China Cards and Payments Market Historical Trends and Analysis to 2022

(EstateNewsWire.com, May 24, 2018 ) Overview

The Cards and Payments Market in China is set to expand rapidly owing to the growing demand from the rising middle class populace for better standards of living and provision for quality goods. The increasing urbanization is also anticipated to encourage customers to use card-based payments for convenience. The exponential growth in the online commerce segment of Chine which has many domestic sites such as Taobao, tuan800, and 360 buy which have outperformed international giants such as Amazon and ebay. The availability of a good payment infrastructure and deep penetration of the internet in the region are the other factors encouraging the growth of this segment.

A variety of products are being offered by Rural Banks in China which include customized value added services. Farmers, agricultural workers, farming cooperatives, and labor union members, are being offered customized schemes by commercial and cooperative banks. The Xing Nong Card offered by the Shanghai Rural Commercial Banks is one such card for farmers, which includes the provisions for statement management services, merchant promotions, specialized discounts and the cardholder’s balance via text message.

Browse brief and detailed TOC of the report @ https://www.marketdataforecast.com/market-reports/China-cards-and-payments-market-6925/

Market Growth Potential

Employees in the corporate sector are being increasingly given gift cards as payment incentives by corporate clients. Even though the central bank legislations are stringent, the demand for gift is projected to expand during the forecast period. The credit card segment of the cards and payments market in China is expected to attract more foreign competitors as the foreign banks were, till 2012, not permitted to issue their own credit cards and were only allowed to issue co-branded cards in partnership with a domestic counterpart. However, with the granting of the first standalone license to the Citibank, this landscape has changed and foreign banks are expected to be further attracted to tap the market in this region.

Ask for Sample Brochure of the report for more information, Get a Copy @ https://www.marketdataforecast.com/market-reports/China-cards-and-payments-market-6925/request-sample

Some of the dominating players in China Cards and Payments Market:

Agricultural Bank of China
Industrial and Commercial Bank of China
China Construction Bank
Bank of China
China Merchants Bank
Bank of Communications
Geographical Segmentation

The Market in China is analysed geographically under the region of Asia Pacific. China accounts for one of the largest shares of the Asia Pacific Cards and Payments 2017, and is also showing robust growth in the market. The government reforms taking place for the development of the card payments channel are expected to keep the market outlook stable in the coming future.

Get your customized report: https://www.marketdataforecast.com/market-reports/China-cards-and-payments-market-6925/customize-report

Related Reports from Market Data Forecast:

France Cards And Payments Market: https://www.marketdataforecast.com/market-reports/France-Cards-and-Payments-Market-6851/

UK Cards And Payments Market: https://www.marketdataforecast.com/market-reports/UK-Cards-and-Payments-Market-6847/

About MarketDataForecast™

Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.

Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com