, Taiwan
126 views
Taipei, Taiwan (Photo by Daniel Honies via Unsplash).

Taiwan’s credit card balances up 0.88% in Nov 2024

Monthly write-offs rose whilst the amount of undue balance fell.

Credit card balance in Taiwan rose 0.88% month-on-month (MoM) in November 2024 to nearly $3.49b (NT$114.3b), according to data from the Financial Supervisory Commission (FSC) released in January 2025.

The amount of undue balance of installment was approximately $5.96b (NT$195.5b) over the same period, falling by 3.46% MoM compared to October 2024.

Monthly write-off was approximately NT$ 0.68b, rising 1.49% MoM from the NT$0.67b a month earlier.

The average ratio of delinquency credit—pass-due over three months— against account receivables, including non-accrual amounts, stayed the same at 0.29%.

As of November 2024, there are 38.91 million total active cards issued by 32 credit card institutions in Taiwan, and 58.62 million total effective cards.

Follow the link s for more news on

Join Asian Banking & Finance community
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!

Top News

Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
Retail Banking
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.

Exclusives

Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.