Taiwan Financial Services Commission publishes November 2024 credit card, cash card and electronic payment operating statistics

The Taiwan Financial Services Commission released its November 2024 operating statistics for credit cards, cash cards and electronic payment institutions, covering issuance and usage volumes, outstanding balances, sales activity, write-offs and delinquency ratios. For credit cards, 32 issuers were operating with 58.62 million effective cards and 38.91 million active cards; revolving credit balances were TWD 114.3 billion, instalment undue balances were TWD 195.4 billion, monthly retail sales were TWD 385.5 billion, monthly write-offs were TWD 0.68 billion and the delinquency ratio (past-due over three months, against receivables including non-accrual) was 0.29%. For cash cards, 13 institutions reported 0.29 million effective cards, TWD 10.5 billion in loan balances (including non-accrual), TWD 17 million in monthly write-offs and a 1.225% overall delinquency ratio. In electronic payments, the market comprised nine specialized e-payment institutions and 20 dual-status institutions; stored value cards totalled 187.95 million effective cards with 13.57 million in use, TWD 6.35 billion in monthly retail sales and TWD 14.89 billion in stored value balances, while e-payment accounts had 30.38 million users, with monthly agent collection/payment flows of TWD 18.95 billion, small-amount remittance flows of TWD 16.62 billion, stored value funds of TWD 28.79 billion and aggregate account balances of TWD 17.26 billion.