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

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.

Full Report Details at
- http://www.fastmr.com/prod/1062630_the_cards_payments_industry.aspx?afid=301

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.

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