Taipei, Wednesday, Apr 24, 2024, 05:59

News

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.

More on This

ChatGPT to Drive Orders for Servers Equipped with AI Accelerator Cards: MIC

Since opening to the public at the end of 2022, ChatGPT`s user base has continued to grow, surpassing 100 million users. Driven by ChatGPT...

Taiwanese Manufacturing industry Concerned about IT Security

TAIPEI, Taiwan - Taiwan's IT research institute MIC (Market Intelligence & Consulting Institute) conducted surveys in la...

“Based on the MIC findings, although physical cards still remain the most commonly used method for payment in Taiwan, mobile payments’ share continues on the rise to 59.7% in the first half of 2020, up from 43.8% in 2018,” said Robin Hu, senior industry analyst with MIC.

“For Taiwanese consumers, mobile payments and electronic stored cards, the second most common method, are now equally popular.”

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

449 viewed

Most Popular

comments powered by Disqus