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Taiwans Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Published By :

Timetric

Published Date : Mar 2015

Category :

Banking

No. of Pages : 83 Pages

Synopsis

The report provides top-level market analysis, information and insights into Taiwan's cards and payments industry, including:

  • Current and forecast values for each category of Taiwan's cards and payments industry, including debit cards, credit cards and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Taiwan's cards and payments industry
  • Detailed analysis of marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market
  • Comprehensive analysis of consumer attitudes and buying preferences for cards
  • The competitive landscape of Taiwan's cards and payments industry
Executive summary

  • Timetric’s 'Taiwan’s Cards and Payments Industry, Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape' report provides detailed analysis of market trends in Taiwan’s cards and payments industry. It provides values and volumes of a number of key performance indicators (KPIs) operating in the industry, including credit transfers, check payments, cash transactions, payment cards and direct debits during the review period (2009-2013).
  • The report also analyses various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and transaction volume, during the review period and over the forecast period (2014-2018). Additionally, it offers information pertaining to the competitive landscape in the country, including market shares of issuers and schemes.
  • This brings together Timetric’s research, modeling, and analysis expertise, to develop an insightful report. This allows banks and card issuers to identify segment dynamics, competitive advantage and profiles of card issuers operating in the country. The report also covers a detailed regulatory policies and recent changes in regulatory structure and information, on card fraud statistics.
Scope

  • This report provides a comprehensive analysis of Taiwan's cards and payments industry.
  • It provides current values for Taiwan's cards and payments industry for 2013, and forecast figures for 2018.
  • It details the different economic, infrastructural and business drivers affecting Taiwan's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details the marketing strategies used by various banks and other institutions.
  • It profiles major banks in Taiwan's cards and payments industry.
Reasons to buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to Taiwan's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities within Taiwan's cards and payments industry.
  • Assess the competitive dynamics in Taiwan's cards and payments industry.
  • Gain insights into marketing strategies used for selling various card types in Taiwan.
  • Gain insights into key regulations governing of Taiwan's cards and payments industry.
Key highlights

  • The development of banking infrastructure, a higher awareness of electronic payments and wider acceptance of payment cards at point of sale (POS) terminals supported the growth of payment cards during the review period (2009–2013), in terms of both transaction value and volume.
  • In terms of the number of cards in circulation, Taiwanese payment cards (including debit and credit cards) increased significantly during the review period, recording a compound annual growth rate (CAGR) of X.XX%, increasing from XXX.X million in 2009 to XXX.X million in 2013.
  • In terms of transaction value, payment cards valued TWDXX.X trillion (US$XXX.X billion) in 2013, after registering a review-period CAGR of X.XX%. Furthermore, the rising adoption of contactless cards also supported the growth of payment cards during the review period, in terms of transaction value and volume.
  • In terms of frequency of use, however, Taiwan recorded XX.X transactions per card in 2013. New Zealand, with XXX.X, had the highest frequency of use, followed by Australia (XX.X), South Korea (XX.X), Singapore (XX.X) and Indonesia (XX.X).
Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Payment Instruments
3.1 Current Payments Environment
3.2 Alternative Payment Instruments
3.2.1 Web ATM
3.2.2 Alipay
3.2.3 ibon
3.2.4 Skrill
3.2.5 PayPal
3.2.6 Click2Pay
3.2.7 ClickandBuy

4 Market Attractiveness and Future Prospects of Cards and Payments

5 Analysis of Cards and Payments Industry Drivers
5.1 Demographic Drivers
5.2 Economic Drivers
5.3 Infrastructure Drivers
5.4 Business Drivers

6 Emerging Consumer Attitudes and Trends
6.1 Market Segmentation and Targeting
6.1.1 Consumer cards
6.1.2 Corporate cards
6.2 New Product Launches
6.3 Travel Spending
6.3.1 Outbound trips volume and spending
6.3.2 Inbound trips volume and spending

7 Payment Cards
7.1 Payment Cards Instrument Analysis
7.1.1 Number of cards in circulation by card type
7.1.2 Transaction volume by card type
7.1.3 Transaction value by card type
7.1.4 Personal vs commercial cards

8 Debit Cards
8.1 Debit Cards Market Analysis
8.1.1 Number of debit cards in circulation
8.1.2 Debit cards transaction volume by channel
8.1.3 Debit cards transaction value by channel
8.1.4 Number of debit cards in circulation by scheme
8.1.5 Debit cards transaction value by scheme
8.1.6 Debit cards issuers’ market shares
8.1.7 Debit cards comparison

