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Country Report

China Flag Financial Cards and Payments in China

| Pages: 55

Price: US$1,900

About this Report

EXECUTIVE SUMMARY

Financial card transactions further decelerate yet remain robust in 2013

Total card transactions further decelerate in 2013 as compared to 2012, mainly due to the economic slowdown in China and the uncertain global economy, leading to weaker consumer confidence and less frequent transactions. However, total card transactions remain vigorous in cards in circulation, transactions and retail value, underpinned by consumers’ growing acceptance of debit and credit cards, to facilitate a cashless, secure and convenient transaction in line with the faster pace of life particularly among urban dwellers.

Skyrocketing internet retailing accelerates online and mobile transactions

Internet retailing is booming in China, backed by the mounting internet surfers and the rising ownership of computers and smartphones. Increasing online and mobile payments have further reduced transactions and retail value of ATMs, resulting in a decline in growth. On the other hand, debit and credit card transactions continue to be buoyant and record double-digit current value growth, though decelerating in 2013 over 2012 given the unfavourable macroeconomic climate.

China’s Big Four continue to lead despite intensifying competition

China’s Big Four, namely Agricultural Bank of China, Industrial & Commercial Bank of China, China Construction Bank and Bank of China, continue to take a comfortable lead in the card payment transactions market, jointly taking the lion’s share of total transaction value in the market. However, emerging banks such as China Everbright Bank and China Minsheng Bank are growing more vigorously with their flexible and creative marketing and development strategies.

Relevant authorities promote more secure and convenient transaction environment

To further boost the efficiency and security of transactions, People’s Bank of China, the central bank in the country, regulates that financial cards with integrated circuit (IC), or IC smart cards, will be promoted, to replace all magnetic stripe cards in developed regions by the end of 2014. The major card operator, China UnionPay, has taken one step further by launching the Quick Pass system, to enable contactless transactions for IC smart cards, which can further reduce the transaction time. To meet the growing demand for mobile commerce, China UnionPay also introduced the first contactless mobile payment system in 14 cities in 2013, enabling consumers to link their financial cards to NFC-enabled smartphones from China Mobile.

Financial cards and payments expect healthy forecast growth

Financial cards and payments are expected to experience a healthy value CAGR over the forecast period, propelled by a more secure and efficient transaction environment and the rising consumer acceptance of cashless transactions, on the back of soaring online and mobile payments. On the other hand, growing household income and the Chinese government’s policy to boost the economy via domestic consumption are also projected to have a positive effect on overall cards and payments performance 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

Financial card transactions further decelerate yet remain robust in 2013

Skyrocketing internet retailing accelerates online and mobile transactions

China’s Big Four continue to lead despite intensifying competition

Relevant authorities promote more secure and convenient transaction environment

Financial cards and payments expect healthy forecast growth

KEY TRENDS AND DEVELOPMENTS

Growth for card transactions and cards in circulation decelerates, but remains robust

Booming internet retailing has changed payment market

Advanced technology to further boost cards and payment market

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2008-2013
  • Table 2 Number of ATMs: Units 2008-2013
  • Table 3 Value Lost to Fraud 2008-2013
  • Table 4 Card Expenditure by Location 2013
  • Table 5 Card Expenditure by Category 2013
  • Table 6 Financial Cards in Circulation by Type: % Number of Cards 2008-2013
  • Table 7 Domestic versus Foreign Spend 2013

MARKET DATA

  • Table 8 Consumer Payments: Value 2008-2013
  • Table 9 Consumer Payments: Number of Transactions 2008-2013
  • Table 10 Financial Cards: Number of Cards in Circulation 2008-2013
  • Table 11 Financial Cards Transactions: Value 2008-2013
  • Table 12 Financial Cards: Number of Transactions 2008-2013
  • Table 13 Financial Cards: Number of Accounts 2008-2013
  • Table 14 Financial Cards: Number of Cards by Issuer 2008-2012
  • Table 15 Financial Cards: Number of Cards by Operator 2008-2012
  • Table 16 Financial Cards: Card Payment Transaction Value by Operator 2008-2012
  • Table 17 Financial Cards: Card Payment Transaction Value by Issuer 2008-2012
  • Table 18 Consumer Payments Forecast: Value 2013-2018
  • Table 19 Consumer Payments Forecast: Number of Transactions 2013-2018
  • Table 20 Financial Cards Forecast: Number of Cards in Circulation 2013-2018
  • Table 21 Financial Cards Forecast: Value 2013-2018
  • Table 22 Financial Cards Forecast: Number of Transactions 2013-2018
  • Table 23 Financial Cards Forecast: Number of Accounts 2013-2018

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 2012

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 2012

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 2012

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 2012

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

STRATEGIC DIRECTION

KEY FACTS

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

COMPANY BACKGROUND

COMPETITIVE POSITIONING

  • Summary 11 Industrial & Commercial Bank of China Ltd: Competitive Position 2012

ATM Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 24 ATM Cards Category Performance 2008-2013
  • Table 25 ATM Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 26 ATM Cards Category Performance: % Growth 2008-2013
  • Table 27 ATM Cards in Circulation Category Performance: % Growth 2008-2013
  • Table 28 ATM Cards Forecast Category Performance 2013-2018
  • Table 29 ATM Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 30 ATM Cards Forecast Category Performance: % Growth 2013-2018
  • Table 31 ATM Cards in Circulation Forecast Category Performance: % Growth 2013-2018

