Consumer lending in Taiwan is expected to see significant transformation with the introduction of the Lightweight Sandbox initiative by the Financial Supervisory Commission in mid-2024. This move is poised to revolutionise the traditional banking landscape by enabling greater access to financial services for credit novices, while granting banks more autonomy to develop innovative products tailored to specific customer segments.
Buy Now, Pay Later (BNPL) is poised for significant growth in the forecast period as players strive to capitalise on this emerging opportunity within the financial services industry. The continuous development and expansion of BNPL services are expected, driven by the increasing demand for flexible payment options amongst consumers.
Consumer credit is expected to see continuous growth in the forecast period, with growth in gross lending driven by card lending, amidst a backdrop of shifting economic trends and evolving consumer behaviours. The Taiwan Research Institute’s optimistic GDP forecast of 3.
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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.
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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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