Almost 70% of department store patrons use credit cards

Focus Taiwan
Date: 2016/11/05
By:1 Huang Chiao-wen and Frances Huang

Taipei, Nov. 5 (CNA) Almost 70 percent of department store customers in Taiwan use credit cards to pay for their purchases, a survey conducted by the Ministry of Economic Affairs (MOEA) showed on Saturday.

Citing the survey, the MOEA said that department store operators tend to work with credit card issuing banks, particularly for such events as store anniversaries and Mother’s Day, when special discounts are available to customers who pay with credit cards.

In addition, the ministry said consumers who makes large purchases pay with credit cards because of the convenience.

As a result, 66.1 percent of department store customers paid by credit card, followed by 26.1 percent who paid in cash and 5 percent who used store-issued vouchers, the MOEA said.    [FULL  STORY]