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

  • ID: 4142866
  • Report
  • Region: China
  • 58 pages
  • GlobalData
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FEATURED COMPANIES

  • Bank of China
  • Bank of Communications
  • China Construction Bank
  • China Merchants Bank
  • China UnionPay
  • Mastercard
  • MORE
The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020

Summary:

The "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, 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 and payment methods.
- 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.

This 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 credit transfers, check payments, payment cards and cash transactions during the review period (2012-2016).

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 The 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.

The Chinese credit cards market is expected to attract more foreign competitors, as in June 2016, the central bank - People's Bank of China formally opened its credit card clearing market for foreign companies. The rules issued by the central bank and the China Banking Regulatory Commission require foreign companies to comply with national security and cybersecurity standards, and be locally based. The move, which ends CUP’s monopoly, was a result of long-standing demand for international scheme providers - particularly Mastercard and Visa.

In a bid to boost competition in the credit cards market, the central bank relaxed credit card lending rates in April 2016. Effective from January 2017, the new rule allows banks to offer up to a 30% discount on the credit card lending rate. In order to give banks autonomy to set their own terms, the central bank has also decided to eliminate unified rules on banks' interest-free period and minimum monthly repayments. Prior to the regulation, the lending rate was fixed at 0.05% per day; the interest free period can run up to 60 days, while the minimum monthly payment is at least 10% of the monthly bills. The new rule also allows banks to decide whether and how much to charge cardholders for delays in payments.

The cap on merchant service charges on card transactions was introduced in September 2016. According to the National Development and Reform Commission (NDRC) and the central bank, merchant service charges for debit cards are capped at 0.35%, while on credit cards it set as 0.45%. Prior to this new policy, banks could charge a maximum of 0.9% on card payments. With a reduction in revenue, card issuers are likely to cut card benefits for consumers, and instead look at new ways to generate revenue.

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 2016, 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.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bank of China
  • Bank of Communications
  • China Construction Bank
  • China Merchants Bank
  • China UnionPay
  • Mastercard
  • MORE
EXECUTIVE SUMMARY
1.1. Market overview
1.2. Key facts
1.3. Top five industry events
2. PAYMENT INSTRUMENTS
2.1. Current payment environment
3. E-COMMERCE AND ALTERNATIVE PAYMENTS
3.1. E-Commerce market analysis
3.2. Alternative payment solutions
3.2.1. Alipay
3.2.2. Tenpay
3.2.3. PayPal
3.2.4. Apple Pay
3.2.5. Samsung Pay
3.2.6. Huawei Pay
3.2.7. Mi Pay
3.2.8. QuickPass
3.2.9. Visa Checkout
3.2.10. MasterPass
4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.1.1. CUP’s payment guidelines
4.1.2. E-commerce regulation
4.2. Anti-money laundering
4.3. Foreign direct investment regulations
5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
6. PAYMENT CARDS
7. DEBIT CARDS
7.1. Debit cards market analysis
7.2. Competition in the debit cards market
7.3. Debit cards comparison
8. PAY LATER CARDS
8.1. Pay later cards market analysis
8.2. Competition in the pay later cards market
8.3. Pay later cards comparison
9. PREPAID CARDS
10. APPENDIX
10.1. Abbreviations and acronyms
10.2. Supplementary data
10.3. Definitions
10.4. Common payment card features
10.5. Methodology
10.6. Bibliography
10.7. Further reading