9 Credit Cards
9.1 Credit Cards Market Analysis
9.1.1 Number of credit cards in circulation
9.1.2 Credit cards transaction volume by channel
9.1.3 Credit cards transaction value by channel
9.1.4 Number of credit cards in circulation by scheme
9.1.5 Credit cards transaction value by scheme
9.1.6 Credit cards issuers market share
9.1.7 Credit cards comparison

10 Commercial Cards
10.1 Commercial Cards Market Analysis
10.1.1 Number of commercial cards in circulation
10.1.2 Commercial cards transaction value
10.1.3 Commercial cards comparison

11 Regulations in the Cards and Payments Industry
11.1 Regulatory Framework
11.2 Anti-Money Laundering (AML)
11.3 Foreign Direct Investment (FDI) Regulations

12 Card Fraud Statistics
12.1 Card Fraud Analysis

13 Card Issuers
13.1 Bank of Taiwan
13.2 Chinatrust Commercial Bank
13.3 Taiwan Cooperative Bank
13.4 Cathay United Bank
13.5 Land Bank of Taiwan

14 Card Schemes
14.1 Visa
14.2 MasterCard
14.3 American Express

15 Prepaid Cards
15.1 Prepaid Cards Market Analysis
15.1.1 Number of prepaid cards in circulation
15.1.2 Prepaid cards transaction value
15.1.3 Open-loop prepaid cards
15.1.4 Closed-loop prepaid cards
15.1.5 Prepaid cards comparison

16 Appendix
16.1 Tables
16.2 Methodology
16.3 Contact Timetric
16.4 About Timetric
16.5 Timetric’s Services
16.6 Definitions
16.7 Disclaimer

List of Table

Table 1: Taiwan – Key Facts, 2013
Table 2: Regional Benchmarking of Taiwanese Payment Cards Instrument, 2013
Table 3: Specialized Cards for High-Income Consumers
Table 4: Specialized Cards for Frequent Travelers
Table 5: Specialized Cards for Young Population
Table 6: Specialized Cards for Business Managers and Entrepreneurs
Table 7: Taiwan – New Product Launches
Table 8: Regional Benchmarking of Taiwanese Debit Cards, 2013
Table 9: Taiwan – Debit Cards Comparison and Key Features
Table 10: Regional Benchmarking of Taiwanese Credit Cards, 2013
Table 11: Taiwan – Premium Credit Cards Comparison and Key Features
Table 12: Taiwan – Commercial Cards Comparison and Key Features
Table 13: Taiwan – Market Entry Strategies of Foreign Banks
Table 14: Regional Benchmarking of Taiwanese Prepaid Cards, 2013
Table 15: Taiwan – Prepaid Cards Comparison and Key Features
Table 16: Taiwan – Payment Instruments Transaction Value (TWD Trillion), 2009–2013
Table 17: Taiwan – Payment Instruments Transaction Value (US$ Billion), 2009–2013
Table 18: Taiwan – Payment Instruments Transaction Volume (Million), 2009–2013
Table 19: Taiwan – Number of Cards in Circulation by Card Types (Thousand), 2009–2018
Table 20: Taiwan – Transaction Volume by Card Type (Million), 2009–2018
Table 21: Taiwan – Transaction Value by Card Type (TWD Trillion), 2009–2018
Table 22: Taiwan – Transaction Value by Card Type (US$ Billion), 2009–2018
Table 23: Taiwan – Personal and Commercial Cards Transaction Value (TWD Billion), 2009–2018
Table 24: Taiwan – Personal and Commercial Cards Transaction Value (US$ Billion), 2009–2018
Table 25: Taiwan – Number of Debit Cards in Circulation (Million), 2009–2018
Table 26: Taiwan – Debit Cards Transaction Volume and Frequency by Channel, 2009–2018
Table 27: Taiwan – Debit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 28: Taiwan – Debit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 29: Taiwan – Number of Debit Cards in Circulation By Scheme (Million), 2009–2013
Table 30: Taiwan – Debit Cards Transaction Value By Scheme (TWD Million), 2009–2013
Table 31: Taiwan – Debit Cards Transaction Value By Scheme (US$ Billion), 2009–2013
Table 32: Taiwan – Debit Cards Transaction Value by Issuer (TWD Billion), 2009–2013
Table 33: Taiwan – Debit Cards Transaction Value by Issuer (US$ Million), 2009–2013
Table 34: Taiwan – Number of Credit Cards in Circulation (Million), 2009–2018
Table 35: Taiwan – Credit Cards Transaction Volume and Frequency by Channel, 2009–2018
Table 36: Taiwan – Credit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 37: Taiwan – Credit Cards Total and Average Transaction Value by Channel, 2009–2018
Table 38: Taiwan – Number of Credit Cards in Circulation By Scheme (Thousand), 2009–2013
Table 39: Taiwan – Credit Cards Transaction Value By Scheme (TWD Billion), 2009–2013
Table 40: Taiwan – Credit Cards Transaction Value By Scheme (US$ Billion), 2009–2013
Table 41: Taiwan – Credit Cards Transaction Value By Issuer (TWD Billion), 2009–2013
Table 42: Taiwan – Credit Cards Transaction Value By Issuer (US$ Billion), 2009–2013
Table 43: Taiwan – Credit Cards Balance Outstanding By Issuer (TWD Billion), 2009–2013
Table 44: Taiwan – Credit Cards Balance Outstanding By Issuer (US$ Million), 2009–2013
Table 45: Taiwan – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Table 46: Taiwan – Commercial Cards Transaction Value (TWD Billion), 2009–2018
Table 47: Taiwan – Commercial Cards Transaction Value (US$ Billion), 2009–2018
Table 48: Taiwan – Card Fraud (TWD Million), 2009–2013
Table 49: Taiwan – Card Fraud (US$ Million), 2009–2013
Table 50: Taiwan – Number of Prepaid Cards in Circulation (Million), 2009–2018
Table 51: Taiwan – Prepaid Cards Transaction Value (TWD Billion), 2009–2018
Table 52: Taiwan – Prepaid Cards Transaction Value (US$ Billion), 2009–2018
Table 53: Taiwan – Open-Loop Prepaid Cards, 2009–2018
Table 54: Taiwan – Closed-Loop Prepaid Cards, 2009–2018
Table 55: Key Definitions

