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China Credit Card Market Poised to Grow Magnificently

01-31-2013 02:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: RNCOS E-Services Pvt. Ltd.

/ PR Agency: RNCOS E-Services Pvt. Ltd.
The number of credit cards in China is projected to grow at a CAGR of 24% during 2012-2015, says RNCOS.

The number of credit cards in China is projected to grow at a CAGR of 24% during 2012-2015, says RNCOS.

Credit cards are gaining huge popularity in China owing to the continuous economic growth, rising per head disposable income, technological upgradation in cards’ security features, and increasing consumer awareness. Additionally, increasing penetration of foreign players in the domestic market is adding fuel in the ever growing market of credit cards in the country. Besides, various government liberal policies for foreign card issuers are also helping the credit card market to grow further. On the back of the above factors, the number of credit cards in China is anticipated to grow at a CAGR of around 24% during 2012-2015.

Research Analysis & Highlights

The report, “China Credit Card Market Forecast to 2015”, by RNCOS spread in over 60 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the credit card market in the country. The report also covers an in-depth analysis of credit card transactions by value and volume coupled with credit card spending by category, such as entertainment, shopping and travel and accommodation, etc. Additionally, the report facilitates study of leading card issuers & various card charges in the country.

The report also exhibits the emerging trends in the country, which are boosting credit card usage in the country. The report includes study of the present regulatory framework in China covering the licensing procedure of foreign players in the country. In addition, we have also included challenges that need to be addressed for the fast track growth of the industry in the country. Other than that, to provide a comprehensive knowledge, the research also includes the study of consumer behavior towards credit cards in China, which will help the client to understand customer’s requirements.

Further, through the section of key players, we have tried to provide an insight of the current market scenario and existing competition to our customers. To provide a clearer picture of competitive landscape, we have considered both domestic as well as international players in our analysis. Additionally, we have also covered the key strategies of these players in the country. In all, the report presents a comprehensive look at the sector’s past, present, and future scenario.

Some of the report’s key highlights include:

- Increasing penetration of credit cards in China’s Bank Card Industry
- Liberal Government Policy to boost foreign bank credit card growth in China
- Rising trend of e-shopping propelling the credit card usage in China
- Growing tie-ups increasing number of co-branded credit cards in China

For FREE SAMPLE of this report visit:

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.


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