Abstract
New research from Mercator Advisory Group examines regulatory impact and
developments in credit, debit, online, and mobile payments
Boston, MA November 16, 2012 China, the world's second largest economy, is
also the world's largest payment card market and projected to surpass the
United States as the leader in card payments as early as 2013. At the same
time, China's payment market remains closed to foreign companies, and
international card networks have also been mostly excluded from the domestic
market.
Within this landscape, regulatory changes such as the recent World Trade
Organization ruling to open financial markets (including the payment card
market) will allow international competition and further change in this
dynamic arena.
Mercator Advisory Group's latest research report, China's E-Payment Market
2012, provides an overview of China's electronic payments market,
including a background of overall macroeconomic growth and trends. Also
included are developments in credit and debit card issuing markets, an
examination of the acceptance market, and updates in online and mobile
payments. In addition, this research reviews strategic issues and changes in
the industry, including the slowing credit card market, new payment
regulations, the WTO ruling and its impact, the migration to chip cards, and a
view of the Chinese co-branded credit card market.
"China's e-payment market is undergoing a very important era of change."
Terry Xie, director of Mercator Advisory Group's International Advisory
Service and principal analyst on the report, commented. "It is rare to see
so many major changes happening at once. And that has major impacts of the
global payments industry, more so than many have realized. The local banking
and payments industry is trying to adapt to the new era, and so should the
global payments industry and the players in it, who may need to reevaluate
their China strategy as well as their global strategies."
Highlights of the research findings include:
- Growth rates for the e-payment market, projections for the total number of
credit and debit cards, and their total purchase value
- Current credit card growth projections
- The factors putting banking profit margins under increasing pressure.
- The fastest growing and most quickly evolving markets and the market
dynamics influencing the shifts
- The impact of the WTO ruling on foreign banks and card networks, and
possible future actions by both entities
One of the 15 exhibits included in this report:
The report is 30 pages long and contains 15 exhibits.
Companies and services mentioned in this report include: Alipay, Bank
of America, China Merchants Bank, China Mobile, ChinaPay, China UnionPay,
Citibank, Communications Bank of China (CBC), East Asia Bank, Hainan Airlines,
Haihang Xinsheng, Haihang Yisheng, HTC, Industrial and Commercial Bank of
China (ICBC), MasterCard, NetEase, Shunfeng Express, Suning, Tenpay,
MasterCard, Union MobilePay, Visa, and 360Buy.
Members of Mercator Advisory International Advisory Service have access
to this report as well as the upcoming research for the year ahead,
presentations, analyst access and other membership benefits.
Table of Contents
Executive Summary
Introduction
Overview of China's E-Payment Market
- China's Macroeconomy
- Overall Consumer Payment Trends
Overall Card Market Development
- Credit Card Market Development
- Debit Card Market Development
- Credit and Debit Card Market Five-Year Growth
- Card Acceptance Market Development
The Emerging Online and Mobile Channels
- Online Payments
- Mobile Payments
Strategic Trends and Developments
- Merchant Discount/Interchange
- Credit Card Market Slows
- Payment Service Provider Licensing and Regulations
- PBOC 2.0 and Contactless
- The World Trade Organization Ruling and the Opening of China's E-Payment
Market
- Cobranded Cards
Conclusion
- End Notes
- Copyright Notice
China's E-Payment Market 2012 published by Mercator Advisory Group, Inc. in November 20, 2012. This report consists of 30 Pages and the price starts from US $ 2950.
