Chart of the Week: Over 1 in 4 of Taiwan’s online transactions use alternative payments
Over a quarter of Taiwanese online shoppers prefer to pay via alternative payment methods.
Taiwan’s FSC accelerates financial cybersecurity measures with new action plan
Some measures include appointing Chief Information Security Officers.
Chart of the Week: Taiwan’s card payments market value to hit $172.8b in 2026
Usage will rise to 64 uses per card per year, from 45 annual uses a card in 2022.
Citi names Aftab Ahmed as Citibank Taiwan chairman
Ahmed has worked in Citi for over 40 years.
Taiwan banks’ bad loans dropped to $1.86b
NPL ratio remained at 0.16%.
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach
The FSC also ordered the bank to suspend its president for three months.
Taiwan bad loans increased by $400m in July
Total outstanding loans increased to $1.19t at the end of July.
Turning pandemic woes into a sea of opportunities for digital banking
Bank SinoPac has demonstrated its digital strength to accelerate the digitisation of its customer service and internal operations.
Taiwan banks’ profits flat in 2023
Bottom lines are expected to remain flat in the same year.
Taiwan signs fintech cooperation MoU with Israel
The country signed a similar agreement with four other countries.
Taiwan banks’ NPL ratio at 0.16% in May
NPLs across the 39 domestic banks in the country totalled US$1.98b. Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05 percentage points lower than in the same month in 2021, according to data released by the Financial Supervisory Commission (FSC). NPLs across the 39 domestic banks in Taiwan totalled US$1.98b (NT$57.58b), an increase of US$0.01b (NT$0.32b) from the $1.97b (NT$57.16b) as of end April. Total outstanding loans across 39 domestic banks rose to $7.14b (NT$207.5b) during the same period.
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
Taiwan banks ordered to take measures to safeguard elderly customers
Regulator urges banks to treat elderly customers fairly and reasonably.
LINE Bank marks first year in Taiwan with 1.1 million users
The digital-only bank has been popular with young people.
Taiwan bad loans climb to $2.24b in February
NPL ratio of all 39 domestic banks also increase to 0.18%.
Fuelling the future of finance with data streams