China Cards and Payments Market 2014 Key Trends, Growth, Forecast and Analysis to 2017

China's Cards and Payments Industry 2014-2017 by Market Research Store

Logo

Deerfield Beach, FL -- (SBWire) -- 09/30/2015 --Synopsis

Current and forecast values for each category of China's cards and payments industry, including debit cards, credit cards, prepaid cards and charge cards
Comprehensive analysis of the industry's market attractiveness and future growth areas
Analysis of various market drivers and regulations governing China's cards and payments industry
Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by various bankers and other institutions in the market
Comprehensive analysis of consumer attitudes and buying preferences for cards
The competitive landscape of China's cards and payments industry

Browse Full Report with TOC: http://www.marketresearchstore.com/Report/chinas-cards-and-payments-industry-emerging-opportunities-trends-23054

Executive summary

During the review period (2008–2012), the Chinese card payments channel registered a CAGR of 18.42%, representing 3.9 billion cards in circulation in 2012. The channel is expected to post a forecast-period (2013–2017) CAGR of 8.06% to reach 6.1 billion cards in circulation by 2017. Changing lifestyle demographics, the popularity of online shopping and higher disposable incomes per capita supported the growth of the volume of cards in circulation. The Chinese card payments channel grew substantially both in volume and value terms during the review period. In terms of number of cards in circulation, the channel grew at a robust pace from 2.0 billion cards in 2008 to 3.9 billion cards in 2012, at a CAGR of 18.42%. Debit card category remained the largest category accounted for 82.3% of the category market share in 2012 and recorded a CAGR of 17.89% during the review period. Over the forecast period, total card volume is expected to grow at a CAGR of 8.06% to reach 6.1 billion cards by the end of 2017. In terms of transactions value, the Chinese card payments channel grew CNY9.6 trillion (US$1.4 trillion) in 2008 to CNY36.9 trillion (US$5.8 trillion) in 2012, at a CAGR of 40.15%. It is expected to grow at a CAGR of 13.96% over the forecast period from CNY46.0 trillion (US$7.3 trillion) in 2013 to CNY77.5 trillion (US$12.2 trillion) in 2017.

Scope

This report provides a comprehensive analysis of China's cards and payments industry.
It provides the current values for China's cards and payments industry for 2012, and forecast figures for 2017.
It details the different economic, infrastructural, consumer and business drivers affecting China's cards and payments industry.
It outlines the current regulatory framework in the industry.
It details the marketing strategies used by various banks and other institutions.
It profiles the major banks in China's cards and payments industry.

Request for Sample: http://www.marketresearchstore.com/report/chinas-cards-and-payments-industry-emerging-opportunities-trends-23054#requestSample

Key highlights

- The Chinese card payments channel grew substantially both in volume and value terms during the review period. In terms of number of cards in circulation, the channel grew at a robust pace from 2.0 billion cards in 2008 to 3.9 billion cards in 2012, at a CAGR of 18.42%. Debit cards remained the largest category, accounting for 82.3% of the channel in 2012 and recording a CAGR of 17.89% during the review period. Over the forecast period, total card volume is expected to grow at a CAGR of 8.06% to reach 6.1 billion cards by the end of 2017.

- Changing lifestyle demographics, the popularity of online shopping and higher disposable incomes per capita supported the growth of the volume of cards in circulation.

- China has an established online-commerce infrastructure. Domestic sites such as Taobao, tuan800 and 360 buy have outperformed international competitors such as ebay and Amazon. High internet penetration rates and the availability of online payment infrastructure have encouraged consumers to spend online.

- The Chinese credit card category is expected to attract more foreign competitors over the forecast period. Foreign banks were not permitted to issue their own credit cards until 2012, and could only circulate co-branded cards in collaboration with a Chinese counterpart. However, Citibank has been granted the first stand-alone license to deal credit cards in the Chinese market. Foreign banks will have to apply to, and be approved by, the regulatory authorities if they wish to do the same.

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 within China's cards and payments industry.

Assess the competitive dynamics in China's cards and payments industry.

Gain insights into the marketing strategies used for selling various card types in China.

Gain insights into key regulations governing China's cards and payment industry.

Contact US:
Joel John
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Web: http://www.marketresearchstore.com/
Email: sales@marketresearchstore.com"

Media Relations Contact

Joel John
Corporate Sales Specialist
Market Research Store
+1-855-465-4651
http://www.marketresearchstore.com/report/chinas-cards-and-payments-industry-emerging-opportunities-trends-23054

View this press release online at: http://rwire.com/629105