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Accelerate your revenue with a new audience of customers throughout Taiwan - without friction or complexity.
Taiwan is considered a developed ecommerce market offering opportunity for growth along with a stable and predictable legal environment. The ecommerce market in Taiwan has experienced rapid growth in recent years thanks to a widespread internet usage and a growing number of young shoppers buying online. Taiwan’s government has actively used legislation to facilitate and regulate the ecommerce market. Taiwan’s ecommerce market has a comprehensive policy infrastructure and a good network of financial, distribution, and credit systems.
At the beginning of 2020, Taiwan launched its first cross-border ecommerce incubator in Taipei, marking an acceleration in its electronic business development. Since 2014, Taiwan has recorded noticeable growth in its digital commerce. The revenue from the ecommerce sector almost doubled in four years, and the share of online retail continuously increased to 5.1% of total retail in Taiwan.
Cards are the most widely used payment method at 46% of the market. Card brands that merchants will want to include are Visa, MasterCard, American Express and JCB. Also in the mix is cash, bank transfers, and digital wallets like Apple Pay and Google Pay. Among the cash options include ATM transfers, cash on delivery, and Konbini (a barcode invoice method that allows customers to pay later at convenience stores like 7-11).
Cross-Border Fulfillment: Landed Cost is Available.
In-Country Fulfillment: Leverage Digital River's industry leading suite of API's to utilize your existing fulfillment partner.