Emerging Opportunities in the China Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
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Emerging Opportunities in the China Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape

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Emerging Opportunities in the China Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape Emerging Opportunities in the China Cards and Payments Market: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape Document Transcript

  • Emerging Opportunities in the China Cards and PaymentsMarket: Market Size, Trends and Drivers, Strategies, Productsand Competitive LandscapeReport Details:Published:November 2012No. of Pages: 90Price: Single User License – US$4495SynopsisThe report provides market analysis, information and insights into Chinas cards and paymentsmarket, including:•Current and forecast values for each segment of the Chinese cards and payment market including debit cards, credit cards, prepaid cards and charge cards.•Comprehensive analysis of the industry’s market attractiveness and future growth areas.•Analysis of various market drivers and regulations governing Chinas cards and payment market.•Detailed analysis of the marketing strategies adopted for selling prepaid cards used by various bankers and other institutions in the market.•Comprehensive analysis of consumer attitudes and their buying preferences for cards.•Competitive landscape of Chinas cards and payments market.Executive summaryThe card market in China exhibited double digit growth both in value and volume terms during thereview period. The debit card market grew at a CAGR of 17.27% during the review period in valueterms. In volume terms the growth was even significant and was 47.6%. Similarly the credit cardmarket grew at a CAGR of 34.1% in volume terms during the review period. In value terms themarket grew by 60.0%. Both the debit and credit card market are expected to grow positively invalue and volume terms during the forecast period. A notable tendency in the card market is thatconsumers use credit and debit cards for making high-value transactions. This has generated amassive growth in value terms both in the debit and credit card segments. Debit and credit cardsare expected to be used for effecting high-value transactions in the forecast period. The debit cardand credit card market is expected to grow at a CAGR of 47.6% and 60% respectively in valueterms during the forecast period.ScopeThis report provides a comprehensive analysis of the Chinese cards and payments market.•It provides current values for the Chinese cards and payments market for 2011 and forecast figures for 2016.
  • •It details the different macroeconomic, infrastructural, consumer and business drivers affecting the Chinese cards and payments industry.•It outlines the current regulatory framework in the industry.•It details the marketing strategies used by various bankers and other institutions.•It profiles the major banks in Chinas cards and payments market.Key highlights•The debit card and credit card market is expected to grow at a CAGR of 47.6% and 60.0% respectively in value terms during the forecast period. This tendency reflects a huge potential for expanding cards to tap daily low-value transactions in the market.•The Peoples Bank of China (PBC) has tightened rules in the credit and prepaid card market. The prepaid gift card market is allegedly used for money laundering and tax evasion by corporates. To counter this, the central bank has introduced legislation regarding the validity of prepaid cards.•Domestic banks have an edge in the debit and credit card market as they have partnered with domestic service providers to bundle card products with a range of value-added services targeting different customer demographics.•Many rural banks now offer advanced card products which are customized for the individual user segment. These are accompanied by a range of value-added services and have had the effect of improving card literacy in rural markets.•A key driver of the cards and payments market in China is the gift card category. The annual expenditure on gift cards in 2011 was US$183 billion. Gift cards have the potential for growth as demand is rising from the both retail and corporate categories.Reasons to buy•Make strategic business decisions using historic and forecast market data related to Chinas cards and payments market and each market within it.•Understand the key market trends and growth opportunities within Chinas cards and payments market.•Assess the competitive dynamics in Chinas cards and payments market.•Gain insights into the marketing strategies used for selling various types of cards in China.•Gain insights into key regulations governing Chinas cards and payment market.Get your copy of this report @http://www.reportsnreports.com/reports/204163-emerging-opportunities-in-the-china-cards-and-payments-market-market-size-trends-and-drivers-strategies-products-and-competitive-landscape.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Market Attractiveness and Future Prospects of Cards and Payments Industry3 Analysis of Cards and Payments Market Drivers3.1 Macroeconomic Fundamentals3.1.1 GDP growth3.1.2 Low Unemployment Rate
