Credit Cards in China - New Report Available
Credit card transactions are relatively underdeveloped in China, representing less than a quarter of total card transactions in retail value terms, far below debit transactions, which account for over half the total in 2013. With the growing acceptance of credit consumption, especially among young consumers, credit card transactions experienced an explosive value CAGR of 42% over the review period, with growth falling to 16% in 2013, in addition to rising credit card debt, which also played a...
View full press release