PROSPECTS AND OPPORTUNITIES
Blurring lines between payment methods and continuous development of multi-faceted financial services to appeal as a one-stop-shop
As pre-paid cards in Taiwan continues to evolve, players in open-loop pre-paid cards are expected to adapt and innovate to appeal to younger generations and maintain their shares and growth. Taiwanese consumers, especially the younger demographic, place a high emphasis on value for money, and seek seamless and convenient payment options that align with their digital lifestyles.
Monthly transportation schemes set to boost usage of open loop pre-paid cards
Monthly transportation passes, such as the TPASS Commuter Pass, have revolutionised commuting in Taiwan. These passes, available on open loop pre-paid cards such as EasyCard, iPASS, and iCash, significantly reduce commuting expenses, making public transportation more affordable for regular commuters.
Continuous decline expected for closed loop pre-paid cards
Nevertheless, in Taiwan, closed loop pre-paid cards is set to face a more challenging landscape, with minimal room for survival, and is expected to continue its decline in the early forecast period. This downwards trend can be attributed to several key factors that are reshaping the payments industry in the country.
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Overview:
Understand the latest market trends and future growth opportunities for the Pre-Paid Card Transactions 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 Pre-Paid Card Transactions 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 Pre-Paid Card Transactions 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 Pre-Paid Card Transactions in Taiwan?
- What are the major trends key to understanding Pre-Paid Card Transactions 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?
Charge Cards in Taiwan - Category analysis
Charge Cards in Taiwan - Company Profile
KEY DATA FINDINGS
American Express sees growing issuance, with efforts on expanding its local presence
Steady growth for charge cards in Taiwan
American Express enhances daily touchpoints to appeal to consumers
Continued growth expected for charge cards in Taiwan
American Express will continue to lead
Seizing the growth potential in Taiwan
Credit Cards in Taiwan - Category analysis
Credit Cards in Taiwan - Company Profile
KEY DATA FINDINGS
Reshuffling of credit card issuance ranking as players align benefits with key activities to attract consumers
Enhanced offers of digital wallets intensify the competition
Usage of Buy Now, Pay Later (BNPL) remains low
Outbound travel booking and spending likely to be a key battlefield in the short term
Intensifying competition expected, as loyalty and personalisation will be key
BNPL is likely to be an area to watch
Debit Cards in Taiwan - Category analysis
Debit Cards in Taiwan - Company Profile
KEY DATA FINDINGS
Debit cards used for day-to-day transactions for financial prudence amongst younger generations
Enhancing the product offer for overseas transactions to tap into travel demand
Rising popularity of digital wallets
Further education, and tailoring offers to consumer preferences needed for debit card transactions to grow more quickly
Reimagining offers for niche target segments to ensure growth
Digital banks to be important growth drivers with enhanced services
Pre-Paid Cards in Taiwan - Category analysis
Pre-Paid Cards in Taiwan - Company Profile
KEY DATA FINDINGS
Pre-paid cards maintains its importance in Taiwan, especially for daily low value transactions
EasyCard remains the leader in pre-paid cards
Closed-loop pre-paid cards continues its decline
Blurring lines between payment methods and continuous development of multi-faceted financial services to appeal as a one-stop-shop
Monthly transportation schemes set to boost usage of open loop pre-paid cards
Continuous decline expected for closed loop pre-paid cards
Store Cards in Taiwan - Category analysis
Store Cards in Taiwan - Company Profile
Financial Cards and Payments in Taiwan - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Change of age of adulthood impacts the industry
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Pre-Paid Card Transactions
- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
Pre-Paid Card Transactions
A card paid for at point of sale, and permitting the bearer to buy goods or services usually of a particular type up to the pre-paid value. These cards acts as an alternative to cash. The card can be disposable or re-loadable.
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 Pre-Paid Card Transactions research and analysis database.
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