Reported 7 months ago
During the Qingming Festival holiday, credit card spending in April reached 359.7 billion NTD, setting a new record for April over the years. The Financial Supervisory Commission reported that credit card spending for the first four months of the year has exceeded 1.4 trillion NTD, continuing to set new records. Factors contributing to the increase in credit card spending in April include holiday travel boosting consumption, and insurance premiums being deferred to be accounted for in April by certain banks. Total credit card spending in the first four months has reached 1.4072 trillion NTD, surpassing the same period last year by 185.5 billion NTD or 15%. The trend indicates a growing preference among people for using credit cards for various expenses and payments, particularly with the economic recovery after the pandemic and increased domestic and international travel.
Source: YAHOO