In alignment with the Taiwanese government's active promotion of green consumption, state-owned banks are taking proactive steps to encourage sustainable choices. The Ministry of Finance, for instance, initiated an incentive measure called “Refund and Excise Tax Reduction for Purchase of Energy Saving Electrical Appliances”.
As Taiwan grapples with sluggish economic growth and heightened inflation rates, the Taiwan Research Institute, a prominent economic think tank, has revised its GDP growth forecast for 2023 to 1.45%.
The paradigm shift in consumer behaviour from conventional in-store shopping to online shopping, accelerated by the pandemic, has facilitated the rise of fintech solutions like ‘Buy Now Pay Later’ (BNPL) in Taiwan. Over the past two to three years, BNPL services have gained widespread popularity, primarily facilitated by established companies operating in e-commerce, telecommunications, and finance sectors.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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