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PUBLISHER: GlobalData | PRODUCT CODE: 2132722
PUBLISHER: GlobalData | PRODUCT CODE: 2132722
China Cards and Payments: Opportunities and Risks to 2030
PUBLISHED:
PAGES: 118 Pages
DELIVERY TIME: 1-2 business days
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GlobalData's 'China Cards and Payments: Opportunities and Risks to 2030' report provides detailed analysis of market trends in China cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry including cards, credit transfer, cash, direct debits and cheques during the review-period (2022-26e).
The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2026e-30f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.
GlobalData's 'China Cards and Payments: Opportunities and Risks to 2030' report provides top-level market analysis, information and insights into China cards and payments industry, including:
- Current and forecast values for each market in China cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including cards, credit transfer, cash, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing China cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of China cards and payments industry.
Key Highlights
- In November 2025, the PBOC-together with the National Development and Reform Commission and the National Financial Regulatory Administration-issued the Regulations on Cash Payment Service which mandates that all service providers, public agencies, and commercial entities must accept legal tender in cash (banknotes and coins). Merchants must not reject cash payments, impose discriminatory measures against cash use or create obstacles (such as fees or limiting conditions) in accepting cash. This regulation came into effect on February 1, 2026.
- In June 2026, Indonesia and China officially commenced the full operation of cross-border QR code payment between their respective national payment systems; Indonesia's Quick Response Code Indonesian Standard and China's UnionPay and Alipay QR systems. This interoperability enables Chinese visitors to make purchases in Indonesia using their preferred payment platforms (such as UnionPay App, Alipay or bank apps connected through UnionPay MobileWallet Connect). On a similar note, in May 2026, China's Tencent WeChat Pay partnered with PayPal to enable PayPal users to make QR code payments at Chinese merchants through WeChat Pay's network.
- In July 2026, the State Administration for Market Regulation and the Ministry of Commerce jointly released a draft amendment to the 2019 E-Commerce Law for public consultation. The draft expands the Law's scope beyond marketplace operators to the wider platform economy, including food delivery and instant commerce. It also proposes a regulatory framework for multi-sector businesses to promote more-consistent oversight of online and offline commercial activities and aims to enhance coordination between central and local enforcement authorities.
Scope
- Card market size in terms of number of cards, value and volume of transactions in China along with detailed card segmentation of debit, credit and charge cards available in the country.
- Market sizing and analysis of major payment instruments including cards, credit transfer, cash, direct debits and cheques.
- Payment market trends and growth for both historical and forecast period
- Competitor analysis with detailed insights into leading card issuers and schemes.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to China cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in China cards and payments industry.
- Assess the competitive dynamics in China cards and payments industry.
- Gain insights into marketing strategies used for various card types in China.
- Gain insights into key regulations governing the China cards and payments industry.
Product Code: GDFS0983CI
Table of Contents
Table of Contents
1. Executive Summary
2. Market Overview
3. Macroeconomics, Regulation, and Infrastructure
4. Payment Instruments
5. Card-Based Payments
6. Card Payment Acquiring
7. Instant Payments
8.Digital Wallet Payments
9. Buy Now Pay Later
10. Retail Payments
11. In-Store Payments
12. Ecommerce Payments
13. Bill Payments
14. P2P and Remittances
15. Appendix
Product Code: GDFS0983CI
List of Table
List of Tables
- Key facts, 2026
- Payment instrument transaction values (LCU), 2022-2030f
- Payment instrument transaction values ($), 2022-2030f
- Payment instrument transaction volumes (units), 2022-2030f
- Payment cards in circulation by type (units), 2022-2030f
- Volume of payment card transactions (units), 2022-2030f
- Value of payment card transactions (LCU), 2022-2030f
- Value of payment card transactions ($), 2022-2030f
- Debit cards in circulation (units), 2022-2030f
- Debit card transaction volumes, 2022-2030f
- Debit card transaction values (LCU), 2022-2030f
- Debit card transaction values ($), 2022-2030f
