MarketResearchReports.Biz
presents this most up-to-date research on "The Cards and Payments
Industry in China: Emerging Trends and Opportunities to 2020".
Timetrics '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
(20112015).
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 (20162020). It also offers information on
the country's competitive landscape, including the market shares of
issuers and schemes.
The
report brings together Timetrics 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
Timetrics
'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.
Have Any Query? Ask Our Expert @ https://www.marketresearchreports.biz/sample/enquiryBuy/719016
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 countrys 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.
WeBanks 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 Chinas alternative payments
market.
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