Cash is Still King in Taiwan

While many countries are transitioning toward a cashless society, Taiwan continues to favor cash transactions. Carrying cash everywhere may seem inconvenient, but it remains an integral part of Taiwanese culture, adding to the country’s unique charm. This reliance on cash also sets Taiwan apart from China, where digital payments have largely replaced physical currency.

In Taiwan, cash is especially essential for transactions at small shops, night markets, and even some restaurants. Many businesses hesitate to adopt alternative payment systems due to setup complexities and transaction fees. As a result, visitors may find themselves unprepared if they rely solely on digital or card payments, making it crucial to have enough local currency on hand.

Currency Exchange Options

If you arrive in Taiwan without local currency, you can exchange money at the airport or major bank branches. However, be sure to check exchange rates in advance, as airport rates are often less favorable compared to banks and authorized exchange services.

Alternative Payment Methods

Credit/Debit Cards

While cash remains dominant, many larger businesses—including hotel chains, department stores, and major restaurants—accept credit and debit cards. Foreign cards are generally usable, but it’s best to confirm with your bank beforehand regarding potential fees for international transactions.

EasyCard

Initially designed for public transportation, the EasyCard has evolved into a widely accepted payment method at convenience stores, bubble tea shops, and other retailers. It provides a practical alternative to carrying cash. You can purchase and reload an EasyCard at airports, metro stations, and convenience stores.

Digital Wallets

Digital wallets like Google Pay and Line Pay are slowly gaining traction, but their acceptance remains limited. While they provide a convenient payment option, travelers should have a backup plan, as not all merchants support digital transactions.

Final Thoughts

Although Taiwan is gradually embracing modern payment solutions, cash remains the most reliable way to pay, especially in local markets and smaller establishments. Travelers should ensure they carry enough cash for daily expenses, but they can also take advantage of widely available ATMs and emerging digital payment options for greater flexibility while exploring this vibrant country.