- Debit cards in circulation by scheme (units), 2022-26e
- Debit card transaction values by scheme (LCU), 2022-26e
- Debit card transaction values by scheme ($), 2022-26e
- Debit cards in circulation by issuer (units), 2022-26e
- Debit cards transaction value by issuer (LCU), 2022-26e
- Debit cards transaction value by issuer ($), 2022-26e
- Credit card in circulation (units), 2022-2030f
- Credit card transaction volumes, 2022-2030f
- Credit card transaction values (LCU), 2022-2030f
- Credit card transaction values ($), 2022-2030f
- Credit card in circulation by scheme (units), 2022-26e
- Credit card transaction values by scheme (LCU), 2022-26e
- Credit card transaction values by scheme ($), 2022-26e
- Credit cards transaction value by issuer (LCU), 2022-26e
- Credit cards transaction value by issuer ($), 2022-26e
- merchant acquiring transaction volumes (units), 2022-2030f
- merchant acquiring transaction values (LCU), 2022-2030f
- merchant acquiring transaction values ($), 2022-2030f
- acquirers' transaction volumes (units), 2022-26e
- acquirers' transaction values (LCU), 2022-26e
- acquirers' transaction values ($), 2022-26e
- retail outlets and card-accepting merchants (units), 2022-2030f
- debit card average interchange fees (%), 2022-26e
- credit and charge card average interchange fees (%), 2022-26e
- debit card merchant service charge and interchange fee (%), 2022-2030f
- credit and charge card merchant service charge and interchange fee (%), 2022-2030f
- retail market by product categories (LCU), 2022-2030f
- retail market by product categories ($), 2022-2030f
List of Figure
List of Figures
- Card penetration per inhabitant
- Average number of monthly card transactions
- POS terminals per 1,000 inhabitants
- Inflation rate
- GDP growth rate
- Unemployment rate
- Average annual wages
- Total population
- Banked population
- Internet penetration
- Mobile phone penetration
- Number of ATMs and ATMs per 1 million inhabitants
- Number of POS terminals and POS terminals per 1 million inhabitants
- Payment instrument transaction volume (paper-based vs electronic payments)
- Payment instruments transaction value
- Payment instruments transaction volume
- Cross-border payment value
- Cross-border payment Volume
- Payment cards number of cards in circulation
- Payment cards card penetration per individual, by card type
- Payment cards value of card transactions
- Payment cards volume of card transactions
- Payments card value physical POS vs. remote
- Payments card volume physical POS vs. remote
- Payments value domestic vs. cross-border
- Payments volume domestic vs. cross-border
- Debit card frequency of payments and average transaction value
- Debit card ATM withdrawals frequency of use and average transaction value
- Debit card issuers by number of cards
- Debit card issuers by transaction value share
- Credit card frequency of payments and average transaction value
- Credit card ATM withdrawals frequency of use and average transaction value
- Credit card schemes transaction value
- Credit card schemes transaction volume
- Credit card schemes market share in terms of transaction value
- Credit card issuers by number of cards
- Credit card issuers by transaction value share
- Credit card balances outstanding
- Credit card balances outstanding repayment schedule
- Number of prepaid cards, value and volume
- Prepaid card usage drivers
- Card payment acquiring transaction value and volume
- Card Payment Acquiring - Debit card transaction value and market share by transaction value
- Card Payment Acquiring - Credit and charge card transaction value and market share by transaction value
- Debit card average interchange fees (%)
- Credit and charge card average interchange fees (%)
- Debit card merchant service charge and interchange fee (%)
- Credit and charge card merchant service charge and interchange fee (%)
- Instant payments transaction value and volume
- Digital wallet transaction value and value
- Mobile Proximity Payments usage drivers
- Mobile Proximity Payments funding methods
- BNPL online transaction value and transaction volume
- BNPL share of overall ecommerce transaction value
- Preferred BNPL brand/tool for in-store and online payments
- Retail sales
- In-store transaction value by payment method
- In-store payment tool usage drivers
- In-store transaction value by products and services
- E-commerce transaction value and ecommerce breakdown by mobile vs. desktop/laptop
- Ecommerce market by product and services
- Ecommerce market by paymnet tools
- Online payment tool usage drivers
- Bill Payments - Breakdown by payment tools
- Bill Payments- Frequency of bill payments
- P2P Payments - Domestic and International P2P money transfers and top priorities for P2P tools
- Value of inward and outward remittances
- Top 10 countries for inward and onward remittances
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