Taiwan’s active credit cards rise to 39.24 million in June

Amount of undue balance of installment jumped 48.45%.

Taiwan has 39.24 million active credit cards across 32 credit card-issuing institutions as of end-June 2024, according to data from the Financial Supervisory Commission (FSC).

Balance of revolving credit is $3.42b (NT$110.8b) in June, higher than the $3.35b (NT$108.5b) in end-May.

Amount of undue balance of installment is $7.24 (NT$234.7b), a 48.45% jump from the $4.88b (NT$158.1b) reported just a month earlier.

Monthly write-off related to credit cards was approximately $19.45m (NT$0.63b), whilst the average ratio of delinquency cards– past due over three months– against account receivables was 0.23%, lower than the 0.3% in May.

Cash cards fall, SVC rise
In contrast, the amount of total balance in cash cards dropped to $324.11m (NT$10.5b) in end-June across a total of 0.29 million cards issued by 13 financial institutions engaging in the cash card business. This is a slight drop from the $327.2m (NT$10.6b) balance in end-May.

The number of effective stored value cards in Taiwan totaled 182.97 million in end-June, a slight uptick from the 181.83 million cards issued as of end-May.

Of this, at least 13.54 million cards were used last month, according to data from the FSC.

The balance of stored value was $440.17m (NT$14.26b) in June.

Also Read

Siam Commercial Bank provides Android devices to Thai merchants for contactless payments

Visa, dtcpay launch card enabling digital currency conversion

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