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First Data International commissioned the Economist Intelligence Unit to write Beyond Cash: China’s Emerging Payments Market, an in-depth review of the burgeoning payments market in China. With the exception of the “First Data Insights” sections in the text and sidebars of the report, the views and opinions expressed herein are those of the Economist Intelligence Unit. The Economist Intelligence Unit executed the online survey, conducted the interviews and wrote the report. The findings and views expressed in this report do not necessarily reflect the views of the sponsor. The research drew on two main initiatives:
The Economist Intelligence Unit conducted a wide-ranging online survey of 152 senior bankers from around the world in March and April 2007. All respondents represent banks that either operate in the Chinese market already or plan to enter the market within the next three years.
To supplement the survey results, the Economist Intelligence Unit also conducted in-depth interviews with 20 senior banking, retail and payment services executives from firms currently operating in China, or intending to enter the market within the next three years.
We would like to thank all the executives who participated in the survey and interviews for their time and insights.