Taiwanese Cards & Payments Sector Scrutinised in New Topical Timetric Study Published at MarketPublishers.com26 Jul 2013 • by Natalie Aster
LONDON – Taiwan’s card payments channel grew at a moderate pace during the review period. In terms of the number of cards in circulation, the sector expanded at just over 2.4% CAGR to reach 119mn in 2012. The growth was driven by the country’s strong banking infrastructure and consumers’ move towards cashless payments. Card volume is forecast to record nearly 2.5% CAGR during the forecast period, to reach 135.8mn by 2017. In terms of the value of transactions, the card payments sector declined from USD 400.1bn in 2008 to USD 356.8bn in 2012. Going forward, the card transaction value in the country is anticipated to grow from USD 373bn in 2013 to USD 447.6bn by end-2017, at 4.65% CAGR. In 2012, the debit card category dominated the industry with over 68% share, followed by credit cards (29.2%).
New topical study “Emerging Opportunities in Taiwan's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape” drawn up by Timetric offers extensive research and in-depth analysis of Taiwan's cards and payments industry.
The study provides historic (2008-2012), current and forecast values (to 2017) for each category of the industry including credit cards, debit cards, charge cards and prepaid cards. It examines the industry’s market attractiveness and future growth areas; details a variety of drivers (infrastructural, macroeconomic, consumer and business) and regulations affecting the sector; analyses the marketing strategies adopted by various bankers and other institutions; reviews consumer attitudes and their buying preferences for cards. The research investigates the competitive landscape of Taiwan's cards and payments industry, and also profiles key players in the field, including Citibank Taiwan, Taiwan Cooperative Bank and HSBC Bank (Taiwan) Limited.
Other companies mentioned in the report include: Cathay United Bank, Chinatrust Commercial Bank, E.Sun Commercial Bank, Bank SinoPac, Taishin International Bank, Visa, MasterCard, American Express and Diners Club.
Emerging Opportunities in Taiwan's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
Published: July, 2013
Price: US$ 3,995.00
More new market research studies by the publisher can be found at Timetric page.