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The Usage Rate of Mobile Payment Exceeds 70% for the First Time in Taiwan: MIC
May 05, 2023

MIC (Market Intelligence & Consulting Institute) conducted the 2022 consumer server on mobile payment usage rates and the findings show that the usage rate of mobile payments exceeded 70% for the first time in Taiwan. While the gap between mobile payments and physical bank cards continues to narrow, mobile payments have become the preferred payment method for consumers making purchases in physical and online stores.

Consumers' Preferred Payment Method When Making Purchase at a Physical or Online Store that Offer the Following Payment Options (single-choice question)

Note: 5,000 effective samples were collected during in the third quarter of 2022; cash for online stores also include cash on delivery services.

Source: MIC, May 2023

The frequency of mobile payment usage continues to increase in both physical and online stores. The number of users who increased their frequency of usage in physical stores increased by 15.5%, while the number of users who increased their frequency of usage in online stores increased by 4.9%, according to MIC.

Established in 1987, MIC is a division of III (Institute for Information Industry), a major government think tank, and one of the leading IT research institutes in Taiwan.

To know more about this topic, please visit: Taiwan Mobile Payment Market Developments and Industry Trends (pre-order)


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