‘Cash no longer king’ in Taiwan: credit card survey
By Kao Shih-ching / Staff reporter
Credit and debit cards have replaced cash as the most common payment method in Taiwan, Visa Taiwan Co (台灣威士卡) said in a report on Thursday last week.
A survey of 800 people conducted in August last year showed that about 80 percent of respondents used credit cards daily, while about 77 percent used cash and 58 percent used stored-value cards, such as EasyCards and iPass cards, Visa Taiwan said.
A 2019 study showed that cash was the most popular payment method in the nation, with 91 percent of respondents using cash daily and 83 percent using credit and debit cards, it said.