By: Tsai Yi-chu and Frances Huang
Taipei, Feb. 5 (CNA) With more and more local consumers keen to
use credit cards, spending through the system in Taiwan hit a record high in 2015, the Financial Supervisory Commission (FSC) said Friday.
Citing statistics, the FSC, the top financial supervisor in Taiwan, said that consumers in Taiwan spent a total of NT$2.2 trillion (US$65.67 billion) using credit cards in 2015, up 7.9 percent from a year earlier.
It was the sixth consecutive year in which Taiwanese credit card purchases hit a record high, the FSC said. However, the year-on-year growth in credit card spending for 2015 was lower than in 2013 and 2014, when the increase surpassed 8 percent, the commission said. [FULL STORY][