List of Chart

Figure 1: Taiwan – Payment Instruments Shares by Transaction Value (%), 2009 and 2013
Figure 2: Taiwan – Payment Instrument Shares by Transaction Volume (%), 2009 and 2013
Figure 3: Taiwan – Payment Cards Transaction Value and Growth, 2009–2018
Figure 4: Taiwan – Total Population (Million) and Proportion Aged Over 65, 2009–2018
Figure 5: Taiwan – Nominal GDP Per Capita (US$) and Real GDP Growth Rate (%), 2009–2018
Figure 6: Taiwan – Volume of ATMs and Penetration, 2009–2018
Figure 7: Taiwan – Volume of POS Terminals and Penetration, 2009–2018
Figure 8: Taiwan – E-Commerce Value (TWD Billion), 2009–2018
Figure 9: Taiwan – Cards and Payments Industry Segmentation by Card Type
Figure 10: Taiwan – Outbound Trips Volume and Spending, 2009–2018
Figure 11: Taiwan – Inbound Trips Volume and Spending, 2009–2018
Figure 12: Taiwan – Card Shares In Terms of Numbers in Circulation (%), 2009–2018
Figure 13: Taiwan – Card Shares in Terms of Transaction Volume (%), 2009–2018
Figure 14: Taiwan – Card Shares in Terms of Transaction Value (%), 2009–2018
Figure 15: Taiwan – Personal and Commercial Cards, Transaction Value (TWD Billion), 2009–2018
Figure 16: Taiwan – Number of Debit Cards in Circulation (Million), 2009–2018
Figure 17: Taiwan – Debit Card Transaction Volumes by Channel (Million), 2009–2018
Figure 18: Taiwan – Debit Card Transaction Values by Channel (TWD Trillion), 2009–2018
Figure 19: Taiwan – Debit Card Scheme Shares in Terms of Number of Cards in Circulation (%), 2013
Figure 20: Taiwan – Debit Card Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 21: Taiwan – Debit Card Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 22: Taiwan – Number of Credit Cards in Circulation (Million), 2009–2018
Figure 23: Taiwan – Credit Card Transaction Volumes by Channel (Million), 2009–2018
Figure 24: Taiwan – Credit Card Transaction Values by Channel (TWD Billion), 2009–2018
Figure 25: Taiwan – Credit Card Scheme Market Shares in Terms of Number of Cards in Circulation (%), 2013
Figure 26: Taiwan – Credit Card Scheme Market Shares in Terms of Transaction Value (%), 2013
Figure 27: Taiwan – Credit Card Issuers’ Market Shares in Terms of Transaction Value (%), 2013
Figure 28: Taiwan – Credit Card Issuers’ Market Shares in Terms of Outstanding Balance (%), 2013
Figure 29: Taiwan – Number of Commercial Cards in Circulation (Thousand), 2009–2018
Figure 30: Taiwan – Commercial Card Transaction Values (TWD Billion), 2009–2018
Figure 31: Taiwan – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2009 and 2013
Figure 32: Taiwan – Number of Prepaid Cards in Circulation (Million), 2009–2018
Figure 33: Taiwan – Prepaid Cards Transaction Value (TWD Billion), 2009–2018

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