  • 3.1.3 Growth of Per-Capita GDP3.1.4 Loose Monetary Policy3.1.5 Growth Oriented Fiscal Policy3.2 Infrastructure Drivers3.2.1 Dual Interface Cards3.2.2 Bank Card Testing Laboratory3.2.3 Digital Wallet3.2.4 Neal Field Communication (NFC)3.3 Business Drivers3.3.1 Retail Spending3.3.2 Growth of Remittances3.3.3 Growth of Gift Cards and Closed Loop Prepaid Cards3.3.4 Growth of Online Commerce3.4 Consumer Drivers3.4.1 Urbanization3.4.2 Emerging middle class segments3.4.3 Growth of luxury spending3.4.4 Customs and Practices3.5 Card Fraud Statistics3.5.1 By channel3.6 Regulatory Framework in China3.6.1 Payment Guidelines by China Union Pay according to Electronic Payment Guidelines, CUP3.6.2 CBRC risk management framework3.6.3 CBRC credit card regulation relating to protection of consumers personal data3.6.4 Rules governing foreign bank entry and establishment3.6.5 Regulation pertaining to Know Your Customer (KYC)3.6.6 Anti-money laundering legislation3.6.7 Central bank regulations related to prepaid cards3.6.8 Prepaid card market entry rule4 Emerging Consumer Attitudes and Trends4.1 Market Segmentation and Targeting4.2 Consumer Preference4.3 Online Buying Behaviour4.4 Preferred Payment Methods5 Competitive Landscape and Industry Dynamics5.1 Market Share Analysis by Payment Channels5.2 Debit Cards Market Share5.2.1 By Bank5.2.2 By Scheme5.3 Credit Cards Market Share5.3.1 By Bank5.3.2 By Scheme
  • 5.4 Charge Cards Market Share5.4.1 By Scheme6 Strategies Adopted by Key Players6.1 Market Entry Strategies6.2 Marketing / Product Strategy6.2.1 Debit Cards6.2.2 Credit Cards6.2.3 Prepaid Cards6.3 Pricing Strategies7 Market Size and Growth Potential of Payment Card Industry7.1 Market Share Analysis by Type of Card7.2 Total Market Size and Forecast of Card Industry7.2.1 Analysis by number of cards7.2.2 Analysis by transaction value7.2.3 Analysis by transaction volume7.3 Debit Card Market Size and Forecast7.3.1 Analysis by number of cards7.3.2 Analysis by transaction value7.3.3 Analysis by transaction volume7.3.4 Other key performance indicators7.4 Prepaid Card Market Size and Forecast7.4.1 Analysis by number of cards7.4.2 Analysis by segments – open loop and closed loop cards7.5 Charge Card Market Size and Forecast7.5.1 Analysis by number of cards7.5.2 Analysis by transaction value7.5.3 Analysis by Transaction Volume7.6 Credit Card Market Size and Forecast7.6.1 Analysis by number of cards7.6.2 Analysis by transaction value7.6.3 Analysis by transaction volume7.6.4 Other key performance indicators8 Company Profiles, Product, and Marketing Strategies8.1 Shanghai Rural Commercial Bank (SRCB)8.1.1 Strategies8.1.2 Debit Cards offered8.1.3 Credit Cards offered8.2 Bank of China8.2.1 Strategies8.2.2 Debit Cards offered8.2.3 Credit Cards Offered8.2.4 Prepaid Cards Offered
  • 8.3 Industrial and Commercial Bank of China Limited8.3.1 Strategies8.3.2 Debit Cards Offered8.3.3 Credit Cards Offered9 Appendix9.1 Methodology9.2 Definitions9.3 Contact Us9.4 About Timetric9.4.1 Our Approach9.5 Services9.6 DisclaimerList of TablesTable 1: Interest Rate Changes by People’s Bank of China, 2008–2012Table 2: China Payment Channels (CNY Million), 2007 and 2011Table 3: Market Entry Strategies of Various Foreign Corporate and Retail BankTable 4: Debit Card Fee of Selected BanksTable 5: China Cards Market by Type of Card (Number in Thousands), 2007–2016Table 6: China Cards Market Size by Volume (Thousands), 2007–2016Table 7: China Cards Market Size by Transaction Value (CNY Million), 2007–2016Table 8: China Cards Market Size by Transaction Value (US$ Million), 2007–2016Table 9: China Cards Market Size by Transaction Volume (Million), 2007–2016Table 10: China Debit Card Category Market Size (Thousands), 2007–2016Table 11: China Debit Card Category Market Size (CNY Million), 2007–2016Table 12: China Debit Card Category Market Size (US$ Million), 2007–2016Table 13: China Debit Card Category Market Size by Transaction Volume (Million), 2007–2016Table 14: China Card Category Market Size by Frequency of Use (Transaction/Card/Year),2007–2016Table 15: China Prepaid Card Category Market Size (Thousands), 2007–2016Table 16:China Open-Loop Prepaid Cards Category Market Size (Thousands), 2007–2016Table 17: China Closed-Loop Prepaid Cards Category Market Size (Thousands), 2007–2016Table 18: China Prepaid Cards Category Market Size (CNY Million), 2007–2016Table 19: China Prepaid Cards Category Market Size (US$ Million), 2007–2016Table 20: China Charge Card Category Market Size (Thousands), 2007–2016Table 21: China Charge Card Category Market Size (CNY Million), 2007–2016Table 22: China Charge Card Category Market Size (US$ Million), 2007–2016Table 23: China Charge Card Category Market Size by Transaction Volume (Million), 2007–2016Table 24: China Charge Card Category Market Size by Frequency of Use(Transaction/Card/Year), 2007–2016Table 25: China Credit Card Category Market Size by Volume (Thousands), 2007–2016Table 26: China Credit Card Category Market Size by Transaction Value (CNY Million),2007–2016
