Taiwan credit card firms’ hold $3.34b in revolving credit as of January 2024

A total of 37.89 million cards are active as of end-January, according to official data.

Taiwan’s 32 credit card institutions hold a revolving credit of $3.34b (NT$106.5b) as of end-January 2024, according to data released by the Financial Supervisory Commission.

A total of 58.8 million cards have been issued and are effective over the same period, the FSC said. Of this, 37.89 million are active, higher than the 37.77 million active cards in end-December.

ALSO READ: South Korean credit card firms report $1.93b net income for 2023

Undue balance is $6.15b (NT$194.3b). Monthly retail sales were approximately $12.19b (NT$385.2b) during the month.

The amount of monthly write-off was approximately $15.8m (NT$0.5b), slightly lower than in December.

Average ratio of delinquency credit– defined as those that are past due for over three months– against account of receivables was 0.25%, inching up from the 0.24% in end-December.

Follow the links for more news on

Financial Supervisory Commission

Financial Supervisory Commission, Taiwan

Also Read

Nium, Thredd expand virtual card partnership

PH’s BillEase clinched $5m investment from Credit Saison lending arm

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit