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Learn moreDec 2020
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Charge cards are not used extensively by the Taiwanese, with it remaining a relatively niche area in terms of card payments accounting for a tiny fraction of overall card transactions. Users of charge cards must settle their outstanding dues by the end of the billing month, meaning they have less flexibility than credit cards.
Charge cards has been negatively impacted by COVID-19 in terms of both commercial and personal charge cards as the demand for travel-related services and luxury goods has declined. Even prior to COVID-19, many personal charge cardholders had started to switch to premium credit cards, which also offer exclusive privileges and luxurious benefits.
In an effort to reach Taiwan’s growing base of young and affluent consumers, American Express launched its revamped Platinum Card in Taiwan in 2020. The new charge card comes in a sleek metal design and offers a whole host of benefits including airport lounge access, special hotel privileges such as early check-in/late check-out, discounts on dining at top restaurants and hotels and access to the company’s Membership Rewards programme.
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Discover the latest market trends and uncover sources of future market growth for the Charge Card Transactions industry in Taiwan with research from Euromonitor's team of in-country analysts.
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If you're in the Charge Card Transactions industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Charge Card Transactions in Taiwan market research report includes:
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Euromonitor’s industry reports, including Charge Card Transactions in Taiwan, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.