taiwan digital banking

Feb

Assessing Taiwan’s virtual banks one year on

Taiwan’s first two digital banks launched last year, Rakuten Bank in January and Line Bank in April. A third digital lender, Chunghwa Telecom-backed Next Bank, should have launched much earlier but has been hamstrung by repeated regulatory travails. It will go live in in the first quarter of 2022 at…

Jan

Asia Banking Research

Rakuten launches Taiwan’s first virtual bank

Taiwan finally has an operational digital bank. Rakuten International Commercial Bank (RICB), backed by the Japanese e-commerce giant, recently became the first of three digibanks approved by Taiwan’s Financial Supervisory Commission (FSC) to go live. RICB will initially offer deposits, fund transfer, small loan and debit card services and later…

Sep

Asia Payments Research

Taiwan has nearly 10 million mobile payment users

Mobile payments have reached an inflection point in Taiwan, by one estimate surpassing credit cards in popularity for the first time. In a population of about 23 million, nearly 10 million are mobile payments users, according to new data compiled by Taiwan’s government. A recent survey of consumer attitudes towards…

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taiwan digital banking