With the development of information technology, more and more people would like to use mobile payment as their first choice, especially in the mainland of China. However, things look different in Taiwan. Through a questionnaire investigation to Taiwan college students, this paper explores the application status of mobile payment in Taiwan and tries to find out the future trends of that. It can be found that there are only small portion of college students are using mobile payment for their daily transactions due to the fact that the hardware and software about mobile payment are lagging behind in Taiwan. However, college students are expected to accept the new payment method and adopt it in the future with the development of the infrastructure and policies of government.