List of Tables
Table 1: China, Key Facts, 2016
Table 2: China, Regional Benchmarking of Payment Cards, 2016
Table 3: China, Mode of Entry of Foreign Banks
Table 4: China, Debit Cards Comparison and Key Features, 2016
Table 5: China, Gold Credit Cards Comparison and Key Features, 2016
Table 6: China, Premium Credit Cards Comparison and Key Features, 2016
Table 7: China, Charge Cards Comparison and Key Features, 2016
Table 8: China, Payment Instrument Transaction Values (CNY Trillion), 2012-2016
Table 9: China, Payment Instrument Transaction Values (US$ Trillion), 2012-2016
Table 10: China, Payment Instrument Transaction Volumes (Billion), 2012-2016
Table 11: China, Payment Cards in Circulation by Type (Million), 2012-2020
Table 12: China, Volume of Payment Card Transactions (Million), 2012-2020
Table 13: China, Value of Payment Card Transactions (CNY Billion), 2012-2020
Table 14: China, Value of Payment Card Transactions (US$ Billion), 2012-2020
Table 15: China, Debit Cards in Circulation (Billion), 2012-2020
Table 16: China, Debit Card Transaction Volumes, 2012-2020
Table 17: China, Debit Card Transaction Values (CNY), 2012-2020
Table 18: China, Debit Card Transaction Values (US$), 2012-2020
Table 19: China, Debit Cards in Circulation by Scheme (Billion), 2012-2016
Table 20: China, Debit Card Transaction Values by Scheme (CNY Trillion), 2012-2016
Table 21: China, Debit Card Transaction Values by Scheme (US$ Trillion), 2012-2016
Table 22: China, Debit Card Transaction Values by Issuer (CNY Billion), 2012-2016
Table 23: China, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 24: China, Pay Later Cards in Circulation (Million), 2012-2020
Table 25: China, Pay Later Card Transaction Volumes, 2012-2020
Table 26: China, Pay Later Card Transaction Values (CNY), 2012-2020
Table 27: China, Pay Later Card Transaction Values (US$), 2012-2020
Table 28: China, Pay Later Cards in Circulation by Scheme (Million), 2012-2016
Table 29: China, Pay Later Card Transaction Values by Scheme (CNY Trillion), 2012-2016
Table 30: China, Pay Later Card Transaction Values by Scheme (US$ Trillion), 2012-2016
Table 31: China, Pay Later Card Transaction Values by Issuer (CNY Billion), 2012-2016
Table 32: China, Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
Table 33: China, Credit Cards in Circulation (Million), 2012-2020
Table 34: China, Credit Card Transaction Volumes, 2012-2020
Table 35: China, Credit Card Transaction Values (CNY), 2012-2020
Table 36: China, Credit Card Transaction Values (US$), 2012-2020
Table 37: China, Credit Cards in Circulation by Scheme (Million), 2012-2016
Table 38: China, Credit Card Transaction Values by Scheme (CNY Trillion), 2012-2016
Table 39: China, Credit Card Transaction Values by Scheme (US$ Trillion), 2012-2016
Table 40: China, Charge Cards in Circulation (Million), 2012-2020
Table 41: China, Charge Card Transaction Volumes, 2012-2020
Table 42: China, Charge Card Transaction Values (CNY), 2012-2020
Table 43: China, Charge Card Transaction Values (US$), 2012-2020
Table 44: China, Charge Cards in Circulation by Scheme (Million), 2012-2016
Table 45: China, Charge Card Transaction Values by Scheme (CNY Billion), 2012-2016
Table 46: China, Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
Table 47: China, Prepaid Cards in Circulation (Million), 2012-2020
Table 48: China, Prepaid Card Transaction Values (CNY Billion), 2012-2020
Table 49: China, Prepaid Card Transaction Values (US$ Billion), 2012-2020
Table 50: Definitions of Commonly Used Terms
Table 51: Common Features of Payment Cards

List of Figures
Figure 1: China, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
Figure 2: China, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
Figure 3: China, E-Commerce Value
Figure 4: China, Population and Economic Indicators
Figure 5: China, ATMs, POS Terminals and Household Consumption
Figure 6: China, Payment Cards Transaction Value and Cards in Circulation, 2012-2020
Figure 7: China, Debit Card Penetration and Turnover Per Card
Figure 8: China, Debit Cards Scheme and Issuer Transaction Value Share, 2016
Figure 9: China, Pay Later Card Penetration and Turnover Per Card
Figure 10: China, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016
Figure 11: China, Prepaid Cards in Circulation and Transaction Value, 2012-2020
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  • Agricultural Bank of China
  • Industrial and Commercial Bank of China
  • China Construction Bank
  • Bank of China
  • China Merchants Bank
  • Bank of Communications
  • China UnionPay
  • Visa
  • Mastercard
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