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Consumer Payments Country Snapshot: Taiwan 2017

Taiwan has a very unique payment card environment compared to most other markets. While the infrastructure is in place, with Visa and Mastercard introducing contactless payment capabilities from 2008, point of sale (POS) terminal penetration is only about an eighth of Australia, a similar market in terms of size. Established retailers such as department stores, hotels, and retail chains all accept payment cards, but small- to medium-sized merchants operating on very thin margins are turned off b

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