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Learn moreDec 2020
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Debit card transactions have continued to grow at a similar rate to the average for the review period in 2020, both in terms of volume and value, with these cards more commonly used for high frequency low-value transactions. While COVID-19 has resulted in a drop in tourism and travel, as well as a more cautious approach to leaving the home, consumers have seemingly continued to shop at similar levels to pre-COVID-19 for everyday items.
While credit cards dominate card payments, there has been an ongoing push by banks in Taiwan in 2020 to encourage consumers to take out debit cards. This has included cash rebates and welcome promotions.
A key function of debit cards in Taiwan remains as an ATM card, with consumers using their debit cards to withdraw cash from the country’s large network of ATMs. In the face of COVID-19, there has been an increase in the services available through ATMs to support those consumers looking to maintain social distancing.
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Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Taiwan with research from Euromonitor's team of in-country analysts.
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Euromonitor’s industry reports, including Debit 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.