Credit Card Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 32 Credit Cards Category Performance 2008-2013
  • Table 33 Credit Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 34 Credit Cards Category Performance: % Growth 2008-2013
  • Table 35 Credit Cards in Circulation Category Performance: % Growth 2008-2013
  • Table 36 Commercial Credit Cards Category Performance 2008-2013
  • Table 37 Commercial Credit Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 38 Commercial Credit Cards Category Performance: % Growth 2008-2013
  • Table 39 Personal Credit Cards Category Performance 2008-2013
  • Table 40 Personal Credit Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 41 Personal Credit Cards Category Performance: % Growth 2008-2013
  • Table 42 Personal Credit Cards in Circulation Category Performance: % Growth 2008-2013
  • Table 43 Credit Cards: Number of Cards by Issuer 2008-2012
  • Table 44 Credit Cards: Number of Cards by Operator 2008-2012
  • Table 45 Credit Cards Payment Transaction Value by Issuer 2008-2012
  • Table 46 Credit Cards Payment Transaction Value by Operator 2008-2012
  • Table 47 Commercial Credit Cards: Number of Cards by Issuer 2008-2012
  • Table 48 Commercial Credit Cards: Number of Cards by Operator 2008-2012
  • Table 49 Commercial Credit Cards Payment Transaction Value by Issuer 2008-2012
  • Table 50 Commercial Credit Cards Payment Transaction Value by Operator 2008-2012
  • Table 51 Personal Credit Cards: Number of Cards by Issuer 2008-2012
  • Table 52 Personal Credit Cards: Number of Cards by Operator 2008-2012
  • Table 53 Personal Credit Cards Payment Transaction Value by Issuer 2008-2012
  • Table 54 Personal Credit Cards Payment Transaction Value by Operator 2008-2012
  • Table 55 Credit Cards Forecast Category Performance 2013-2018
  • Table 56 Credit Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 57 Credit Cards Forecast Category Performance: % Growth 2013-2018
  • Table 58 Credit Cards in Circulation Forecast Category Performance: % Growth 2013-2018
  • Table 59 Commercial Credit Cards Forecast Category Performance 2013-2018
  • Table 60 Commercial Credit Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 61 Commercial Credit Cards Forecast Category Performance: % Growth 2013-2018
  • Table 62 Commercial Credit Cards in Circulation Forecast Category Performance: % Growth 2013-2018
  • Table 63 Personal Credit Cards Forecast Category Performance 2013-2018
  • Table 64 Personal Credit Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 65 Personal Credit Cards Forecast Category Performance: % Growth 2013-2018
  • Table 66 Personal Credit Cards in Circulation Forecast Category Performance: % Growth 2013-2018

Debit Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 67 Debit Cards Category Performance 2008-2013
  • Table 68 Debit Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 69 Debit Cards Category Performance: % Growth 2008-2013
  • Table 70 Debit Cards in Circulation Category Performance: % Growth 2008-2013
  • Table 71 Debit Cards: Number of Cards by Issuer 2008-2012
  • Table 72 Debit Cards: Number of Cards by Operator 2008-2012
  • Table 73 Debit Cards Payment Transaction Value by Issuer 2008-2012
  • Table 74 Debit Cards Payment Transaction Value by Operator 2008-2012
  • Table 75 Debit Cards Forecast Category Performance 2013-2018
  • Table 76 Debit Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 77 Debit Cards Forecast Category Performance: % Growth 2013-2018
  • Table 78 Debit Cards in Circulation Forecast Category Performance: % Growth 2013-2018

Pre-Paid Transactions in China - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 79 Pre-paid Cards Category Performance 2008-2013
  • Table 80 Pre-paid Cards Category Performance: Number of Cards in Circulation 2008-2013
  • Table 81 Pre-paid Cards Category Performance: % Growth 2008-2013
  • Table 82 Pre-paid Cards in Circulation Category Performance: % Growth 2008-2013
  • Table 83 Closed Loop Pre-paid Cards Category Performance 2008-2013
  • Table 84 Closed Loop Pre-paid Cards Category Performance: % Growth 2008-2013
  • Table 85 Pre-paid Cards: Number of Cards by Issuer 2008-2012
  • Table 86 Pre-paid Cards: Number of Cards by Operator 2008-2012
  • Table 87 Pre-paid Cards Transaction Value by Issuer 2008-2012
  • Table 88 Pre-paid Cards Transaction Value by Operator 2008-2012
  • Table 89 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2008-2012
  • Table 90 Closed Loop Pre-paid Cards: Number of Cards by Operator 2008-2012
  • Table 91 Closed Loop Pre-paid Cards Transaction Value by Issuer 2008-2012
  • Table 92 Closed Loop Pre-paid Cards Transaction Value by Operator 2008-2012
  • Table 93 Pre-paid Cards Forecast Category Performance 2013-2018
  • Table 94 Pre-paid Cards Forecast Category Performance: Number of Cards in Circulation 2013-2018
  • Table 95 Pre-paid Cards Forecast Category Performance: % Growth 2013-2018
  • Table 96 Pre-paid Cards in Circulation Forecast Category Performance: % Growth 2013-2018
  • Table 97 Closed Loop Pre-paid Cards Forecast Category Performance 2013-2018
  • Table 98 Closed Loop Pre-paid Cards Forecast Category Performance: % Growth 2013-2018
  • Table 99 Open Loop Pre-paid Cards Forecast Category Performance: % Growth 2013-2018

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

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
  • Card Expenditure by Sector
  • 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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