"Debit Cards in China" Published
Growth in the number of debit cards in circulation experienced a slowdown during the review period, with the growth rate falling to 11% in 2014, due to the already high number of cards per capita in China. Based on data from the Postal Savings Bank of China, in the first quarter of 2014, debit cards per capita had already reached 2.9. Therefore, the penetration of debit cards is reaching a degree of saturation in urban areas. Consequently, rural areas with...
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