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Country Report

China Flag Financial Cards and Payments in China

| Pages: 61

Price: US$1,900

About this Report

EXECUTIVE SUMMARY

Growth in financial card transactions decelerates but remains dynamic in 2014

Economic slowdown in China, as well as the uncertain global economy, resulting in weaker consumer confidence and less frequent transactions, slowed the growth in total card transactions in 2014. A significant slowdown in pre-paid card transactions, due to strict anti-corruption regulations, had an influence on the overall financial cards market. However, growth in financial card transactions remained dynamic in both volume and value terms, thanks to the deepening penetration of debit cards, as well as consumers’ growing acceptance of credit cards.

Pre-paid card transactions plummet due to anti-corruption policy

Pre-paid cards, widely used as gifts and employee benefits in state-owned enterprises, as well as government departments and institutions in China, recorded a significant slowdown in growth in cards in circulation, transactions and retail value in 2014, due to the strict regime of China’s government, since pre-paid cards are closely related to gift-giving behaviour, which may cause serious bribery issues.

Integrated circuit (IC) cards accelerate under relevant authorities’ regulations

To improve transaction security as well as transaction efficiency, the upgrading to integrated circuit (IC) cards from magnetic stripe cards was accelerated further in 2014. In addition, the People’s Bank of China has promoted replacement by integrated circuits, with a statement that national commercial banks should no longer issue magnetic stripe financial cards after January 2015. To further boost the development of integrated circuit cards, leading banks are making great efforts to replace their magnetic stripe debit cards with IC debit cards. The Bank of Communications, for instance, offers a transfer service to its customers by upgrading their debit cards without changing their account numbers.

China’s Big Four continue to lead despite intensifying competition

China’s Big Four commercial banks – Agricultural Bank of China, Industrial & Commercial Bank of China, China Construction Bank and Bank of China – hold the leading positions in China’s card payment transactions market, with the lion’s share of total transactions in both value and volume terms. Their nationwide service networks, highly recognised brands and reliable reputations attract a huge consumer base, contributing to their comfortable lead in the market. Moreover, the increasing penetration of rural areas by the four largest commercial banks in China contributes to their leading position.

Financial cards and payments expected to see further healthy growth

Financial cards and payments are expected to continue to see steady and healthy growth over the forecast period, driven by the deeper penetration of financial cards, as well as rising consumer acceptance of cashless transactions. Moreover, a more secure and efficient transaction environment of cashless transactions, which has been given great importance by commercial banks and the relevant authorities, will propel the development of financial cards and payments.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments industry in China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Financial Cards and Payments industry in China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in China market research report includes:

  • Analysis of key supply-side and demand trends  
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Financial Cards and Payments in China?
  • What are the major operators and issuers in China?
  • How will regulation impact the market?  
  • What is the current state of emerging payment technologies such as mobile commerce?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Financial Cards and Payments in China, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

Table of Contents

Financial Cards and Payments in China - Industry Overview

EXECUTIVE SUMMARY

Growth in financial card transactions decelerates but remains dynamic in 2014

Pre-paid card transactions plummet due to anti-corruption policy

Integrated circuit (IC) cards accelerate under relevant authorities’ regulations

China’s Big Four continue to lead despite intensifying competition

Financial cards and payments expected to see further healthy growth

KEY TRENDS AND DEVELOPMENTS

Financial card transactions witnessed deceleration yet remain dynamic

Skyrocketing internet retailing impacts payment market

Upgrading to financial cards accelerates

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2009-2014
  • Table 2 Number of ATMs: Units 2009-2014
  • Table 3 Value Lost to Fraud 2009-2014
  • Table 4 Card Expenditure by Location 2014
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2009-2014
  • Table 6 Domestic versus Foreign Spend 2014

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2009-2014
  • Table 8 Financial Cards Transactions by Category: Value 2009-2014
  • Table 9 Financial Cards by Category: Number of Transactions 2009-2014
  • Table 10 Financial Cards by Category: Number of Accounts 2009-2014
  • Table 11 Consumer Payments by Category: Value 2009-2014
  • Table 12 Consumer Payments by Category: Number of Transactions 2009-2014
  • Table 13 M-Commerce by Category: Value 2009-2014
  • Table 14 M-Commerce by Category: % Value Growth 2009-2014
  • Table 15 Financial Cards: Number of Cards by Issuer 2009-2013
  • Table 16 Financial Cards: Number of Cards by Operator 2009-2013
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2009-2013
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2009-2013
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2014-2019
  • Table 20 Forecast Financial Cards Transactions by Category: Value 2014-2019
  • Table 21 Forecast Financial Cards by Category: Number of Transactions 2014-2019
  • Table 22 Forecast Financial Cards by Category: Number of Accounts 2014-2019
  • Table 23 Forecast Consumer Payments by Category: Value 2014-2019
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2014-2019
  • Table 25 Forecast M-Commerce by Category: Value 2014-2019
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2014-2019

