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Taiwan’s Mobile Payments Outpace Card Payments for the First Time in 1H 2020

Published: Jul 13,2020

TAIPEI, Taiwan - Given the availability of four common payment methods (physical cards, cash, electronic stored cards, and mobile payments) of physical stores, 35.3% of Taiwanese consumers chose mobile payments, outpacing physical card (credit/debit) payments’ 33.9% for the first time in the first half of 2020, according to a survey conducted by MIC (Market Intelligence & Consulting Institute), a government think tank and an IT research institute in Taiwan.

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