Below 10 million credit cards issued

  • Business Premium
  • Wednesday, 09 Feb 2011

KUALA LUMPUR: The total number of credit cards in circulation in the country has dropped below 10 million, partly affected by the RM50 service tax introduced in Budget 2009 and as more people opt for debit cards.

“Quite a lot of banks are moving into the debit card business as they know that this is a new space in the industry.

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