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Country Report

China Flag Financial Cards and Payments in China

| Pages: 57

Price: US$2,100

About this Report

EXECUTIVE SUMMARY

Growth in financial cards transactions decelerates

Financial cards transactions in China registered decelerating growth in 2015, although more Chinese consumers are getting used to making payments using cards instead of cash due to the convenience and promotions offered. In addition to the relatively large base after several years of dynamic growth, the slowdown is mainly caused by weaker consumer confidence and a more conservative attitude in consumption due to the uncertainties in the economic environment. Furthermore, the strict implementation of anti-corruption policy continues to significantly affect pre-paid transactions.

Increasingly fierce competition amongst players

In China, the competition in financial cards, especially credit cards, continues to intensify amongst players as they have been making strong efforts to encourage card use and payment with strategies including engaging in aggressive marketing campaigns, offering numerous offers (ranging from travelling to dining) as well as launching various new cards to cater to the specific needs of consumers to further attract consumers and gain market share.

New bank card clearing rules launched in 2015

In April 2015, the Chinese government released detailed regulations to widen the market for bank card clearing services to further open and improve the financial sector. Starting from 1 June 2015, both international and domestic players meeting the requirements of the qualification are allowed to apply to conduct bank card clearing services in China. This is set to break the monopoly of China UnionPay and increase competition in the market to bring actual benefits to consumers.

Mobile payments continue to soar in China

In 2015, mobile payments saw an outstanding performance and have gained great popularity amongst Chinese consumers in terms of both transaction volume and transaction value thanks to the speed and convenience as well as the rising acceptance of on-the-go consumption. Meanwhile, the penetration of smartphones into lower-tier cities and the aggressive expansion of the leading players, especially the representative of the third-party payment operator, Alipay, have further contributed to the rapid development of mobile payments.

Healthy growth seen in financial cards and payments over the forecast period

Financial cards and payments in China is expected to see further steady growth over the forecast period due to the further penetration of financial cards, especially into lower-tier cities, and the growing acceptance of cashless transactions. The convenience of paying with financial cards, the benefits and rewards that come with this as well as the expected improvement in the security and efficiency of the card transaction environment are likely to increase the popularity of cashless payment over the forecast period.

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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 cards transactions decelerates

Increasingly fierce competition amongst players

New bank card clearing rules launched in 2015

Mobile payments continue to soar in China

Healthy growth seen in financial cards and payments over the forecast period

KEY TRENDS AND DEVELOPMENTS

Bank card clearing market has been opened up to foreign competition

Competition intensifies amongst players

Booming mobile trend further impacts financial cards and payments

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2010-2015
  • Table 2 Number of ATMs: Units 2010-2015
  • Table 3 Value Lost to Fraud 2010-2015
  • Table 4 Card Expenditure by Location 2015
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2010-2015
  • Table 6 Domestic versus Foreign Spend 2015

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2010-2015
  • Table 8 Financial Cards by Category: Number of Accounts 2010-2015
  • Table 9 Financial Cards Transactions by Category: Value 2010-2015
  • Table 10 Financial Cards by Category: Number of Transactions 2010-2015
  • Table 11 Consumer Payments by Category: Value 2010-2015
  • Table 12 Consumer Payments by Category: Number of Transactions 2010-2015
  • Table 13 M-Commerce by Category: Value 2010-2015
  • Table 14 M-Commerce by Category: % Value Growth 2010-2015
  • Table 15 Financial Cards: Number of Cards by Issuer 2010-2014
  • Table 16 Financial Cards: Number of Cards by Operator 2010-2014
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2010-2014
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2010-2014
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2015-2020
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2015-2020
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2015-2020
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2015-2020
  • Table 23 Forecast Consumer Payments by Category: Value 2015-2020
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2015-2020
  • Table 25 Forecast M-Commerce by Category: Value 2015-2020
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2015-2020

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

COMPETITIVE POSITIONING

  • Summary 3 Agricultural Bank of China Ltd: Competitive Position 2014

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

STRATEGIC DIRECTION

KEY FACTS

  • Summary 4 Bank of Communications Ltd: Operational Indicators

COMPETITIVE POSITIONING

  • Summary 5 Bank of Communications Ltd: Competitive Position 2014

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

STRATEGIC DIRECTION

KEY FACTS

  • Summary 6 China Construction Bank Corp: Operational Indicators

COMPETITIVE POSITIONING

  • Summary 7 China Construction Bank Corp: Competitive Position 2014

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

STRATEGIC DIRECTION

KEY FACTS

  • Summary 8 China Merchants Bank Co Ltd: Operational Indicators

COMPETITIVE POSITIONING

  • Summary 9 China Merchants Bank Co Ltd: Competitive Position 2014

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

COMPETITIVE POSITIONING

  • Summary 11 Industrial & Commercial Bank of China Ltd: Competitive Position 2014

ATM Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 27 ATM Cards: Number of Cards in Circulation 2010-2015
  • Table 28 ATM Cards Transactions 2010-2015
  • Table 29 ATM Cards in Circulation: % Growth 2010-2015
  • Table 30 ATM Cards Transactions: % Growth 2010-2015
  • Table 31 Forecast ATM Cards: Number of Cards in Circulation 2015-2020
  • Table 32 Forecast ATM Cards Transactions 2015-2020
  • Table 33 Forecast ATM Cards in Circulation: % Growth 2015-2020
  • Table 34 Forecast ATM Cards Transactions: % Growth 2015-2020

