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China Country Report

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  • Published Date: September 2017

A comprehensive overview of the cards, payments and consumer banking market in China.

CHINA CARDS & PAYMENTS REPORT | KEY FACTS

  • China's payment cards market has grown remarkably since the establishment of UnionPay as the country's sole interbank transfer network in 2002.
  • In 2016, almost $12 trillion was billed on the 6.1 billion cards in issue, up from $2.8 trillion in 2010.
  • China's cards industry is, however, facing a threat from third-party internet and mobile payment players such as Alipay and Tencent.
  • These services have proven extraordinarily popular thanks to user-friendly interfaces and the growing smartphone penetration.
  • Device manufacturers Apple, Samsung, Huawei and Xiaomi have also launched mobile payment services in partnership with UnionPay and issuing banks.
  • In June 2016, the PBC and the CBRC announced rules to be followed by foreign companies in setting up bank card clearing businesses in China.
  • Foreign networks must hold a licence, adhere to the country's national security and cybersecurity standards and hold $143.9 million in registered capital in a Chinese company.

China Payments Research | Report Contents

Demographics and Economy:
Outlines the key metrics and trends which influence the development of retail banking and payments in the country:

  • Population structure
  • Income
  • Mobile and internet use
  • Economic data

Retail Banking:
Explores the structure of the local banking system, its infrastructure and the leading players. Data includes:

  • Aggregate retail banking indicators
  • Bank branch, ATMs and POS terminals
  • The profitability of top banks

Consumer Finance:
Overview of consumer finance in the country. Categories analysed include:

  • Mortgage loans
  • Personal loans
  • Credit card loans
  • Vehicle loans

Credit Cards:
Industry-leading credit card coverage. We detail the past present and future of the industry through our data and commentary, including:

  • Market size split by consumer and commercial credit cards: number of cards, transaction volume, billed volume
  • Profit pool analysis
  • Competitive landscape: networks, issuers

Debit Cards:

  • Market size: number of cards, transaction volume, billed volume
  • Competitive landscape: networks, issuers

Prepaid Cards:

  • Market size: number of cards, transaction volume, billed volume

MORE ASIA-PACIFIC CARDS & PAYMENTS REPORTS

Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in the Asia Pacific region. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and finance experts.

See more Asia-Pacific Country Reports or explore the full range of cards and payments reports available for 72 markets worldwide.

To find out more or to discuss subscription options, please email: research_enquiries@verisk.com or telephone: +44(0)20 7337 4200.