Credit card spending in Taiwan hits new high

Focus Taiwan
Date: 2016/02/05
By: Tsai Yi-chu and Frances Huang

Taipei, Feb. 5 (CNA) With more and more local consumers keen to

CNA file photo

CNA file photo

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][

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