Credit Card Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 35 Credit Cards: Number of Cards in Circulation 2010-2015
  • Table 36 Credit Cards Transactions 2010-2015
  • Table 37 Credit Cards in Circulation: % Growth 2010-2015
  • Table 38 Credit Cards Transactions: % Growth 2010-2015
  • Table 39 Commercial Credit Cards: Number of Cards in Circulation 2010-2015
  • Table 40 Commercial Credit Cards Transactions 2010-2015
  • Table 41 Commercial Credit Cards in Circulation: % Growth 2010-2015
  • Table 42 Commercial Credit Cards Transactions: % Growth 2010-2015
  • Table 43 Personal Credit Cards: Number of Cards in Circulation 2010-2015
  • Table 44 Personal Credit Cards Transactions 2010-2015
  • Table 45 Personal Credit Cards in Circulation: % Growth 2010-2015
  • Table 46 Personal Credit Cards Transactions: % Growth 2010-2015
  • Table 47 Credit Cards: Number of Cards by Issuer 2010-2014
  • Table 48 Credit Cards: Number of Cards by Operator 2010-2014
  • Table 49 Credit Cards Payment Transaction Value by Issuer 2010-2014
  • Table 50 Credit Cards Payment Transaction Value by Operator 2010-2014
  • Table 51 Commercial Credit Cards: Number of Cards by Issuer 2010-2014
  • Table 52 Commercial Credit Cards: Number of Cards by Operator 2010-2014
  • Table 53 Commercial Credit Cards Payment Transaction Value by Issuer 2010-2014
  • Table 54 Commercial Credit Cards Payment Transaction Value by Operator 2010-2014
  • Table 55 Personal Credit Cards: Number of Cards by Issuer 2010-2014
  • Table 56 Personal Credit Cards: Number of Cards by Operator 2010-2014
  • Table 57 Personal Credit Cards Payment Transaction Value by Issuer 2010-2014
  • Table 58 Personal Credit Cards Payment Transaction Value by Operator 2010-2014
  • Table 59 Forecast Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 60 Forecast Credit Cards Transactions 2015-2020
  • Table 61 Forecast Credit Cards in Circulation: % Growth 2015-2020
  • Table 62 Forecast Credit Cards Transactions: % Growth 2015-2020
  • Table 63 Forecast Commercial Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 64 Forecast Commercial Credit Cards Transactions 2015-2020
  • Table 65 Forecast Commercial Credit Cards in Circulation: % Growth 2015-2020
  • Table 66 Forecast Commercial Credit Cards Transactions: % Growth 2015-2020
  • Table 67 Forecast Personal Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 68 Forecast Personal Credit Cards Transactions 2015-2020
  • Table 69 Forecast Personal Credit Cards in Circulation: % Growth 2015-2020
  • Table 70 Forecast Personal Credit Cards Transactions: % Growth 2015-2020

Debit Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 71 Debit Cards: Number of Cards in Circulation 2010-2015
  • Table 72 Debit Cards Transactions 2010-2015
  • Table 73 Debit Cards in Circulation: % Growth 2010-2015
  • Table 74 Debit Cards Transactions: % Growth 2010-2015
  • Table 75 Debit Cards: Number of Cards by Issuer 2010-2014
  • Table 76 Debit Cards: Number of Cards by Operator 2010-2014
  • Table 77 Debit Cards Payment Transaction Value by Issuer 2010-2014
  • Table 78 Debit Cards Payment Transaction Value by Operator 2010-2014
  • Table 79 Forecast Debit Cards: Number of Cards in Circulation 2015-2020
  • Table 80 Forecast Debit Cards Transactions 2015-2020
  • Table 81 Forecast Debit Cards in Circulation: % Growth 2015-2020
  • Table 82 Forecast Debit Cards Transactions: % Growth 2015-2020

Pre-Paid Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 83 Pre-paid Cards: Number of Cards in Circulation 2010-2015
  • Table 84 Pre-paid Cards Transactions 2010-2015
  • Table 85 Pre-paid Cards in Circulation: % Growth 2010-2015
  • Table 86 Pre-paid Cards Transactions: % Growth 2010-2015
  • Table 87 Closed Loop Pre-paid Cards Transactions 2010-2015
  • Table 88 Closed Loop Pre-paid Cards Transactions: % Growth 2010-2015
  • Table 89 Open Loop Pre-paid Cards Transactions 2010-2015
  • Table 90 Open Loop Pre-paid Cards Transactions: % Growth 2010-2015
  • Table 91 Pre-paid Cards: Number of Cards by Issuer 2010-2014
  • Table 92 Pre-paid Cards: Number of Cards by Operator 2010-2014
  • Table 93 Pre-paid Cards Transaction Value by Issuer 2010-2014
  • Table 94 Pre-paid Cards Transaction Value by Operator 2010-2014
  • Table 95 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2010-2014
  • Table 96 Closed Loop Pre-paid Cards: Number of Cards by Operator 2010-2014
  • Table 97 Closed Loop Pre-paid Cards Transaction Value by Issuer 2010-2014
  • Table 98 Closed Loop Pre-paid Cards Transaction Value by Operator 2010-2014
  • Table 99 Open Loop Pre-paid Cards: Number of Cards by Issuer 2010-2014
  • Table 100 Open Loop Pre-paid Cards: Number of Cards by Operator 2010-2014
  • Table 101 Open Loop Pre-paid Cards Transaction Value by Issuer 2010-2014
  • Table 102 Open Loop Pre-paid Cards Transaction Value by Operator 2010-2014
  • Table 103 Forecast Pre-paid Cards: Number of Cards in Circulation 2015-2020
  • Table 104 Forecast Pre-paid Cards Transactions 2015-2020
  • Table 105 Forecast Pre-paid Cards in Circulation: % Growth 2015-2020
  • Table 106 Forecast Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 107 Forecast Closed Loop Pre-paid Cards Transactions 2015-2020
  • Table 108 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 109 Forecast Open Loop Pre-paid Cards Transactions 2015-2020
  • Table 110 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2015-2020

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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