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Do I need to bring cash to Taiwan?
I did a bit of research about payment options in Taiwan. And hereβs summary of what I found.
New Taiwan dollar (NT) is the currency of Taiwan
Credit and Debit Cards: Major international credit and debit cards, including Visa, MasterCard, and American Express, are widely accepted in department stores, hotels, upscale restaurants, and many shops. However, smaller establishments, traditional markets, and street vendors may still prefer cash.
Contactless Payments: Tap-to-pay services, such as those offered by credit cards with NFC technology or mobile payment systems like Apple Pay, Google Pay, and Samsung Pay, are increasingly accepted in convenience stores, supermarkets, chain stores, and public transportation systems.
Mobile Payments: Mobile payment platforms like LINE Pay, JKOPAY, and PayTaiwan are popular among locals and can be used in various stores and even for some services like taxis. However, setting up some of these services might require a local bank account or phone number.
Cash: Despite the prevalence of electronic payment methods, cash is still widely used, especially in smaller cities, rural areas, traditional markets, and by some taxis. It's advisable to keep some cash on hand for small purchases, local eateries, and places where digital payments are not accepted.
EasyCard and iPASS: For public transportation and small purchases, prepaid cards like the EasyCard and iPASS are incredibly convenient. These cards can be topped up and used to tap and pay on public transit (buses, metro, some trains), convenience stores, and even some vending machines or other participating retailers.
ATMs: ATMs are readily available throughout Taiwan, including at convenience stores, making it easy to withdraw cash if needed. International cards are generally accepted at ATMs with a PLUS or Cirrus logo.
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