Taiwan e-payments rose to $475.4m in Q1

A total of 1.897 billion non-cash payment transactions have been recorded.

A total of 28.08 million people now has an electronic payment account in Taiwan as of end-March, with the amount of funds collected or paid for actual transactions rising to $475.4m (NT$15.43b), according to central bank data.

The balance of e-payment accounts to e-payment institutions was $470.46m (NT$15.27b) as of end-March, according to the Financial Supervisory Commission (FSC).

Meanwhile, the monthly amount of stored value funds was $902.4m (NT$29.29b) over the same period.

A total of 1.897 billion non-cash payment transactions have been recorded as of March 2024, whilst the total non-cash payment transaction amount was NT$1.92t in Q1 2024.

(US$1 = NT$32.46; as of 12:39 PM, 10 May 2024)