🇹🇼 Pay Suppliers in Taiwan
Pay Taiwanese suppliers for semiconductors, electronics, computer components, bicycles
T+0 (2.3s avg within Unicorn network). Save 81% vs traditional banks.
What you need to send money to Taiwan
What details do I need to pay suppliers in Taiwan?
To pay suppliers in Taiwan you need the recipient's Bank Code + Branch + Account (3-digit bank code, 4-digit branch code, account number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Taiwan?
Payments to Taiwan settle in an average of 2.3 seconds when using local rails such as FISC (Financial Information Service), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Taiwan?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 81% versus banks (e.g. £505 vs £2728 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Taiwan
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.7% | 0.5% |
| Payment Fee | £28 | £5 |
| Total Cost (£100,000) | £2,728 | £505 |
| YOUR SAVINGS | N/A | £2,223 (81%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Taiwan
Avoid expensive SWIFT fees. We use local payment systems in Taiwan for faster, cheaper settlement.
FISC (Financial Information Service)
Taiwan interbank transfer system
Taiwan Pay
Mobile payment system for businesses
CBC-RTGS
Central Bank of China RTGS for large payments
Who Uses This Payment Corridor
Key Industries in Taiwan
- Semiconductors
- Electronics
- Computer Hardware
- Bicycles
- Machinery
Average Transaction: £90k-£450k
Typical Monthly Volume: £550k-£5.5M
Popular Supplier Types
- Semiconductor foundries (Hsinchu, Tainan)
- Computer components (Taipei, Taoyuan)
- Bicycle manufacturers (Taichung)
- Precision machinery (Kaohsiung)
What You Need to Know: Taiwan Payments
Regulatory Considerations
- Central Bank of China (Taiwan) foreign exchange regulations
- Customs declaration for imports
- Business Tax (5%) on services
- FSC Taiwan oversight
Payment Tips for Taiwan
- Taiwan = Semiconductor capital (TSMC), electronics manufacturing
- Strong SME ecosystem - flexible suppliers
- Hsinchu Science Park = Tech manufacturing hub
- Quality focused - rigorous testing standards
Why Choose Unicorn for Taiwan Payments
Local Rails, Not SWIFT
We use FISC (Financial Information Service) and other local systems in Taiwan. Avoid 3-4% SWIFT fees and 2-3 day delays.
81% Lower Costs
Save £2,223 on every £100,000 payment. On £550k-£5.5M monthly volume, save up to £66,690 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Taiwan payments.
Real-Time FX Tracking
Upload supplier invoices in TWD. See live P/L as GBP/TWD rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Taiwan? Save 81%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Taiwan
For businesses with high annual FX volume. Not consumer transfers.