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The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020

The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Chinese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, and credit transfers during the review period (2011–2015).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Chinese cards and payments industry, including:

  • Current and forecast values for each market in the Chinese cards and payments industry, including debit card, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Chinese cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Chinese cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the Chinese cards and payments industry.
  • It provides current values for the Chinese cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Chinese cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Chinese cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Chinese cards and payments industry.
  • Assess the competitive dynamics in the Chinese cards and payments industry.
  • Gain insights into marketing strategies used for various card types in China.
  • Gain insights into key regulations governing the Chinese cards and payments industry.
Key Highlights
  • The People's Bank of China – the country’s central bank – announced in March 2016 that it is contemplating a cap merchant on service charges on card transactions. According to the National Development and Reform Commission (NDRC) and the central bank of China, merchant service charges for debit cards will be capped at 0.35%, while those on credit cards will be no more than 0.45%. Prior to this new policy, banks could charge a maximum 0.9% on card payments. The central bank of China said that the development will take effect on September 6, 2016. This would result in saving of US$1.2 billion (CNY7.4 billion) for merchants in a year. With reduction in revenue, card issuers are likely to cut card benefits for consumers, and instead look at new ways to generate revenue.
  • The emergence of digital-only banks is likely to accelerate a shift towards electronic payments in China. WeBank which was launched in January 2015, became the country's first digital only bank, allowing consumers to conduct banking transactions entirely online and via mobile phones. WeBank’s launch was followed by the launch of MYBank and Baixin Bank in June and November of 2015 respectively.
  • The uptake of alternative payments among Chinese consumers is gaining traction due to the availability of a number of options, such as Alipay, Tenpay and PayPal. In April 2016, Chinese smartphone maker Xiaomi collaborated with China UnionPay (CUP) to introduce its own m-payment service. Similarly, Chinese mobile manufacturer Huawei Technologies entered into a partnership with CUP in March 2016 to launch its m-payment service, Huawei Pay. In February 2016, Apple Pay entered the Chinese market in partnership with CUP. Following the launch of Apple Pay, South Korean company Samsung also launched its m-payment service in China in March 2016, in alliance with CUP. The entry of new alternative payment solutions such as Apple Pay, Samsung Pay, QuickPass and Huawei Pay is likely to intensify competition in China’s alternative payments market.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table China - Key Facts, 2015
    • Table Regional Benchmarking of Chinese Payment Cards, 2015
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce
    • E-Commerce Market Analysis
  • Alternative Payments
    • Alternative Payment Instruments
      • Alipay
      • Tenpay
        • Table Comparative Assessment of Alipay and Tenpay, 2015
      • Apple Pay
      • Samsung Pay
      • PayPal
      • Huawei Pay
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • CUP's payment guidelines
      • E-commerce regulation
      • Regulation on merchant service charge
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table China - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation and New Product Launches
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2016
        • Table Cards for Travelers, 2016
        • Table Cards for Shoppers, 2016
        • Table Cards for Students and the Young Population, 2016
      • Commercial cards
        • Table Commercial Cards Comparison and Key Features, 2016
    • New Product Launches
      • Table China - New Product Launches
  • Payment Cards
    • Payment Cards Market Analysis
      • Volume and value of payment card transactions by type
  • Debit Cards
    • Debit Card Market Analysis
      • Turnover per debit card and transaction values by channel
      • Debit card scheme and issuer shares in terms of transaction value
      • Debit cards comparison
        • Table China - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
      • Turnover per pay later cards and transaction values by channel
      • Pay later cards scheme and issuer shares in terms of transaction value
      • Pay later cards comparison
        • Table China - Gold Credit Cards Comparison and Key Features, 2016
        • Table China - Premium Credit Cards Comparison and Key Features, 2016
        • Table China - Charge Cards Comparison and Key Features, 2016
  • Commercial Pay Later Cards
    • Commercial Pay Later Cards Market Analysis
      • Commercial cards comparison
        • Table China - Commercial Pay Later Cards Comparison and Key Features, 2016
  • Card Issuers
    • Agricultural Bank of China
    • Industrial and Commercial Bank of China
    • China Construction Bank
    • Bank of China
    • China Merchants Bank
  • Prepaid Cards
    • Prepaid Card Market Analysis
      • Prepaid cards comparison
        • Table China - Prepaid Cards Comparison and Key Features, 2016
  • Appendix
    • Tables
      • Table China - Payment Instrument Transaction Values (CNY Trillion), 2011-2015
      • Table China - Payment Instrument Transaction Values (US$ Trillion), 2011-2015
      • Table China - Payment Instrument Transaction Volumes (Million), 2011-2015
      • Table China - Number of Payment Cards in Circulation by Type (Million), 2011-2020
      • Table China - Volume of Payment Card Transactions by Type (Million), 2011-2020
      • Table China - Value of Payment Card Transactions by Type (CNY Billion), 2011-2020
      • Table China - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
      • Table China - Number of Debit Cards in Circulation (Million), 2011-2020
      • Table China - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table China - Debit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table China - Number of Debit Cards in Circulation By Scheme (Million), 2011-2015
      • Table China - Debit Card Transaction Values By Scheme (CNY Trillion), 2011-2015
      • Table China - Debit Card Transaction Values By Scheme (US$ Trillion), 2011-2015
      • Table China - Debit Card Transaction Values by Issuer (CNY Billion), 2011-2015
      • Table China - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
      • Table China - Number of Pay Later Cards in Circulation (Million), 2011-2020
      • Table China - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table China - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020
      • Table China - Number of Pay Later Cards in Circulation By Scheme (Million), 2011-2015
      • Table China - Pay Later Card Transaction Values By Scheme (CNY Trillion), 2011-2015
      • Table China - Pay Later Card Transaction Values By Scheme (US$ Trillion), 2011-2015
      • Table China - Pay Later Card Transaction Values By Issuer (CNY Billion), 2011-2015
      • Table China - Pay Later Card Transaction Values By Issuer (US$ Billion), 2011-2015
      • Table China - Number of Credit Cards in Circulation (Million), 2011-2020
      • Table China - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table China - Credit Card Total and Average Transaction Values by Channel, 2011-2020
      • Table China - Number of Credit Cards in Circulation By Scheme (Million), 2011-2015
      • Table China - Credit Card Transaction Values By Scheme (CNY Trillion), 2011-2015
      • Table China - Credit Card Transaction Values By Scheme (US$ Trillion), 2011-2015
      • Table China - Number of Charge Cards in Circulation (Thousand), 2011-2020
      • Table China - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
      • Table China - Charge Card Total and Average Transaction Values by Channel, 2011-2020
      • Table China - Number of Charge Cards in Circulation By Scheme (Million), 2011-2015
      • Table China - Charge Card Transaction Values By Scheme (CNY Billion), 2011-2015
      • Table China - Charge Card Transaction Values By Scheme (US$ Billion), 2011-2015
      • Table China - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
      • Table China - Personal and Commercial Pay Later Card Transaction Values (CNY Billion), 2011-2020
      • Table China - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
      • Table China - Number of Commercial Pay Later Cards in Circulation (Million), 2011-2020
      • Table China - Commercial Pay Later Card Transaction Values (CNY Billion), 2011-2020
      • Table China - Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
      • Table China - Commercial Pay Later Card Transaction Volume (Million), 2011-2020
      • Table China - Number of Prepaid Cards in Circulation (Million), 2011-2020
      • Table China - Prepaid Card Transaction Values (CNY Billion), 2011-2020
      • Table China - Prepaid Card Transaction Values (US$ Billion), 2011-2020
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