Date: Feb 08, 2016
By: Staff writer, with CNA
With more and more local consumers keen to use credit cards,
spending through the system in Taiwan hit a record high last year, the Financial Supervisory Commission (FSC) said on Friday.
Citing statistics, the commission said that consumers in Taiwan spent a total of NT$2.2 trillion (US$65.67 billion) using credit cards last year, 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 commission said. However, the year-on-year growth in credit card spending for last year was lower than in the previous two years, when the annual increase surpassed 8 percent, the commission said.
In December last year, consumers in Taiwan spent NT$204.3 billion through credit cards, the third-highest after the NT$242.5 billion seen in June last year and the NT$206.3 billion recorded in June 2014, the commission said. [FULL STORY]