Product Code: ETC5154659 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The mobile wallet market in Taiwan is booming as consumers embrace digital payment solutions. Taiwanese companies are focusing on developing secure and user-friendly mobile wallet applications that facilitate transactions, loyalty programs, and financial management, reshaping the payment landscape in the region.
The mobile wallet market in Taiwan is influenced by the growing adoption of digital payment solutions and contactless transactions. As consumers prioritize convenience and security in financial transactions, the demand for mobile wallet services is rising. The focus on enhancing customer experiences and promoting financial inclusion further supports market growth. Additionally, advancements in mobile payment technologies enhance the accessibility and usability of mobile wallet solutions.
The mobile wallet market grapples with regulatory hurdles and consumer trust issues. As mobile payment solutions become more prevalent, navigating the complex landscape of financial regulations is critical for providers. Ensuring compliance with local laws can be resource-intensive, particularly for companies operating in multiple regions. Additionally, building consumer trust in mobile wallet solutions is essential for widespread adoption, yet concerns about data security and fraud can hinder progress. Education and awareness campaigns are necessary to inform users about the benefits and safety of mobile wallets, but these initiatives can divert resources from core business activities.
In the mobile wallet market, government policies focus on promoting financial inclusion and the adoption of digital payment solutions. The Taiwanese government supports the development of mobile wallet technologies through funding for research initiatives. Regulatory frameworks ensure compliance with financial regulations and consumer protection laws, fostering trust in mobile wallet services among users.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Taiwan Mobile Wallet Market Overview |
3.1 Taiwan Country Macro Economic Indicators |
3.2 Taiwan Mobile Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Taiwan Mobile Wallet Market - Industry Life Cycle |
3.4 Taiwan Mobile Wallet Market - Porter's Five Forces |
3.5 Taiwan Mobile Wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Taiwan Mobile Wallet Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Taiwan Mobile Wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Taiwan Mobile Wallet Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Taiwan Mobile Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Taiwan |
4.2.2 Growing popularity of e-commerce and online shopping |
4.2.3 Government initiatives promoting cashless transactions |
4.3 Market Restraints |
4.3.1 Security concerns related to mobile wallet usage |
4.3.2 Lack of awareness and understanding among consumers |
4.3.3 Competition from traditional payment methods like cash and credit/debit cards |
5 Taiwan Mobile Wallet Market Trends |
6 Taiwan Mobile Wallet Market Segmentations |
6.1 Taiwan Mobile Wallet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Taiwan Mobile Wallet Market Revenues & Volume, By Proximity, 2021-2031F |
6.1.3 Taiwan Mobile Wallet Market Revenues & Volume, By Remote, 2021-2031F |
6.2 Taiwan Mobile Wallet Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Taiwan Mobile Wallet Market Revenues & Volume, By Near Field Communication, 2021-2031F |
6.2.3 Taiwan Mobile Wallet Market Revenues & Volume, By Qr Code, 2021-2031F |
6.2.4 Taiwan Mobile Wallet Market Revenues & Volume, By Text Based/short Message Service, 2021-2031F |
6.2.5 Taiwan Mobile Wallet Market Revenues & Volume, By Digital Only, 2021-2031F |
6.3 Taiwan Mobile Wallet Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Taiwan Mobile Wallet Market Revenues & Volume, By Hospitality & Transportation, 2021-2031F |
6.3.3 Taiwan Mobile Wallet Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.4 Taiwan Mobile Wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.3.5 Taiwan Mobile Wallet Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Taiwan Mobile Wallet Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.3.7 Taiwan Mobile Wallet Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4 Taiwan Mobile Wallet Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Taiwan Mobile Wallet Market Revenues & Volume, By Personal, 2021-2031F |
6.4.3 Taiwan Mobile Wallet Market Revenues & Volume, By Business, 2021-2031F |
7 Taiwan Mobile Wallet Market Import-Export Trade Statistics |
7.1 Taiwan Mobile Wallet Market Export to Major Countries |
7.2 Taiwan Mobile Wallet Market Imports from Major Countries |
8 Taiwan Mobile Wallet Market Key Performance Indicators |
8.1 Average transaction value through mobile wallets |
8.2 Number of new users adopting mobile wallet services |
8.3 Frequency of mobile wallet usage per user |
9 Taiwan Mobile Wallet Market - Opportunity Assessment |
9.1 Taiwan Mobile Wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Taiwan Mobile Wallet Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Taiwan Mobile Wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Taiwan Mobile Wallet Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Taiwan Mobile Wallet Market - Competitive Landscape |
10.1 Taiwan Mobile Wallet Market Revenue Share, By Companies, 2024 |
10.2 Taiwan Mobile Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |