Nearly 800,000 Chinese tourists visited the Philippines from January to November this year, a 35% increase from 2016, making China the third-largest source of foreign arrivals. The Philippine Bureau of Immigration aims to attract more visitors by offering visas upon arrival, targeting 1 million Chinese tourists this year.
- Nearly 800,000 Chinese tourists visited the Philippines from January to November 2023.
- This marks a 35% increase compared to the same period in 2016.
- China is now the Philippines’ third largest source of foreign visitors, after South Korea and the US.
- The Philippine Bureau of Immigration offers visas on arrival for qualified Chinese nationals.
- The country anticipates Chinese tourist arrivals will reach 1 million this year.
Data from financial institutions reveal that credit card usage has surged significantly in the past year, with an increase in new applications and transactions.
The Financial Times reported that over 1 million new credit cards were issued this year, a substantial rise from last year’s figures, driven by the growing trend of e-commerce.
Currently, credit cards are becoming one of the primary payment methods globally, following cash and digital wallets.
Many banks are offering instant approval for qualified applicants as part of their efforts to attract more customers in the competitive credit market.
This year, financial analysts predict that the number of credit card transactions will reach record highs due to increased consumer spending.
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