  • 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.

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  • 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.

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

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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.

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

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