SOURCES

  • Summary 1 Research Sources

Financial Cards and Payments in China - Company Profiles

Agricultural Bank of China Ltd in Financial Cards and Payments (China)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 2 Agricultural Bank of China Ltd: Operational Indicators

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 3 Agricultural Bank of China Ltd: Competitive Position 2013

Bank of Communications Ltd in Financial Cards and Payments (China)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 4 Bank of Communications Ltd: Operational Indicators

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 5 Bank of Communications Ltd: Competitive Position 2013

China Construction Bank Corp in Financial Cards and Payments (China)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 6 China Construction Bank Corp: Operational Indicators

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 7 China Construction Bank Corp: Competitive Position 2013

China Merchants Bank Co Ltd in Financial Cards and Payments (China)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 8 China Merchants Bank Co Ltd: Operational Indicators

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 9 China Merchants Bank Co Ltd: Competitive Position 2013

Industrial & Commercial Bank of China Ltd in Financial Cards and Payments (China)

STRATEGIC DIRECTION

KEY FACTS

  • Summary 10 Industrial & Commercial Bank of China Ltd: Operational Indicators

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 11 Industrial & Commercial Bank of China Ltd: Competitive Position 2013

ATM Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 27 ATM Cards Transactions 2009-2014
  • Table 28 ATM Cards: Number of Cards in Circulation 2009-2014
  • Table 29 ATM Cards Transactions: % Growth 2009-2014
  • Table 30 ATM Cards in Circulation: % Growth 2009-2014
  • Table 31 Forecast ATM Cards Transactions 2014-2019
  • Table 32 Forecast ATM Cards: Number of Cards in Circulation 2014-2019
  • Table 33 Forecast ATM Cards Transactions: % Growth 2014-2019
  • Table 34 Forecast ATM Cards in Circulation: % Growth 2014-2019

Credit Card Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 35 Credit Cards Transactions 2009-2014
  • Table 36 Credit Cards: Number of Cards in Circulation 2009-2014
  • Table 37 Credit Cards Transactions: % Growth 2009-2014
  • Table 38 Credit Cards in Circulation: % Growth 2009-2014
  • Table 39 Commercial Credit Cards Transactions 2009-2014
  • Table 40 Commercial Credit Cards: Number of Cards in Circulation 2009-2014
  • Table 41 Commercial Credit Cards Transactions: % Growth 2009-2014
  • Table 42 Commercial Credit Cards in Circulation: % Growth 2009-2014
  • Table 43 Personal Credit Cards Transactions 2009-2014
  • Table 44 Personal Credit Cards: Number of Cards in Circulation 2009-2014
  • Table 45 Personal Credit Cards Transactions: % Growth 2009-2014
  • Table 46 Personal Credit Cards in Circulation: % Growth 2009-2014
  • Table 47 Credit Cards: Number of Cards by Issuer 2009-2013
  • Table 48 Credit Cards: Number of Cards by Operator 2009-2013
  • Table 49 Credit Cards Payment Transaction Value by Issuer 2009-2013
  • Table 50 Credit Cards Payment Transaction Value by Operator 2009-2013
  • Table 51 Commercial Credit Cards: Number of Cards by Issuer 2009-2013
  • Table 52 Commercial Credit Cards: Number of Cards by Operator 2009-2013
  • Table 53 Commercial Credit Cards Payment Transaction Value by Issuer 2009-2013
  • Table 54 Commercial Credit Cards Payment Transaction Value by Operator 2009-2013
  • Table 55 Personal Credit Cards: Number of Cards by Issuer 2009-2013
  • Table 56 Personal Credit Cards: Number of Cards by Operator 2009-2013
  • Table 57 Personal Credit Cards Payment Transaction Value by Issuer 2009-2013
  • Table 58 Personal Credit Cards Payment Transaction Value by Operator 2009-2013
  • Table 59 Forecast Credit Cards Transactions 2014-2019
  • Table 60 Forecast Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 61 Forecast Credit Cards Transactions: % Growth 2014-2019
  • Table 62 Forecast Credit Cards in Circulation: % Growth 2014-2019
  • Table 63 Forecast Commercial Credit Cards Transactions 2014-2019
  • Table 64 Forecast Commercial Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 65 Forecast Commercial Credit Cards Transactions: % Growth 2014-2019
  • Table 66 Forecast Commercial Credit Cards in Circulation: % Growth 2014-2019
  • Table 67 Forecast Personal Credit Cards Transactions 2014-2019
  • Table 68 Forecast Personal Credit Cards: Number of Cards in Circulation 2014-2019
  • Table 69 Forecast Personal Credit Cards Transactions: % Growth 2014-2019
  • Table 70 Forecast Personal Credit Cards in Circulation: % Growth 2014-2019

