Taipei Times
Date: Jan 09, 2017
By: Staff writer, with CNA

Credit card spending in Taiwan reached the third-highest monthly level in November last year in the nation’s banking history, according to the Financial Supervisory Commission (FSC).

Credit card holders in Taiwan spent NT$212.5 billion (US$6.64 billion) in November, up 6.46 percent from a month earlier and 14.93 percent from a year earlier, the commission said.

It was the third-highest figure in Taiwan’s banking history, after the NT$263.5 billion recorded in June last year and NT$242.5 billion in June 2015.

The increase in credit spending resulted partly from aggressive promotional campaigns launched by department stores to celebrate anniversaries, FSC Banking Bureau Deputy Director Sherri Chuang (莊秀媛) said.    [FULL  STORY]