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Country Report

Financial Cards and Payments in

Financial Cards and Payments in China

42 pages, Feb 2018

US$2,100

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Executive Summary

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Card payment transactions witnesses strong growth in 2017

Card payments are gaining in popularity in China, mainly boosted by the strong growth of credit card transactions for convenience and various promotions by issuers and operators. Many commercial banks aim to develop and promote their credit transactions by launching various products to attract a higher number of consumers and even encourage cardholders to pay automobile and house instalments by credit card.

Advanced payment technologies are widely applied

Chinese consumers are continuing to shift from cash to mobile payments without card presence with the rising number of users of smartphones and third party payments. In response to this shifting trend, card issuers are making great efforts to innovate relevant payment technologies such as Quick Pass, cloud payment and host-based card emulation to meet consumers’ increasing demand for making transactions with smartphone applications.

Financial cards tend to target young generations

The growing spending power of the younger generations (post-1990s), has led card issuers and operators to pay greater attention to this demographic, including undergraduates, fresh graduates and new white collar workers. Tailored products are launched and promoted specifically to this young consumer group, with features of various discounts catering to their consumption preferences such as cafés, popular dining spots and shopping centres.

Co-branded cards gain in popularity and offer greater competitiveness

A number of players have been cooperating to develop co-branded credit and debit cards to be more competitive and target specific groups of potential consumers. Notably, the cooperation was not limited to issuers and operators, but extended to third party payment players and other merchants.

Mobile payments expected to boost growth in financial cards over the forecast period

Mobile payments will continue its booming development with its optimised consumer experience and time-saving features. A further increasing number of smartphone users are in turn likely to boost the rapid upgrade of mobile payments, which is not limited to third party payment platforms on mobile apps.

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Overview

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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.

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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.

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Financial Cards and Payments in China - Industry Overview

EXECUTIVE SUMMARY

Card payment transactions witnesses strong growth in 2017

Advanced payment technologies are widely applied

Financial cards tend to target young generations

Co-branded cards gain in popularity and offer greater competitiveness

Mobile payments expected to boost growth in financial cards over the forecast period

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2012-2017
Table 2 Number of ATMs: Units 2012-2017
Table 3 Value Lost to Fraud 2012-2017
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 6 Domestic versus Foreign Spend 2017

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 8 Financial Cards by Category: Number of Accounts 2012-2017
Table 9 Financial Cards Transactions by Category: Value 2012-2017
Table 10 Financial Cards by Category: Number of Transactions 2012-2017
Table 11 Consumer Payments by Category: Value 2012-2017
Table 12 Consumer Payments by Category: Number of Transactions 2012-2017
Table 13 M-Commerce by Category: Value 2013-2017
Table 14 M-Commerce by Category: % Value Growth 2013-2017
Table 15 Financial Cards: Number of Cards by Issuer 2012-2016
Table 16 Financial Cards: Number of Cards by Operator 2012-2016
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 20 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 21 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 22 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 23 Forecast Consumer Payments by Category: Value 2017-2022
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 25 Forecast M-Commerce by Category: Value 2017-2022
Table 26 Forecast M-Commerce by Category: % Value Growth 2017-2022

SOURCES

Summary 1 Research Sources

Charge Cards in China - Category analysis

PROSPECTS

Credit Cards in China - Category analysis

HEADLINES

PROSPECTS

Banks target undergraduates

Consumer concerns over security encourages new regulations

Innovation in credit cards will offer convenience to consumers

COMPETITIVE LANDSCAPE

Industrial & Commercial Bank of China retains local issuer leadership despite loss of share

Shanghai Pudong Development Bank displays strong growth

Third party payment players offer expansion to banks

CATEGORY DATA

Table 27 Credit Cards: Number of Cards in Circulation 2012-2017
Table 28 Credit Cards Transactions 2012-2017
Table 29 Credit Cards in Circulation: % Growth 2012-2017
Table 30 Credit Cards Transactions: % Growth 2012-2017
Table 31 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 32 Commercial Credit Cards Transactions 2012-2017
Table 33 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 34 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 35 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 36 Personal Credit Cards Transactions 2012-2017
Table 37 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 38 Personal Credit Cards Transactions: % Growth 2012-2017
Table 39 Credit Cards: Number of Cards by Issuer 2012-2016
Table 40 Credit Cards: Number of Cards by Operator 2012-2016
Table 41 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 42 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 43 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 44 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 47 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 48 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 50 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 51 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 52 Forecast Credit Cards Transactions 2017-2022
Table 53 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 54 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 56 Forecast Commercial Credit Cards Transactions 2017-2022
Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 60 Forecast Personal Credit Cards Transactions 2017-2022
Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 62 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in China - Category analysis

