PROSPECTS AND OPPORTUNITIES
Disruption and transformation expected to democratise financial services
Consumer lending in Taiwan is expected to see significant transformation with the introduction of the Lightweight Sandbox initiative by the Financial Supervisory Commission in mid-2024. This move is poised to revolutionise the traditional banking landscape by enabling greater access to financial services for credit novices, while granting banks more autonomy to develop innovative products tailored to specific customer segments.
BNPL expected to focus on differentiating as a payment method for long-term development and growth
Buy Now, Pay Later (BNPL) is poised for significant growth in the forecast period as players strive to capitalise on this emerging opportunity within the financial services industry. The continuous development and expansion of BNPL services are expected, driven by the increasing demand for flexible payment options amongst consumers.
Continuous growth expected for consumer credit amidst challenging macroeconomic environment
Consumer credit is expected to see continuous growth in the forecast period, with growth in gross lending driven by card lending, amidst a backdrop of shifting economic trends and evolving consumer behaviours. The Taiwan Research Institute’s optimistic GDP forecast of 3.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in Taiwan?
- What are the major trends key to understanding Consumer Credit in Taiwan?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in Taiwan - Category analysis
KEY DATA FINDINGS
Enhancing financial inclusion through the better provision of financial services to credit novices
Continuous adoption of Buy Now, Pay Later in Taiwan
Surge in household debt sends signals regarding debt obligation management
Disruption and transformation expected to democratise financial services
BNPL expected to focus on differentiating as a payment method for long-term development and growth
Continuous growth expected for consumer credit amidst challenging macroeconomic environment
Consumer Lending in Taiwan - Industry Overview
Consumer lending in 2024: The big picture
2024 key trends
Tightening of mortgage lending criteria to cool housing market
Digital banks diversify their services, including tax loans
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- 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
This report originates from Passport, our Consumer Credit research and analysis database.
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