Taiwan's effective credit cards reach 58.6 million in September

The balance of revolving credit was $20.25m.

The number of effective credit cards in Taiwan reached 58.6 million in September, with 38.63 million classified as active, according to the Financial Supervisory Commission of Taiwan.

The balance of revolving credit was $3.45b (NT$112.6b), whilst the amount of undue balance of installment stood at approximately $6.41b (NT$209.2b).

Moreover, the Commission reported there are 290,000 cash cards, carrying a total loan balance of $322.23m (NT$10.5b). Monthly write-offs amounted to approximately $429,651 (NT$14m), with a delinquency ratio of 1.4%.

Nine specialised electronic payment institutions and 20 additional institutions engaged in electronic payment alongside other businesses.

Stored value cards totalled 185.94 million, with 13.42 million actively used. Monthly retail sales through these cards amounted to $197.33m (NT$6.43b), with a total stored value balance of $459.72m (NT$14.98b).

Electronic payment accounts totalled 29.8 million, collecting $559.77m (NT$18.24b) in monthly transaction funds. Stored value funds reached $872.19m (NT$28.42b), whilst the balance of e-payment accounts at payment institutions was $520.49m (NT$16.96b).

Non-cash payment transactions totalled 6 billion in the first three quarters of 2024, amounting to $18.93b (NT$6.17t).

$1 = NT$32.59

Follow the link for more news on

Financial Supervisory Commission, Taiwan

Also Read

Southeast Asia’s BNPL market to reach $53.2b by 2027

BOCHK warns against phishing websites

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