866-997-4948(US-Canada Toll Free)

Retail Banking Market Insights: Taiwan

Published By :

Verdict Financial

Published Date : Dec 2015

Category :

Banking

No. of Pages : 43 Pages

Taiwan has a very competitive retail banking environment, with almost 40 providers operating in the country. The branch is still the main channel of acquisition for all segments. Consumers demand competitive rates, and due to its proximity and close business links to mainland China, renminbi-denominated products are highly sought after.

Key Findings

  • Consumers are cautious, meaning an existing relationship is important when choosing a current account. Accordingly, new entrants need to stress their own competence and reliability. Online will gradually grow in popularity, but branch proximity is still key.
  • Recommendations from friends and family drive provider choice when taking out a savings account, along with a conveniently located branch. In addition to good service and products, providers need to build a personal relationship with customers in order to drive recommendation.
  • Borrowers in Taiwan are most likely to choose a provider they already have an existing relationship with, but consumers often consult friends and families when choosing providers. Additionally, consumers in Taiwan are sensitive to price and display a desire for flexibility on repayments.

Synopsis

Verdict Financials Retail Banking Market Insights: Country Snapshot Taiwan is a review of the retail banking sector in Taiwan, with a particular focus on the current account, savings, mortgage, and personal loan markets. It includes both market-level data and insight from our global consumer survey.

  • Overview of Taiwans banking sector.
  • Insight into Taiwanese consumer preferences and their reasons for taking out particular financial products.
  • Learn about the main providers dominating the current account, savings, mortgage, and loan markets and the different factors persuading customers to choose them.
  • Discover the extent to which consumers are using online and mobile channels to research, take out, and use their financial products.

ReasonsToBuy

  • Futureproof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Taiwans retail banking sector.
  • Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
  • Learn about the impact new entrants and distribution channels will have on the market.

Table of Contents

CURRENT ACCOUNTS

SAVINGS ACCOUNTS

MORTGAGES

PERSONAL LOANS

BANK REGULATION

List of Table

NA

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *

Upcoming Reports

  • ATM Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

    ATM is an abbreviation of automated teller machine which is also known as automated banking machine, cash point, cash machine or cash line. It is a computerized telecommunication device that enables a client of financial institution to perform transactions without the support of a cashier, bank teller or clerk. The customer can perform a transaction by inserting a plastic smart card or magnetic stripe with a chip containing a unique card number...

  • Mobile Commerce Market - Global Industry Size, Market Share, Trends, Analysis, And Forecast, 2012 - 2017

    Mobile commerce is handled by devices like laptops, cellular phones, Smart phones and tablet computers to execute online commercial transactions. Mobile commerce is experiencing continuous growth in a variety of fields including sales and purchase of a wide range of services and goods, payments of bills, net banking and so on. All these transactions are collectively known as m-commerce or mobile commerce. Mobile commerce is a successor o...

  • Online Banking Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018

    Online banking is a service provided by financial institutions that allows customers to carry out financial transactions through secure websites. Many customers are turning towards the convenience and ease of online banking to carry out their financial transactions. These websites can be operated through a virtual bank by using a retail operator or through a credit union. With online banking, customers can conduct transactions such as account m...