Reported 11 months ago
According to the Financial Supervisory Commission, as of May including festive seasons like Labor Day, Dragon Boat Festival, Mother's Day, public banks accounted for 7% of credit card spending in the first four months of the year, with some showing growth rates of less than 10% compared to the previous year. Public banks are shifting towards a development model that does not emphasize high marketing costs, resulting in more significant tangible credit card revenue. Compared to private banks, public banks have adopted a more conservative strategy, with some even slowing down on credit card operations, focusing on actual revenue rather than card issuance and spending volume targets.
Source: YAHOO