  • Table 27: China Credit Card Category Market Size by Transaction Value (US$ Million), 2007–2016Table 28: China Credit Card Category Market Size by Transaction Volume (Million), 2007–2016Table 29: China Credit Card Category Market Size by Frequency of Use, 2007–2016Table 30: China Credit Card Category Market Size by Average Transaction Value (CNY),2007–2016Table 31: China Credit Card Category Market Size by Average Transaction Value (US$),2007–2016Table 32: Specific Discounts That Can be Availed by Yintong Card UsersTable 33: Cards and Payments Key DefinitionsList of FiguresFigure 1: Current and Future Prospects of Various Cards in ChinaFigure 2: Growth Potential of The China Cards And Payments Market by Area of UsageFigure 3: Macroeconomic Climate Index in ChinaFigure 4: Gross Domestic Product at Constant Price Growth (%), 2007-2016Figure 5: China Unemployment Rate (%), 2007–2011Figure 6: Retail Sales Growth in China (CNY Billion), 2007-2011Figure 7: Growth Rate of Urban and Rural Population (%), 2007-2011Figure 8: Card Fraud Statistics by Region (US$ Million), 2007–2011Figure 9: China Card Fraud Statistics by Channel (CNY Million), 2007–2011Figure 10: China Cards and Payments Market Segmentation by Card TypeFigure 11: Market Segmentations of Major Banks by Card TypeFigure 12: Consumer Preferences for Various Types of CardFigure 13: Online Retail Market in China, 2008-2011 (CNY Billion)Figure 14: Internet Users in China (Million), 2006-2011Figure 15: Mode Of Access to Online-Commerce (%), ChinaFigure 16: Market Share of Online Shopping Categories (%), 2011Figure 17: Top Reasons to Buy OnlineFigure 18: Preferred Online Payment Methods (%), 2007Figure 19: Share of Different Payment Channel in China (%), 2011Figure 20: China Value and Growth of Cash Transactions (CNY Million), 2007–2011Figure 21: China Value and Growth of Cards Payment (CNY Million), 2007–2011Figure 22: China Value and Growth of Check Payment (CNY Million), 2007–2011Figure 23: China Debit Card Market Share by Banks (%), 2011Figure 24: China Debit Card Market Share by Schemes (%), 2011Figure 25: China Credit Card Market Share by Bank (%), 2011Figure 26: China Credit Card Market Share by Schemes (%), 2011Figure 27: China Charge Card Market Share by Schemes (%), 2011Figure 28: Card Marketing Strategies of BanksFigure 29: China Cards Market by Type of Card (%), 2007–2016Figure 30: China Cards Market Size by Volume (Thousands), 2007–2016Figure 31: China Cards Market Size by Transaction Value (CNY Million), 2007–2016Figure 32: China Cards Market Size by Transaction Volume (Million), 2007–2016
  • Figure 33: China Debit Card Category Market Size (Thousands), 2007–2016Figure 34: China Debit Card Category Market Size (CNY Million), 2007–2016Figure 35: China Debit Card Category Market Size by Transaction Volume (Million), 2007–2016Figure 36: China Card Category Market Size by Frequency of Use (Transaction/Card/Year),2007–2016Figure 37: Debit Card Usage ATMs and POS Terminals (Thousands), 2007–2016Figure 38: China Prepaid Card Category Market Size (Thousands), 2007–2016Figure 39: China Open-Loop Prepaid Cards Category Market Size (Thousands), 2007–2016Figure 40: China Closed-Loop Prepaid Cards Category Market Size (Thousands), 2007–2016Figure 41: China Prepaid Cards Category Market Size (CNY Million), 2007–2016Figure 42: China Charge Card Category Market Size (Thousands), 2007–2016Figure 43: China Charge Card Category Market Size (CNY Million), 2007–2016Figure 44: China Charge Card Category Market Size by Transaction Volume (Million), 2007–2016Figure 45: China Charge Card Category Market Size by Frequency ofUse(Transaction/Card/Year),Figure 46: China Credit Card Category Market Size by Volume (Thousands), 2007–2016Figure 47: China Credit Card Category Market Size by Transaction Value (CNY Million),2007–2016Figure 48: China Credit Card Category Market Size by Transaction Volume (Million), 2007–2016Figure 49: China Credit Card Category Market Size by Frequency of Use, 2007–2016Figure 50: China Credit Card Category Market Size by Average Transaction Value (CNY),2007–2016Figure 51: Shanghai Rural Commercial Bank (SRCB), Segmentation of Cards OfferedFigure 52: Bank of China, Segmentation of Cards OfferedFigure 53: Industrial and Commercial Bank of China Limited, Segmentation of Cards OfferedContact: sales@reportsandreports.com for more information.