HEADLINES

PROSPECTS

Banks’ efforts may halt loss of popularity for debit transactions over forecast period

Multifunctional attributes could attract consumers

Digitalisation and technology will be future trends in debit cards

COMPETITIVE LANDSCAPE

China Construction Bank gains leadership of debit transactions as local issuer

UnionPay dominates as local card operator

Leading local issuer loses share to smaller players

CATEGORY DATA

Table 63 Debit Cards: Number of Cards in Circulation 2012-2017
Table 64 Debit Cards Transactions 2012-2017
Table 65 Debit Cards in Circulation: % Growth 2012-2017
Table 66 Debit Cards Transactions: % Growth 2012-2017
Table 67 Debit Cards: Number of Cards by Issuer 2012-2016
Table 68 Debit Cards: Number of Cards by Operator 2012-2016
Table 69 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 70 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 71 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 72 Forecast Debit Cards Transactions 2017-2022
Table 73 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 74 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in China - Category analysis

HEADLINES

PROSPECTS

Pre-paid cards increasingly seen as outdated

Improving functionalities may offer hope for future growth potential

Digital pre-paid will overtake popularity of physical cards

COMPETITIVE LANDSCAPE

Local issuers seek to improve services amid sluggish performance

Expansion explored by issuers

Players respond to consumers’ increasing usage of online shopping

CATEGORY DATA

Table 75 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 76 Pre-paid Cards Transactions 2012-2017
Table 77 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 78 Pre-paid Cards Transactions: % Growth 2012-2017
Table 79 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 81 Open Loop Pre-paid Cards Transactions 2012-2017
Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 83 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 84 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 85 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 86 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 96 Forecast Pre-paid Cards Transactions 2017-2022
Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 98 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 101 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Megatrends

Country Report

Financial Cards and Payments in China

New Report Guarantee

Executive Summary

New Report Guarantee

Card payment transactions witnesses strong growth in 2017

Advanced payment technologies are widely applied

Financial cards tend to target young generations

Co-branded cards gain in popularity and offer greater competitiveness

Mobile payments expected to boost growth in financial cards over the forecast period

Overview

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Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Financial Cards and Payments in China - Industry Overview

EXECUTIVE SUMMARY

Card payment transactions witnesses strong growth in 2017

Advanced payment technologies are widely applied

Financial cards tend to target young generations

Co-branded cards gain in popularity and offer greater competitiveness

Mobile payments expected to boost growth in financial cards over the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

Charge Cards in China - Category analysis

PROSPECTS

Credit Cards in China - Category analysis

HEADLINES

PROSPECTS

Banks target undergraduates

Consumer concerns over security encourages new regulations

Innovation in credit cards will offer convenience to consumers

COMPETITIVE LANDSCAPE

Industrial & Commercial Bank of China retains local issuer leadership despite loss of share

Shanghai Pudong Development Bank displays strong growth

Third party payment players offer expansion to banks

CATEGORY DATA

Debit Cards in China - Category analysis

HEADLINES

PROSPECTS

Banks’ efforts may halt loss of popularity for debit transactions over forecast period

Multifunctional attributes could attract consumers

Digitalisation and technology will be future trends in debit cards

COMPETITIVE LANDSCAPE

China Construction Bank gains leadership of debit transactions as local issuer

UnionPay dominates as local card operator

Leading local issuer loses share to smaller players

CATEGORY DATA

Pre-Paid Cards in China - Category analysis

HEADLINES

PROSPECTS

Pre-paid cards increasingly seen as outdated

Improving functionalities may offer hope for future growth potential

Digital pre-paid will overtake popularity of physical cards

COMPETITIVE LANDSCAPE

Local issuers seek to improve services amid sluggish performance

Expansion explored by issuers

Players respond to consumers’ increasing usage of online shopping

CATEGORY DATA

Store Cards in China - Category analysis

PROSPECTS

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