China Cards and Payments Market 2015 Demand, Growth and Analysis to 2019
Deerfield Beach, FL -- (SBWIRE) -- 11/02/2015 -- Synopsis
'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in China's cards and payments industry.
It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, payment cards and cash transactions during the review period (2010–2014).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure, and profiles of card issuers operating in the country.
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- Current and forecast values for each market in China's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid cards market.
- Detailed insights into payment instruments including check payments, credit transfers, checks, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
- Analysis of various market drivers and regulations governing China's cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of China's cards and payments industry.
- This report provides a comprehensive analysis of China's cards and payments industry.
- It provides current values for China's cards and payments industry for 2014, and forecast figures to 2019.
- It details the different demographic, economic, infrastructural and business drivers affecting China's cards and payments industry.
- It outlines the current regulatory framework in the industry.
- It details marketing strategies used by various banks and other institutions.
- It profiles major banks in China's cards and payments industry.
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Reasons To Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to China's cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in China's cards and payments industry.
- Assess the competitive dynamics in China's cards and payments industry.
- Gain insights into marketing strategies used for various card types in China.
- Gain insights into key regulations governing China's cards and payments industry.
- Following the World Trade Organization (WTO) ruling in lieu of discrimination against foreign companies, China announced its decision in October 2014 to open up its domestic bank card processing market for foreign companies, which was dominated by the domestic scheme provider China UnionPay (CUP). As a result, Visa and MasterCard are permitted to set up their own processing centers in China, effective from June 1, 2015. This move by the Chinese government is anticipated to intensify competition in the Chinese payment cards market and offer competition to the CUP.
- In an attempt to protect consumer interest and privacy, the Chinese government proposed a new set of regulations in August 2015. The new regulation suggests limiting the amount consumers can pay through third-party online payment such as Alipay and Tenpay. The daily purchasing amounts through third-party payment agents will be determined based on the online system's security checks. If implemented, the new legislation is anticipated to wipe out smaller private third-party agents, due to the increased operational costs of implementing multiple security measures.
- Operators are rolling out new technologies such as contactless mobile payments (m-payments) to capture a larger share of the growing Chinese payment cards market. In June 2013, the mobile network operator China Mobile and CUP together launched a near-field communication (NFC)-based mobile wallet called CUP Wallet in 14 cities. Bank of China (BOC), China CITIC Bank, Shanghai Pudong Development Bank, China Everbright Bank, China Minsheng Banking Corp, GF Securities, Bank of Shanghai and Bank of Beijing are the partner banks.
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