Taiwan Cards And Payments Opportunities And Risks Analysis Report 2025

(MENAFN- GlobeNewsWire - Nasdaq) Key opportunities in Taiwan's cards and payments industry include the growth of QR-code-based and contactless payments, regulatory support for digital payments, and increased integration of payment systems in public transport. These facilitate Taiwan's transition towards a cash-light economy, offering robust prospects for fintech innovation and market expansion.

Dublin, Sept. 08, 2025 (GLOBE NEWSWIRE) -- The "Taiwan (Province of China) Cards and Payments: Opportunities and Risks to 2029" report has been added to ResearchAndMarkets.com's offering.
The 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, card, credit transfer, direct debits, and cheques during the review-period (2021-25e).
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 (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

Key Highlights

• QR-code-based payments have significant growth prospects in Taiwan. In October 2023, to promote QR codes in digital payments, the FISC introduced TWQR; the national standard for QR-based payments. TWQR aims to unify fragmented, QR-driven payment services into interoperable solutions; eliminating the need for merchants and customers to maintain multiple accounts and display numerous QR codes. Furthermore, in January 2024, South Korea's domestic card system BC Card allowed Taiwanese tourists to pay with TWQR at partner merchants in South Korea. This enables Taiwanese tourists to make hassle-free payments at BC Card's QR-affiliated merchants in South Korea.
• Contactless payment options have been integrated into public transportation systems. As of June 2023, the Taipei Mass Rapid Transit (MRT) has periodically upgraded 1,396 ticketing gates across its 117 stations to facilitate contactless payments using credit cards and mobile wallets, including Apple Pay, Google Pay, and Samsung Pay. Most recently, in June 2025, the Taipei MRT announced plans to enhance ticketing gates to accommodate Apple Pay's Express Mode for credit cards. This feature will enable iPhone users to access the system by simply tapping in and out without the need to unlock their devices with Face ID or Touch ID. Implementation of this upgrade is scheduled to commence in October 2025.
• The government is proactively undertaking regulatory measures to drive electronic payments. In January 2023, the government introduced amendments to the Act Governing Electronic Payment Institutions, first initiated in 2015, aimed at promoting and enhancing the competitiveness of the electronic payment industry. Furthermore, the introduction of the Digital Nation and Innovative Economic Development Plan (2017-25) is facilitating the growth of Taiwan's digital economy and fostering the development of fintechs and digital payment technologies. Additionally, in January 2024, the Financial Supervisory Commission (FSC) set a new target to achieve eight billion non-cash payment transactions by 2026. With these growth initiatives, Taiwan is on the path towards a cash-light economy.

Scope

• Card market size in terms of number of cards, value and volume of transactions in Taiwan long with detailed card segmentation of debit, and credit cards available in the country.
• Market sizing and analysis of major payment instruments including cash, credit transfer, card, cheques and direct debits .
• Payment market trends and growth for both historical and forecast period
• Competitor analysis with detailed insights into leading card issuers and schemes.
• Comprehensive analysis of consumer attitudes and buying preferences for cards.
• A detailed snapshot of country's key alternative payment brands.

Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Payment Instruments
4. Card-Based Payments
5. Ecommerce Payments
6. In-Store Payments
7. Buy Now Pay Later
8. Mobile Payments
9. P2P Payments
10. Bill Payments
11. Alternative Payments
12. Payment Innovation
13. Job Analysis
14. Payment Infrastructure and Regulation
15. Appendix

Companies Featured

• Chunghwa Post
• First Commercial Bank
• Chinatrust Commercial Bank
• Taiwan Cooperative Bank
• Taishin International Bank
• Hua Nan Commercial Bank
• Cathay United Bank
• E.SUN Bank
• Taipei Fubon Commercial Bank
• Bank of Taiwan
• Chang Hwa Commercial Bank
• Bank SinoPac
• Land Bank of Taiwan
• Yuanta Commercial Bank
• Shin Kong Commercial Bank
• Mega International Commercial Bank
• Credit Departments of Farmers' & Fishermen's Association
• Taiwan Business Bank
• Union Bank of Taiwan
• Standard Chartered
• The Shanghai Commercial & Savings Bank
• American Express
• Diners Club
• JCB
• U card
• Taiwan Pay
• Visa
• Mastercard
• American Express

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

MENAFN08092025004107003653ID1110030713