Taiwanese want expenses limited to card loads

A Visa survey revealed that 68 percent of Taiwanese consumers are interested in using Visa Prepaid cards as an alternative payment tool.

Furthermore, the Visa Prepaid Card Preference and Usage Survey found that 83 percent of respondents said they were interested in using a Visa Prepaid card because it could help them better control their expenses by limiting their spending to the amount loaded on the card. Forty-three percent of respondents viewed it as an ideal cash/check alternative for everyday purchases, while 38 percent thought it very convenient because they did not need to open an account or hold a credit line with a bank to use Visa Prepaid cards.

Among respondents who are interested in prepaid cards, 95 percent noted a preference for the reloadable version over the disposable version.

Marco Ma, Country Manager of Visa Taiwan, said, “Visa Prepaid cards enable many consumers – even those without traditional banking relationships – to access preloaded funds to make everyday purchases, pay bills and make purchases online. Visa Prepaid cards can open up secure and convenient card payments to those who do not have bank accounts.”

The survey also found that 70 percent of respondents agree to having a ceiling set on the amount loaded on the card.