The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2019

The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2019

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Published on Oct 23, 2015 - 66 pages

Timetric's 'The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into China's cards and payments industry, including:
  • Current and forecast values for each market in China's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid cards market.
  • Detailed insights into payment instruments including check payments, credit transfers, checks, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing China's 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 of China's cards and payments industry.
Report Highlights
  • Following the World Trade Organization (WTO) ruling in lieu of discrimination against foreign companies, China announced its decision in October 2014 to open up its domestic bank card processing market for foreign companies, which was dominated by the domestic scheme provider China UnionPay (CUP). As a result, Visa and MasterCard are permitted to set up their own processing centers in China, effective from June 1, 2015. This move by the Chinese government is anticipated to intensify competition in the Chinese payment cards market and offer competition to the CUP.
  • In an attempt to protect consumer interest and privacy, the Chinese government proposed a new set of regulations in August 2015. The new regulation suggests limiting the amount consumers can pay through third-party online payment such as Alipay and Tenpay. The daily purchasing amounts through third-party payment agents will be determined based on the online system's security checks. If implemented, the new legislation is anticipated to wipe out smaller private third-party agents, due to the increased operational costs of implementing multiple security measures.
  • Operators are rolling out new technologies such as contactless mobile payments (m-payments) to capture a larger share of the growing Chinese payment cards market. In June 2013, the mobile network operator China Mobile and CUP together launched a near-field communication (NFC)-based mobile wallet called CUP Wallet in 14 cities. Bank of China (BOC), China CITIC Bank, Shanghai Pudong Development Bank, China Everbright Bank, China Minsheng Banking Corp, GF Securities, Bank of Shanghai and Bank of Beijing are the partner banks.
Report Scope
  • This report provides a comprehensive analysis of China's cards and payments industry.
  • It provides current values for China's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different demographic, economic, infrastructural and business drivers affecting China's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in China's cards and payments industry.
Reasons to Get this Report
  • Make strategic business decisions, using top-level historic and forecast market data, related to China's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in China's cards and payments industry.
  • Assess the competitive dynamics in China's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in China.
  • Gain insights into key regulations governing China's cards and payments industry.


Table of Contents

1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
4.2 Alternative Payment Instruments
4.2.1 Alipay
4.2.2 Smile To Pay
4.2.3 Tenpay
4.2.4 PayPal
5 Regulations in the Cards and Payments Industry
5.1 Regulatory Framework
5.1.1 CUP's payment guidelines
5.1.2 Proposed regulations for e-commerce
5.2 Anti-Money Laundering (AML)
5.3 Foreign Direct Investment (FDI) Regulations
6 Analysis of Cards and Payments Industry Drivers
6.1 Demographic Drivers
6.2 Economic Drivers
6.3 Infrastructure Drivers
6.4 Business Drivers
7 Market Segmentation and New Product Launches
7.1 Market Segmentation and Targeting
7.1.1 Consumer cards
7.1.2 Commercial cards
7.2 New Product Launches
8 Payment Cards
8.1 Payment Card Analysis
8.1.1 Volume and value of payment card transactions by type
8.1.2 Personal vs commercial cards
9 Debit Cards
9.1 Debit Card Market Analysis
9.1.1 Debit card transaction volumes and values by channel
9.1.2 Debit card scheme and issuer shares in terms of transaction value
9.1.3 Debit cards comparison
10 Credit Cards
10.1 Credit Card Market Analysis
10.1.1 Credit card transaction volumes and values by channel
10.1.2 Credit card scheme and issuer shares in terms of transaction value
10.1.3 Credit cards comparison
11 Charge Cards
11.1 Charge Card Market Analysis
11.1.1 Charge card transaction volumes and values by channel
11.1.2 Charge card scheme shares in terms of transaction value
11.1.3 Charge cards comparison
12 Commercial Cards
12.1 Commercial Card Market Analysis
12.1.1 Commercial cards comparison
13 Card Issuers
13.1 Agricultural Bank of China
13.2 China Construction Bank
13.3 Industrial and Commercial Bank of China
13.4 Bank of China
13.5 Bank of Communications
14 Prepaid Cards
14.1 Prepaid Card Market Analysis
14.1.1 Prepaid cards comparison
15 Appendix
15.1 Tables
15.2 Contact Timetric
15.3 About Timetric
15.4 Timetric's Services
15.5 Disclaimer

List of Tables

Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: China - Key Facts, 2014
Table 4: Regional Benchmarking of Chinese Payment Cards, 2014
Table 5: China - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2015
Table 7: Cards for Travelers, 2015
Table 8: Cards for Shoppers, 2015
Table 9: Cards for Students and Young Population, 2015
Table 10: Commercial Cards Comparison and Key Features, 2015
Table 11: China - New Product Launches


Companies Mentioned:

Agricultural Bank of China
China Construction Bank
Industrial and Commercial Bank of China
Bank of China
Bank of Communications
China UnionPay
Visa
MasterCard
American Express