Market Research Report - 254571
Emerging Opportunities in China's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
|Published||Content info||90 Pages|
|Emerging Opportunities in China's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape|
|Published: November 5, 2012||Content info: 90 Pages||
The report provides market analysis, information and insights into China's cards and payments market, including:
The card market in China exhibited double digit growth both in value and volume terms during the review period. The debit card market grew at a CAGR of 17.27% during the review period in value terms. In volume terms the growth was even significant and was 47.6%. Similarly the credit card market grew at a CAGR of 34.1% in volume terms during the review period. In value terms the market grew by 60.0%. Both the debit and credit card market are expected to grow positively in value and volume terms during the forecast period. A notable tendency in the card market is that consumers use credit and debit cards for making high-value transactions. This has generated a massive growth in value terms both in the debit and credit card segments. Debit and credit cards are expected to be used for effecting high-value transactions in the forecast period. The debit card and credit card market is expected to grow at a CAGR of 47.6% and 60% respectively in value terms during the forecast period.