Taiwan reports over 37 million active credit cards in October | Asian Business Review
, Taiwan
Photo by Vernon Raineil via Unsplash.

Taiwan reports over 37 million active credit cards in October

The average rate of delinquency was 0.2% by the end of the month.

There are 37.38 million active credit cards in Taiwan as of October, with a revolving credit balance of NT$104.4b (over US$3.34b), data from the Financial Supervisory Commission (FSC) showed.

The amount of undue balance of installment across the thirty-two credit card issuing institutions in operation in Taiwan was NT$212.5b (US$6.8b), lower than the NT$216.3b (US$6.9b) in end-September.

Sales were estimated to be NT$371.4b in October, higher than the NT$320.3b (US$11.8b) spent in the month of September.

Average ratio of delinquency credit– defined as being past due for over three months– against account receivables was 0.2% by the end of the month.

ALSO READ: DBS completes integration of Citi Taiwan consumer business

Cash cards, stored value cards
As of end-October, a total of 173.34 million stored value cards were active in Taiwan, with approximately NT$6.7b spent (US$213.1m) in October versus NT$6.3b (US$201m) in September.

Balance of stored value was NT$13.77b (US$440m) by end-October. 

Meanwhile, over 300,000 cash cards were active in Taiwan during the same period, with total balance at NT$11b (US$352m). The amount of monthly write-off was approximately NT$0.03b, whilst the overall delinquency ratio is 1.171% by end-October, compared to 1.157% a month earlier.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Erajaya Digital membuka toko elektronik terbesarnya

Cabang ini merupakan toko konsep ke-80 dari sekitar seribu cabang yang tersebar di seluruh Indonesia.

Prudential, StanChart memperkuat 25 Tahun kemitraan bancassurance

Mereka memiliki kemitraan bancassurance terlama di Singapura dan Asia.

MSIG Asia dan RiskPoint mempertaruhkan asuransi energi terbarukan

Kawasan Asia-Pasifik berpotensi menarik investasi sebesar $3 triliun dalam pembangkitan listrik hingga 2033.

Industri kecantikan Jepang melawan produk palsu online dengan teknologi blockchain

Kemasan pintar membantu memastikan konsumen membeli produk asli.