Debit Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 71 Debit Cards Transactions 2009-2014
  • Table 72 Debit Cards: Number of Cards in Circulation 2009-2014
  • Table 73 Debit Cards Transactions: % Growth 2009-2014
  • Table 74 Debit Cards in Circulation: % Growth 2009-2014
  • Table 75 Debit Cards: Number of Cards by Issuer 2009-2013
  • Table 76 Debit Cards: Number of Cards by Operator 2009-2013
  • Table 77 Debit Cards Payment Transaction Value by Issuer 2009-2013
  • Table 78 Debit Cards Payment Transaction Value by Operator 2009-2013
  • Table 79 Forecast Debit Cards Transactions 2014-2019
  • Table 80 Forecast Debit Cards: Number of Cards in Circulation 2014-2019
  • Table 81 Forecast Debit Cards Transactions: % Growth 2014-2019
  • Table 82 Forecast Debit Cards in Circulation: % Growth 2014-2019

Pre-Paid Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 83 Pre-paid Cards Transactions 2009-2014
  • Table 84 Pre-paid Cards: Number of Cards in Circulation 2009-2014
  • Table 85 Pre-paid Cards Transactions: % Growth 2009-2014
  • Table 86 Pre-paid Cards in Circulation: % Growth 2009-2014
  • Table 87 Closed Loop Pre-paid Cards Transactions 2009-2014
  • Table 88 Closed Loop Pre-paid Cards Transactions: % Growth 2009-2014
  • Table 89 Open Loop Pre-paid Cards Transactions 2009-2014
  • Table 90 Open Loop Pre-paid Cards Transactions: % Growth 2009-2014
  • Table 91 Pre-paid Cards: Number of Cards by Issuer 2009-2013
  • Table 92 Pre-paid Cards: Number of Cards by Operator 2009-2013
  • Table 93 Pre-paid Cards Transaction Value by Issuer 2009-2013
  • Table 94 Pre-paid Cards Transaction Value by Operator 2009-2013
  • Table 95 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2009-2013
  • Table 96 Closed Loop Pre-paid Cards: Number of Cards by Operator 2009-2013
  • Table 97 Closed Loop Pre-paid Cards Transaction Value by Issuer 2009-2013
  • Table 98 Closed Loop Pre-paid Cards Transaction Value by Operator 2009-2013
  • Table 99 Open Loop Pre-paid Cards: Number of Cards by Issuer 2009-2013
  • Table 100 Open Loop Pre-paid Cards: Number of Cards by Operator 2009-2013
  • Table 101 Open Loop Pre-paid Cards Transaction Value by Issuer 2009-2013
  • Table 102 Open Loop Pre-paid Cards Transaction Value by Operator 2009-2013
  • Table 103 Forecast Pre-paid Cards Transactions 2014-2019
  • Table 104 Forecast Pre-paid Cards: Number of Cards in Circulation 2014-2019
  • Table 105 Forecast Pre-paid Cards Transactions: % Growth 2014-2019
  • Table 106 Forecast Pre-paid Cards in Circulation: % Growth 2014-2019
  • Table 107 Forecast Closed Loop Pre-paid Cards Transactions 2014-2019
  • Table 108 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
  • Table 109 Forecast Open Loop Pre-paid Cards Transactions 2014-2019
  • Table 110 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2014-2019

Segmentation

This market research report includes the following:

  • Consumer Finance
    • Financial Cards and Payments
      • Financial Cards in Circulation
        • ATM Function
        • Charge Card Function
          • Commercial Charge Cards
          • Personal Charge Cards
        • Credit Function
          • Commercial Credit Cards
          • Personal Credit Cards
        • Debit Function
        • Pre-Paid Function
          • Closed Loop Pre-Paid Function
          • Open Loop Pre-Paid Function
        • Store Cards
      • Transactions
        • Total Cards Transactions
          • ATM Transactions
          • Card Payment Transactions
            • Charge Card Transactions
              • Commercial Charge Card Transactions
              • Personal Charge Card Transactions
            • Credit Card Transactions
              • Commercial Credit Card Transactions
              • Personal Credit Card Transactions
            • Debit Transactions
            • Pre-Paid Transactions
              • Closed Loop Pre-Paid Card Transactions
              • Open Loop Pre-Paid Card Transactions
            • Store Card Transactions
        • Consumer Payment Transactions
          • Card Payment Transactions (Excl Commercial)
          • Electronic Direct/ACH Transactions
          • Paper Payment Transactions
            • Cash Transactions
            • Other Paper Payment Types
      • M-Commerce
        • Mobile Phone M-Commerce
          • Mobile Phone - Proximity
          • Mobile Phone - Remote
        • Tablet M-Commerce

Statistics Included

For each category and subcategory you will receive the following data in Excel format:

From Passport

  • Market Sizes
  • Company Shares
  • Analysis by Type
  • Card Expenditure by Location
  • Domestic vs Foreign Spend
  • Merchant Acceptance

Market size details:

  • Retail value retail selling price % growth
  • Retail value retail selling price local currency, USD, EUR, GBP, CHF, JPY
  • Retail value retail selling price per capita local currency, USD, EUR, GBP, CHF, JPY
  • Number of cards
  • Number of cards % growth
  • Number of cards per capita
  • Number of accounts
  • Number of accounts % growth
  • Number of accounts per capita
  • Transactions
  • Transactions % growth
  • Transactions per capita

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