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Learn moreDec 2020
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Taiwan moved swiftly to contain COVID-19 and this appears to have paid dividends with far fewer cases and deaths recorded compared to comparable-sized markets. As such, the government has not felt compelled to introduce such strict restrictions as seen elsewhere, with this allowing consumers to spend more freely.
The government in Taiwan has not introduced any lockdowns to date. From 28 January, it started quarantining people with travel histories that might have exposed them to COVID-19.
In response to COVID-19, the Taiwanese government launched its ‘Triple Stimulus Voucher” programme to help stimulate Taiwan's sagging economy. The programme allows Taiwanese citizens as well as foreign spouses to purchase vouchers worth TWD3,000 (USD105) for TWD1,000 (USD35).
Social distancing rules have led to a dramatic increase in online food delivery and takeaway transactions in 2020. Mobile wallet, JKoPay, introduced its “JKo Coupon” for small and medium-sized foodservice merchants to help provide support.
In Taiwan one of the key attractions for consumers when it comes to choosing their preferred payment method is the rewards and benefits they receive. This is one of the kay factors behind the importance of credit cards, which typically have among the best reward schemes.
Taiwan has so far managed to successfully contain the spread of COVID-19 within its borders and as such the impact on its economy is not expected to be as significant as in many other markets. GDP is expected to decline by 1.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments industry in Taiwan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Financial Cards and Payments industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
The Financial Cards and Payments in Taiwan market research report includes:
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Why buy this report?
Euromonitor’s industry reports, including Financial Cards and Payments in Taiwan, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.
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.