Credit card spending in Taiwan approached NT$1.54 trillion (US$51.35 billion) in the first half of the year to reach a five-year high, as people showed a renewed willingness to spend amid easing concerns over COVID-19, the Financial Supervisory Commission said last week.
The first-half figure was up NT$108.4 billion from the same period last year and marked the second-highest total for the six-month period since similar data were first compiled in 2018, commission data showed.
In June, credit card spending reached NT$264.4 billion, up NT$6.4 billion from May, which Banking Bureau Deputy Director-General Phil Tong (童政彰) on Thursday said was due to