Taiwan’s card payment market is projected to grow at a 12.7% CAGR through 2025, driven by digital banks and contactless adoption.
Taiwan’s card payment market is forecast to reach $117.7bn by 2026, expanding at a 12.7% compound annual growth rate from 2021 to 2025. The surge is fueled by digital-only banks, the phase-out of magnetic stripe cards, and rising contactless payment usage.
Regulatory support and wider acceptance of credit cards and mobile wallets from July 2026 will further accelerate adoption. Increased point-of-sale terminal installations are also expected to help small and medium-sized businesses transition to digital transactions.
Thailand is similarly advancing cashless payments, with banks offering incentives like rewards and cashback to drive usage. A growing middle class and younger, tech-savvy population are supporting demand despite lower card penetration compared to mature markets.