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Mobile Payments Used Mainly for Restaurant Bills and Transportation Fees in Taiwan

Published: Mar 21,2017

Mobile payments are mainly used for paying restaurant bills and vouchers, and for transportation fees, according to a survey released by Taipei-based IT research institute MIC (Market Intelligence & Consulting Institute).

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"The relatively huge gap between the dining and other categories is because vendors in other categories have yet to develop a complete mobile payment environment compared to the dining category which the system was originally designed for," says Tzu-li Hu, a senior industry analyst with MIC.

“Moreover, physical retail outlets and credit card-issuing banks are two major sources Taiwanese consumers learn about mobile payments and therefore expanding their mobile payment availability will be strategically important for the mobile payment industry in Taiwan.”

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