Tue, Jan 09, 2018 - Page 15 News List

Taiwanese consumers move away from cash
台灣人愛刷卡 去年總額二·六兆創新高

Models promote Mitsui Outlet Park credit cards in an undated photo.
促銷三井Outlet Park信用卡的模特兒。拍攝日期不詳。

Photo: Wang Meng-lun, Liberty Times

Use of non-cash payments by Taiwanese is becoming more widespread, with the Financial Supervisory Commission (FSC) on Thursday last week reporting that from the beginning of last year up to November, domestic credit card transaction volumes totaled NT$2.393 trillion.

According to the FSC’s Banking Bureau, last year credit card transaction volumes amounted to an average of NT$200 billion per month. The bureau expects that when December’s figures are factored in — a peak period for consumer expenditure — the total figure for last year will be as much as NT$2.6 trillion, surpassing last year’s figure of NT$2.42 trillion and, in doing so, set a new record.

Banking Bureau Deputy Director-General Sherri Chuang says that as of November last year, Taiwan’s 36 credit card-issuing institutions together had 41.67 million cards in circulation.

As attitudes among the population gradually change, more people are willing to accept non-cash payments, including credit cards, says Chuang, while the increasing number of physical card payment channels and credit card accepting institutions has helped to boost card transactions volumes.

(Liberty Times, translated by Edward Jones)







non-cash payment phr.


(fei1 xian4 jin1 zhi1 fu4)

credit card transaction volume phr.


(xin4 yong4 ka3 shua1 ka3 jin1 e2)

peak period phr.


(wang4 ji4)

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